Canadian dollar will likely stay weak for months: expert [Video]

The Canadian dollar will remain weak through at least the end of this year, some experts say, though a rebound could come in 2025.

After falling to a four-year low last week, the loonie was up slightly Monday at 71.18 cents U.S. But it still remains lower than it has been since the early days of the COVID-19 pandemic, and is nearly four per cent below where it was trading in September.

Katherine Judge, director and senior economist with CIBC Capital Markets, said she expects the Canadian dollar to hover around current levels for the remainder of the year.

“We haven’t seen these levels in a long time. I think we have certainly breached a level that is worrisome,” Judge said.

“There’s a lot of factors at play and a lot of uncertainty over the next few months.”

The loonie’s slide comes as the U.S. greenback is soaring on the …