The loonie drops below parity with the greenback for the first time in nearly 3 months. A recent...

|By:, SA News Editor

The loonie drops below parity with the greenback for the first time in nearly 3 months. A recent dovish turn (following a hawkish one) by the Bank of Canada may have something to do with it, but - a bit like the aussie - the loonie moves to the tune of risk markets. When stocks struggle, so do those currencies. FXC +2.1% YTD.