Go to the Globe and Mail homepage

Jump to main navigationJump to main content

AdChoices

How low can the loonie go? Add to ...

Subscribers Only

Bank of Canada governor Stephen Poloz delivered his message loud and clear Wednesday morning: he’s more concerned about disinflationary trends – or even outright deflation – than he is about our battered currency.

Investors are responding in kind. The dollar is down nearly a cent since markets opened Wednesday, marking a four-year low. The loonie has now dropped 11 per cent since this time last year, and shows few signs of bottoming. The latest data out of the Commodity Futures Trading Commission shows over 70,000 futures contracts shorting the Canadian dollar.

Report Typo/Error

Follow us on Twitter: @GlobeBusiness

Next story

loading

Trending

loading

Most popular videos »

More from The Globe and Mail

Most popular