Oct 23 · 2:14:00 PM · Source: Bloomberg

Investors should buy the Canadian dollar because its current decline is unlikely to last and central-bank warnings against its appreciation will probably have "limited" impact, according to Citigroup Inc.
"We believe the Canadian dollar vulnerability should prove fleeting," strategists Todd Elmer in New York and Michael Hart in London wrote in a note to clients today. "Canadian data is consistently surprising on the upside and Canada’s fiscal position is better than that of its peers."

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by Michael Oliveto