Looney in for tougher times

(October 25 – 17:10 ET) –
Economists at National Bank
Financial – the new group
formed by the merger of
Lévesque Beaubien Geoffrion
and First Marathon Securities
– predict tough times for the
Canadian dollar in the short to
medium term.

NBF’s analysts say that despite
the recent recoveryof the
Canadian dollar there’s not a
lot of good support for it on the
horizon. It doesn’t expect that
there will be much more upside
movement in commodity prices to
push the dollar higher.