The value of the loonie hit a four-month low compared with the U.S. dollar on Wednesday, but some experts say Canadian consumers shouldn't expect their wallets to take a major hit.
The Canadian dollar traded at 72.54 U.S. cents on Wednesday, the weakest level in more than five months.
"This is pretty small potatoes in terms of the inflation rate. We're talking a decimal place here or there," Shenfeld said. "Given the choice, I think Canadians would be happier not to see another rate hike than to protect the Canadian dollar from another cent or two slide," he said.
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