New prediction says loonie could sink to 59 cents U.S.

Wed, Jan 13: The loonie has been sliding since 2011, but now it has closed below 70 cents U.S., and at least one analyst is now predicting the Canadian dollar could slip as low as 59 cents U.S. That would make history, and as Vassy Kapelos reports, it’s creating dark clouds over Prime Minister Justin Trudeau’s sunny ways.

• Canadian dollar remains below 70 cents US
• Canadian dollar closes below 70 cents U.S. for first time in nearly 13 years