Traders Are Suddenly Getting Anxious About the Loonie's Plunge
- Implied price swings top historical measure by most in G-10
- Pressure grows on central bank to act to spur economic growth
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Canada’s government bonds boast the world’s highest debt rating. The nation’s dollar is trading like it’s an emerging-market currency.
A measure of short-term implied volatility exceeds historical swings for the currency by the most among Group of 10 nations, according to data compiled by Bloomberg. The leading culprit is crude oil, Canada’s largest export until this year, which has plunged to a six-year low after the Organization of Petroleum Exporting Countries failed to rein in production.