In his latest forecast, Charles St-Arnaud of Nomura, who has followed the Canadian currency for a long time, projects the loonie will sink to just above the 84-cent mark by the second quarter of 2015.

Or, looked at the other way, that the U.S. dollar will rise to $1.19, up from his earlier projection of $1.15.

http://www.theglobeandmail.com/report-on-business/top-business-stories/canadian-dollar-seen-sinking-to-84-but-at-least-its-not-russias-ruble/article21493049/