The RBC economists say they believe the U.S. economy is kicking into gear and that — combined with
the lower value of the loonie — will result in more demand for Canadian exports.
Not exact matches
And based purely on terms
of trade, USDCAD looks to be pretty much at fair
value — as Holt notes, WTI is well off its
lows of the year but the
loonie isn't.
Despite a
low -
value loonie and even
lower oil prices, 2014 was the best year ever for new car and truck sales in this country and 2015 is shaping to be more
of the same, with record new vehicle sales being driven mainly by trucks.
The
loonie's decline in
value is just one aspect
of our nation's global economic footprint which includes our ongoing struggle with
lower oil prices.