The market is currently split on whether this will happen in the latter part of 2015 or early 2016 - but when they do hike interest rates, this will have a noticeable impact on weaker major currencies, such as the Canadian dollar
According to our calculation, the Canadian dollar
is by now as deep undervalued as the euro, a little less pronounced than the Japanese yen.
The duration of the Canadian currency over the United States is difficult to predict, though Di Matteo expects it will be hard for the Canadian dollar
to maintain its strength for much longer.
Weak selling prices and the rise of the Canadian dollar
restricted exports to the United States, the Conference Board noted.
Firas Askari and members of BMO's FX Team are available to discuss trends in the Canadian dollar
and global currency markets.
The rise in the value of the Canadian dollar
hampered Nova's expansion, however, and Kolovski is now simply looking into purchasing low-cost items in the U.
dollars or the Canadian dollar
equivalent by contacting the financial intermediary with whom the common shares are held.
Central banks around the world are demanding Canadian dollars
to replenish their reserves.
50 Canadian dollars
and Bank of Montreal, one of the country's biggest five banks, went up 0.
The intense global interest in Canada's resource sector will drive the Canadian dollar
even higher, according to a research note from David Watt of RBC Capital Markets.
The last time a Canadian dollar
was worth more than an American one was in 1976; for the last three months of 2007, this was true again.
The supercharged Canadian dollar
is sparking fears that Canadians are poised to re-enact the shopping frenzy of the late 1980s when millions of them poured across the border into American malls.