The Canadian dollar often rises when risk appetites are high - but this strategist says it's a safe haven against the messes in the U.S. and Europe.
O, Canada.
Your currency rides the ups and downs of oil prices, and often loses ground when risk aversion takes hold. But Andrew Busch, global currency and public policy strategist for BMO Capital, says the loonie should be a safe haven while the U.S. and Europe try to sort out their various debt messes.
The Canadian dollar has "everything that everybody wants as far as a safe haven," Busch told CNBC's Melissa Lee. "It's got a country that's got strong finances, it's got an economy that's doing pretty good, and it's got a central bank that's likely to raise rates sooner rather than later."
