Financial Post: The loonie is rallying. Here's why top currency watchers don't think it will last

'Karl Schamotta, chief market strategist at Corpay Cross-Border Solutions, said the Canadian dollar’s moves were primarily driven by the bond buyback announcement on Wednesday, when U.S. Treasury officials announced that it would be doubling buyback operations — from US$2 billion to US$4 billion — for longer-dated bonds, which weakened the U.S. dollar. “Broadly speaking, what’s happening to the U.S. dollar is overwhelmingly the driving force in what’s showing up in the Canadian dollar exchange rate right now,” he said.'

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