There are some short-term tailwinds for the Canadian dollar: currency analyst

For 2024, there are some short-term tailwinds for the Canadian dollar as central banks cut rates and the US dollar falls broadly, says Adam Button, chief currency analyst, Forexlive. Button predicts a 5 per cent to 6 per cent uptick in the loonie in the second half of the year. He says domestic factors such as the housing market and immigration levels will weigh on the dollar. Subscribe to BNN Bloomberg to watch more videos: https://www.youtube.com/BNNBloomberg Connect with BNN Bloomberg: For the latest news visit: https://www.bnnbloomberg.ca For a full video offering visit BNN Bloomberg: https://www.bnnbloomberg.ca/video BNN Bloomberg on Facebook: https://www.facebook.com/BNNBloomberg BNN Bloomberg on Twitter: https://twitter.com/bnnbloomberg BNN Bloomberg on Instagram: https://www.instagram.com/bnnbloomberg BNN Bloomberg on LinkedIn: https://www.linkedin.com/company/bnn-bloomberg -- BNN Bloomberg is Canada’s only TV service devoted exclusively to business, finance and the markets.