Further predictions that a low Canadian dollar is here to stay for a while, and may go lower than the current 80 cent range. At least that macro factor bodes well for us.

Hopefully CUU's 15-cent share price is NOT here to stay for a while...

The Canadian dollar: A 'dog on a leash' that's headed as low as 76¢

Some currency watchers expect the Canadian dollar to tumble to well below 80 cents U.S., lending a helping hand to exporters but causing some issues for others.

It was hovering just below 80.5 cents today.

Recent forecasts may range, but they’re all below the 80-cent mark.

Royal Bank of Canada projects the loonie will tumble to just above 76 cents by the third quarter, from its year-to-date average of 81 cents.

Canadian Imperial Bank of Commerce forecasts a 79-cent currency by the end of this year, and Bank of Nova Scotia is close to that at about 79.5 cents.

Société Générale projects it will be somewhere between 77 cents and just below 78 cents any day now.

“The crude export trajectory is crucial as, over the medium term, the Canadian dollar is 93 per cent correlated with its terms of trade, which, in turn, is highly correlated with the price of WTI - the CAD is very much a dog on a leash,” Kevin Hebner, chief foreign exchange strategist at JPMorgan Chase & Co., said in a new report.

He was referring to the loonie by its symbol, and to West Texas Intermediate, the U.S. crude benchmark that he projects will end next year at $67 a barrel.

That, in turn, would be “consistent” with an 87-cent dollar, which is higher than some other forecasts, but it's also 18 months from now.

http://www.theglobeandmail.com/report-on-business/top-business-stories/the-canadian-dollar-a-dog-on-a-leash-thats-headed-as-low-as-76/article24775414/?ref=yfp