Posthaste: The loonie is soaring above forecasts and come Wednesday could fly even higher

The Canadian dollar has climbed about 4% since its federal-election low of 78 cents, reaching roughly 81 cents. Money markets now expect the first rate increase by April and nearly 100 basis points of tightening next year.

Inflation was 4.4% in September, and WTI crude traded near $83.76 a barrel.