Canadian dollar may go as low as 70 cents US in 2017, experts say

Canadians travelling to the United States or buying goods south of the border in 2017 could expect to pay more as the Canadian dollar is expected to retreat, with some economists saying the loonie could swing as low as 70 cents US.

According to several recently released forecasts, the Canadian dollar is expected to fall against the backdrop of several factors: a U.S. economy gaining speed, interest rate hikes by the U.S. Federal Reserve, and oil prices that are projected to remain soft...

Scotiabank said it sees the loonie dipping to 71 cents in the second quarter of next year before returning to its current level of 74 cents by the end of the year.

This has been excerpted from the 24 November 2016 edition of CBC News and is available in its entirety at:
http://www.cbc.ca/news/business/loonie-us-dollar-forecasts-1.3863851