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Loonie is pushing higher amid parabolic global growth expectations: Market strategist

May 5, 2021

The Canadian economy is continuing to make up lost ground from the worst of the pandemic, with the country posting yet another monthly gain in GDP. Karl Schamotta, chief market strategist at Cambridge Global Payments, says while this strong data is supporting a higher dollar, the loonie is mainly being pushed up by skyrocketing global growth expectations and commodities prices.

Watch the video here.