Economists warn of perfect storm hitting weak Canadian dollar as 2025 looms [Video]

Economists are warning there could be more trouble for the Canadian dollar in 2025.

For the last few weeks it has been trading below US$.70 and some market watchers say it could go lower.

“The first thing to point to is the difference between interest rates in Canada, in the United States, and the very simple fact if you’re an investor, you can get about, more than a per cent more, a percentage point more, putting your money safely in the United States versus Canada,” Robert Levy with Border Gold told Global News.

“So that’s one thing with immediate weakness on the Canadian dollar. Another story that’s really front of mind, what’s going on with incoming president-elect (Donald) Trump and trade uncertainty that weighs on the loonie, just the economic outlooks for Canada versus the United States.”

Levy said with the uncertainty going into 2024, investors are voting for safety …