Hemisphere Capital Management Inc.


The Mighty Loonie

Since the start of 2007, the Canadian dollar has strengthened upwards of 20% against the U.S. dollar. When the loonie hit parity in September, Canadians paused for a modest (typically Canadian) celebration. During early November, our dollar continued its climb eventually spiking to $1.09, a level not seen since the 1870’s. From its low five years ago, the loonie has experienced a 65% gain. The mighty loonie seems to have given Canadians a new sense of confidence.