Bank of Canada warns surging loonie could pose risk to economic outlook
(financialpost.com)
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Our M0 nearly quintupled in the past 12 months
https://tradingeconomics.com/canada/money-supply-m0
As opposed to USD where they only expanded by about 1.5 times
https://tradingeconomics.com/united-states/money-supply-m0
There's no way CAD is getting stronger in the international market
Yet, somehow this is the case.
The loonie gained 10 cents since April. Last time it was at 79 cents was in April 2018.
I'm not talking about the CPI. The US Dollar lost value compared to the Canadian Dollar since April of last year.
It does to some degree include them. There are items like shelter or household operation included in the CPI, which account for how much Canadian pay for electricity or their mortgage.