Reversal in China’s credit growth a big risk to the loonie

April 29, 2016 Business News Network


The Canadian dollar touched 80 cents U.S. as GDP numbers were released pre-market, but fell back below that level shortly after. Cambridge Global Payment’s Karl Schamotta tells BNN what we’ll need to see for the loonie to break 80 cents and why China’s credit growth poses a huge risk to our dollar’s strength.

Watch the full interview here: