With currency investors' risk appetites improving, this strategist sees an opportunity up north.
Amazingly, Europe has generated some positive news in the past few days, and for risk-on currencies, that's a good thing. But not all have benefited equally, says Amelia Bourdeau, director of foreign exchange at Westpac Institutional Bank.
"The Canadian dollar lagged the move stronger that we saw in the commodity currencies," she told CNBC's Scott Wapner. That's one reason Bourdeau views the loonie as a better play on risk sentiment than the euro.