Season three of the 10-Minute Take is here, and we’re kicking things off with a deep dive into a hot topic—the Canadian dollar’s dramatic dip against the U.S. dollar, to levels unseen since the pandemic.

In this episode, RBC Economics’ Claire Fan and Carrie Freestone break down:

• The key drivers behind the loonie’s recent slump.

• What this means for inflation in the current economy.

• Where we think the currency is headed in 2025.

Tune in to hear why we don’t expect the Bank of Canada to bat an eye, and how Canada’s strong net international investment position will be particularly helpful.