Those expecting the imminent Canadian dollar parity with the U.S. dollar should consider another phenomenon: the rise of the U.S. dollar on world markets.

Ashraf Laidi, chief market strategist at brokerage CMC Markets in London, doubts, moreover, that the dollar will reach parity with the greenback. And if there is parity, by the end of June, it was of short duration and will be followed by a decline in the Canadian currency. Thereafter, the dollar could fall as low as $ 0.90 U.S., says he. (more...)