The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

The Royal Canadian Mint unveils the 2012 lucky loonie coin in July, 2012. Many experts believe the Canadian dollar is poised to lose value in the coming years.
The Royal Canadian Mint unveils the 2012 lucky loonie coin in July, 2012. Many experts believe the Canadian dollar is poised to lose value in the coming years.
(Jeff McIntosh/The Canadian Press)

DAVID PARKINSON

U.S. recovery won’t keep Canadian dollar afloat this time

ROB Insight is a premium commentary product offering rapid analysis of business and economic news, corporate strategy and policy, published throughout the business day. Visit the ROB Insight homepage for analysis available only to subscribers.

If there’s one thing holding the Canadian dollar aloft, it’s the market’s faith that the rising U.S. economic tide will float Canada’s boat. This time around, that’s a pretty leaky argument.