Here's what could send the Canadian dollar higher this year
Watch: Corpay's Karl Schamotta talks about the outlook for the Canadian dollar for the rest of 2023
Karl Schamotta, chief market strategist at Corpay, talks to Larysa Harapyn about the outlook for the Canadian dollar for the rest of 2023, and how different factors such as economic data, the price of oil and stock markets could affect its path. Off camera, he predicts the loonie will be in the range of $1.2850 and $1.3500 through the latter half of the year, with one big caveat: “This will almost certainly be wrong.”
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