Canadian analyst predicts all-time low for the loonie
The value of the Canadian dollar may drop to an all-time low by the end of the year.
The loonie slipped to 69.9 cents on the U.S. dollar on January 11, the first time it鈥檚 dipped below 70 cents since 2003, and Canada鈥檚 top-ranking forecaster says the decline hasn鈥檛 stopped.
David Doyle is an analyst for the Macquarie Capital Markets Canada Ltd. He was ranked the most accurate forecaster of the Canadian dollar by Bloomberg News and accurately predicted the loonie鈥檚 current decline to 69 cents in February 2015.