Trading at a four-year low and suffering its worst week since last June, the Canadian dollar has come under pressure against a basket of G10 currencies -- and strategists are warning this could only get worse as Canada's economy falters.
The Canadian dollar (CAD) traded at $1.0895 on Monday morning - levels not seen since September 2009 - and has fallen 2.37 percent already since the start of January.
Chris Walker, foreign-exchange strategist at Barclays told CNBC Monday that the story in Canada is compelling for currency traders, and is expecting the Canadian dollar to fall lower.
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"All of the stars have aligned quite nicely," he said. "We've had evidence of a lot more slack in the domestic economy than we previously expected, that's feeding through into low inflation."