The Royal Bank of Canada has revised upward its earlier prediction of the Canadian dollar's pace of decline. Photo: Bloomberg The Royal Bank of Canada has revised upward its earlier prediction of the Canadian dollar's pace of decline. Photo: Bloomberg
The Royal Bank of Canada has revised upward its earlier prediction of the Canadian dollar's pace of decline. Photo: Bloomberg

Worst to come for Canadian 'loonie' as oil prices fall

Loonie at five-year low against the US dollar as the energy-dependent economy is badly hit by oversupply and weak demand in the oil sector

The Royal Bank of Canada has revised upward its earlier prediction of the Canadian dollar's pace of decline. Photo: Bloomberg The Royal Bank of Canada has revised upward its earlier prediction of the Canadian dollar's pace of decline. Photo: Bloomberg
The Royal Bank of Canada has revised upward its earlier prediction of the Canadian dollar's pace of decline. Photo: Bloomberg
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