this is a bunch of nonsense.

junk economics....

the dollar is stronger because oil prices are coming up. the strong spike this week is actually due to the hurricane. and, so long as american policy is tied to increasing oil prices - which appears to be the case - we can expect the canadian dollar to come up.

any effects that the rate hikes have will be self-fulfilling but very short term. that is, the bank can manipulate investors into doing what it wants, but this is just conditioning within a process of mental herding. if you could condition investors to donate money to charity whenever there's a rate hike, they'd do it - but it's just an exercise in propaganda. that would perhaps be a better use of state resources.

it is absolutely true that the country's export industries, which are largely located outside of the west, are in an existential struggle with the country's oil industry and that if it weren't for depleting resources it might be reasonable to predict dissolution over it. canada was intended to be an economic union; it's purpose hinges on the plausibility of economic co-operation and mutual well-being.

for now, you should expect the dollar to continue to rise - regardless of what the feds do.

https://beta.theglobeandmail.com/report-on-business/economy/canadian-dollar-briefly-surges-past-81-cents-as-economy-booms/article36151461/?ref=http://www.theglobeandmail.com&