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 T5018 Fillable 2022-2025

T5018 2022-2025 Form

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all right so the Canadian dollar just wrapped up its fourth straight week of losses against the US dollar today I want to dig into why our dollar is struggling so much what the bank of Canada's latest moves mean and because it's just a week away I'm also going to look at how the US presidential election could make things worse so let's get into some key numbers here on Friday last week the Canadian dollar dropped to its lowest point in nearly 12 weeks sitting now at around $139 to the US dollar or about 72.0 five us sense so what's behind this uh losing streak that we're seeing here well one of the biggest drivers probably the biggest driver is the Bank of Canada's decision last week to cut interest rates by 50 basis points that took the Benchmark rate down to 3.75% and it wasn't a small cut it was the first cut of that size in 15 years if we uh go outside of the pandemic era so certainly it caught a lot of attention what

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