Not so sure.....the Loonie is typically tied to commodity prices.....and many commodities have had a pretty strong bounce off of their bottoms (nat gas, CU, met coal, even crude oil).

And the US dollar has already had a huge run....to the point that the US dollar is now whacking corp profits (and GDP growth).    Everyone already "knows" that US rates are gonna go "up".  Inclined to think that is already baked into the US dollar....