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The Looney: Looney Will Stabilize at U.S. $ 0.96; Looney Should Ideally Fall and Interest Rates Should Not Rise; Opposition to Adopting the Greenback at All Time High; Outgoing Bank of Canada Governor Earns Accolades
A Weekly BDO Dunwoody CEO Business Leader Poll by COMPAS in the Financial Post

In an overview of exchange rate forecasts and assessments, interest rate policy, and David Dodge’s performance as Governor of the Bank of Canada, the COMPAS panel of CEOs and business leaders reached the following conclusions:

• The looney is apt to stabilize at U.S. $ .96;
• The ideal rate is U.S. $ .87 and the looney should ideally decline in value gradually;
• The Bank of Canada should not increase interest rates;
• Governor Dodge earns very high performance scores; and
• Opposition to adopting the U.S. dollar reaches record levels.

These are the key findings from the current web-survey of the panel of CEOs and business leaders undertaken for the Financial Post under sponsorship of BDO Dunwoody LLP.