Canadian Dollar Takes a Beating From the US Dollar
by Thomas House
The Canadian economy thrives on it’s exports and with the slowdown of US spending the Canadian dollar has taken quite a hit. In the last 2 days alone, the Canadian dollar has weakened by nearly 600 pips and with the Bank of Canada looking to cut interest rates by 100 basis points (1%), there is still a lot of room for the Canadian dollar to fall.
About the Author - Thomas House
Thomas House has been creating and marketing websites for over a decade. He has successfully bought and sold a variety of websites in different industries, and learned about many of them along the way. Mr. House is learning about forex and trading as he creates a resource for others to do the same. Feel free to contact him about advertising opportunities on this site if you are so inclined.
