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Thread: USD/CAD
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  #873 (permalink)  
Old 12-18-2007, 05:50 PM
mrod3360 mrod3360 is offline
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Join Date: Jun 2007
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mrod3360 is an unknown quantity at this point
Wink I do Agree! BUT!
If you listen to the Dodge language . The BOC is clearly not happy with the CAD under parity . In there text they pointed out that this was not acceptable and ONE of the reason's for the 25 cut. You watch how the rhetoric starts when and if it goes below parity again.. Also keep in mind the only part of the cad economy doing well is the oil sector. If you really look into the numbers many of the industries are suffering.

More money in the up move the downside is very limited. Speculators took it to far to the downside. Remember it is up 10% from the low.. You have at least another 3 to 5 % up

Mike
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