How to steer your finances around a weak loonie or even get ahead – National [Video]

The loonie is struggling, putting a premium on anything Canadians buy that comes with a price tag in U.S. dollars.

With the Canadian dollar languishing around 69.5 cents US — floating near four year lows compared to the American greenback — experts say there are some steps consumers, investors and travellers can take to ease the financial stress of a weak loonie, and maybe even get ahead.

The Canadian dollar has lost roughly five cents in value compared to its U.S. counterpart over the past year.

There are a number of compounding reasons for the loonie’s struggles, from a growing gap in policy rates between central banks on either side of the Canada-U.S. border to fears of president-elect Donald Trump’s threatened tariffs and other political upheaval.

Experts who spoke to Global News see a cloudy picture for the exchange rate in 2025, though forecasts for an economic rebound in …