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The government is under substantial pressure to put the loonie under the US dollar, to stop some of the problems that have cropped up. The bank of canada, while it is an independant organization, can also feel the pressure. I would expect to see maybe a 0.25% drop in interest rates just to signify that they aren't going to tolerate such a high value loonie.
The downside is that as the loonie drops, the price of gas at the pumps goes up.
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