Loonie poised for quick reco
Newsbot @ Fri Oct 24, 2008 12:50 pm
Title: Loonie poised for quick recovery: economist
Category: Business
Posted By: RUEZ
Date: 2008-10-24 11:22:13
Canadian
DrCaleb @ Fri Oct 24, 2008 12:55 pm
That's a trooper. Get a little soft, then recover quickly.
RUEZ @ Fri Oct 24, 2008 1:11 pm
DrCaleb DrCaleb:
That's a trooper. Get a little soft, then recover quickly.
That just sounds dirty.
DrCaleb @ Fri Oct 24, 2008 1:32 pm
RUEZ RUEZ:
DrCaleb DrCaleb:
That's a trooper. Get a little soft, then recover quickly.
That just sounds dirty.
It was supposed to.
At least my sense of humour amuses me.
tritium @ Fri Oct 24, 2008 2:15 pm
DrCaleb DrCaleb:
That's a trooper. Get a little soft, then recover quickly.
RUEZ @ Fri Oct 24, 2008 2:17 pm
This article explains why our dollar has dropped so significantly so quickly. I was always a little confused considering our economy is doing better then most.
uwish @ Fri Oct 24, 2008 2:42 pm
commodity based
RUEZ @ Fri Oct 24, 2008 2:49 pm
uwish uwish:
commodity based
$1:
Instead, it's a wave of ‘forced' U.S. dollar and yen buying to cover short positions created by other asset price developments.
dog77_1999 @ Fri Oct 24, 2008 2:53 pm
RUEZ RUEZ:
uwish uwish:
commodity based
$1:
Instead, it's a wave of ‘forced' U.S. dollar and yen buying to cover short positions created by other asset price developments.
Both are correct. Everyone is fleeing to the US dollar (and paying back the Kerry trade for the yen). The drop in all things commoddities will hurt the Loonie, as Canada's economy has grown more dependent on commodities. Though to be fair, Canada's long term positioning is better.