{"id":15462,"date":"2015-12-19T09:47:19","date_gmt":"2015-12-19T14:47:19","guid":{"rendered":"http:\/\/olduvai.ca\/?p=15462"},"modified":"2015-12-19T09:47:19","modified_gmt":"2015-12-19T14:47:19","slug":"canadian-dollar-on-track-for-2nd-worst-year-ever","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=15462","title":{"rendered":"Canadian dollar on track for 2nd-worst year ever"},"content":{"rendered":"
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Canadian dollar on track for 2nd-worst year ever<\/a><\/h3>\n<\/div>\n

Currency is down 17% year-to-date against the U.S. currency<\/strong><\/p>\n

\"The<\/p>\n

The Canadian dollar hasn’t been at par with the U.S. dollar for three years. This year, the loonie’s slide against the American dollar was one of the biggest ever. (Mark Blinch\/Reuters)<\/p>\n<\/div>\n<\/div>\n

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The word “beleaguered”\u00a0\u2014 often used to describe the Canadian dollar these days\u00a0\u2014 seems inadequate to describe the precipitous fall our currency has experienced this year.<\/div>\n<\/div>\n<\/div>\n
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Assuming that\u00a0the loonie stays at current levels\u00a0(and that may be a reckless assumption given the steady slide we’ve seen of late) our dollar is on track to record its second-worst year ever, according to calculations from \u00a0BMO Capital Markets, with a drop of 17 per cent since the start of the year.<\/p>\n