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FP Answers: Will the Canadian dollar go up in value?

Larysa Harapyn
FILE PHOTO: A Canadian dollar coin, commonly known as the
FILE PHOTO: A Canadian dollar coin, commonly known as the

In an increasingly complex world, the Financial Post should be the first place you look for answers. Our FP Answers initiative puts readers in the driver’s seat: you submit questions and our reporters find answers not just for you, but for all our readers. Today, we answer a question from a reader about the value of the Canadian dollar.

Karl Schamotta, chief market strategist at Corpay Cross Border Payments, speaks to the Financial Post’s Larysa Harapyn about the outlook for the Canadian dollar and what factors are impacting price fluctuations. He expects the loonie to head for 70 cents.