Clearnet, the Canadian wireless play (CLNTF) Message Board

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Technology Stocks : Clearnet, the Canadian wireless play (CLNTF)

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To: skycapten who wrote (28)	10/26/1997 8:51:00 AM
From: Ian Murray	Read Replies (2) of 214

Bill, I thought the Canadian dollar was already devalued! I am not too savvy in the financial markets, either, but if you mean by "devalued" that the Canadian government might directly intervene to devalue the currency, I think the chances of that happening are about the same as palm trees in Ottawa in the winter. If you mean that the international currency traders might engage in a sell off of Cdn dollars, thus driving down the price, who knows, but I can't see why the tumbling stock markets in Asia could make that happen. The Canadian dollar already trades at a substantial discount vis a vis the US dollar - what is it, about $.73?

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