Financial Post: Any Trudeau effect on Canadian dollar wears off as reality sets in
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Updated:2025-01-07
“It may be tempting to ascribe this (the loonie’s rise on Monday) to Prime Minister Justin Trudeau’s decision to step down yesterday,” Karl Schamotta, chief market strategist at Currency Research, said in a note. But Schamotta said that the loonie’s performance on Monday compared with other major currencies suggests otherwise.
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