Will the Canadian dollar catch up with the American Dollar? When will that be? What would cause this?
Answer:
Don't know
Who knows?
The answer to your 3rd question is, however, answerable.
If Canadian investment becomes even more attractive (the oil sands right now are a major investment attraction); the CAD will appreciate.
If they raise rates (or the US lowers them), the CAD will also appreciate.
Either of those scenarios could cause the currencies to even out.
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