Canadian dollar ‘big winner’ with more quantitative easing

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bujjai

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Canadian dollar ‘big winner’ with more quantitative easing

posted on Aug 31, 2010 03:15PM

TUESDAY, AUGUST 31, 2010

Canadian dollar ‘big winner’ with more quantitative easing

While the Canadian dollar will benefit, it will not be the 'big' winner. Gold has consistently outperformed all fiat, including the Loonie, since 2000. Expect this trend to continue as long as devaluation through perpetual stimulus remains the official solution.

If the Fed pursues another round of quantitative easing, the Canadian dollar may be the big winner. The loonie has tended to perform fairly well following previous QE episodes, according to Barclays strategist Paul Robinson.