Today I spoke with BNNBloomberg about the Canadian dollar, tariffs and why there could be a black swan looming around the US dollar. The video is below.Here are five questions:1) Why is the Canadian dollar struggling?his week the Canadian dollar fell to the lowest level since May 2020. Excluding the pandemic and a brief rout in 2016, it’s the lowest in 21 years.Now, it’s not entirely fair to say the loonie is struggling in a global context. It’s right in the middle of the five-year range against the euro, slightly below the five-year average against the pound and near a 15-year high against the Japanese yen.Still, it’s weakened lately and there is one main domestic driver:Int
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