{"id":711994,"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.com\/index\/711994","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":2571,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4821],"tags":[],"class_list":["post-711994","post","type-post","status-publish","format-standard","hentry","category-news"],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9NivD-2ZdM","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/711994","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/users\/2571"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/comments?post=711994"}],"version-history":[{"count":0,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/711994\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/media?parent=711994"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/categories?post=711994"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/tags?post=711994"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}