Financial Post: Loonie watch: Canadian dollar hits four-year low as 71 cent U.S. threshold nears

“The Canadian dollar looks poised on the edge of breaking through post-pandemic lows to the downside,” Karl Schamotta, chief market strategist at Corpay Currency Research, said in a note this morning. Schamotta said in the note that a burst of U.S. inflation could push the Canadian dollar below the 71 cents U.S. mark — “a move that could clear the way for a two-to-three per cent drop.”

Financial Post: Loonie watch: Canadian dollar hits four-year low as 71 cent U.S. threshold nears