{"id":520620,"date":"2010-04-08T11:01:00","date_gmt":"2010-04-08T15:01:00","guid":{"rendered":"e2249889-c78b-43e3-9643-b1d7d4aa587b:420362"},"modified":"2010-04-08T11:01:00","modified_gmt":"2010-04-08T15:01:00","slug":"loonie-overvalued-says-ubs-strategist","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/520620","title":{"rendered":"Loonie overvalued, says UBS strategist"},"content":{"rendered":"<p>The loonie may have drawn even with the greenback this week, but parity is not likely to be the new reality of the Canadian dollar, says George Vasic, a strategist at UBS AG. <\/p>\n<p>&quot;Given the UBS view of US$80 oil and 1.25 EURUSD in 2011, our outlook sees the loon on an eventually lower flight path, with the CAD averaging 0.95 this year and 0.91 in 2011,&quot; Mr. Vasic said in a note to clients.&nbsp;<\/p>\n<p>Even with oil hovering around US$85, the Canadian dollar is at least 10\u00a2 overvalued based on the current level of commodity prices, he said. <\/p>\n<p>&quot;Stated otherwise, when the CAD last hovered around parity in the first half of 2008, the oil price averaged US$111, and commodity prices overall were about 30% higher.&quot;<\/p>\n<p><a href=\"mailto:dpett@nationalpost.com%20\">David Pett <\/a><\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/network.nationalpost.com\/NP\/aggbug.aspx?PostID=420362\" width=\"1\" height=\"1\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The loonie may have drawn even with the greenback this week, but parity is not likely to be the new reality of the Canadian dollar, says George Vasic, a strategist at UBS AG. &quot;Given the UBS view of US$80 oil and 1.25 EURUSD in 2011, our outlook sees the loon on an eventually lower flight [&hellip;]<\/p>\n","protected":false},"author":4060,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-520620","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/520620","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/4060"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=520620"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/520620\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=520620"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=520620"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=520620"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}