Forget oil – this is the commodity that will lead the loonie’s next moves - The Globe and Mail

A Globe and Mail market column argues that commodity price strength and ultra-low U.S. interest rates should push the loonie higher in the coming months. It notes the Canadian dollar has rallied about 10% since the March equity lows to near 76 U.S. cents, while still lagging other developed-market currencies this year.

The author also flags that short-term speculative enthusiasm for the loonie may have gone too far.