US Dollar Versus Chinas Renminbi

Does the Loonie Trump the Greenback Yet?

Peter Hall | Posted 01.23.2013 | Canada Business
Peter Hall

Mention exchange rates and most Canadians will immediately assume U.S. dollars. With most of our trade still denominated in USD, the fixation is natural. China is seen by many as an upcoming reserve currency, but that day is still a long way off. On both Canadian and world stages, the greenback still takes the lead role. But as we move into the next growth cycle, others will play increasingly significant supporting roles.