Why the loonie's future looks gloomy

Monetary policy, commodity outlook paint bleak picture, but is hedging the answer?

Andrew Hepburn 6 February, 2017 | 6:00PM

Prediction is difficult, especially if it's about the future, a famous quote tells us. The aphorism is particularly appropriate for financial markets, where pundits and professionals alike are constantly trying to divine what is to come. It's a reminder for forecasters of all stripes to remain humble; no one has a crystal ball.

That said, there is still value in analyzing the future prospect of an investment. Prediction may be difficult, but it's not impossible. Done right, it can result in profits made or losses avoided.

Which brings us to the Canadian dollar.

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About Author

Andrew Hepburn

Andrew Hepburn  Andrew Hepburn is a freelance financial writer based in Toronto. He writes about investments, market trends and personal finance. He has written for Maclean's, the Globe and Mail, RateHub.ca and Canadian MoneySaver.