Quote:
Originally Posted by CroFlames
This seems like as good a place as any to ask the question:
What are some predictions for the exchange rate? CAD continue to tumble? It's been rising slightly over the past week.
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I think this is a dead cat bounce.
Price of oil is going to continue to drop along with the Canadian Dollar. My predictions? WTI at $18 by this spring, making WCS close to worthless and Canadian dollar close to 60 cents. Then we'll see a long and slow recovery. I think end of 2016 we'll see oil back up to current levels then back up to the 40s some time in 2017. The recovery will top out at 60-70 and that's it in my opinion. I think it holds steady at that level until the late 2020s and then the final crash to oil prices as the world becomes more energy efficient.
This is all, of course, my opinion.