Canadian Dollar Message Board

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Strategies & Market Trends : Canadian Dollar

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To: Jeffrey Shaw who wrote (30)	4/5/1997 12:50:00 PM
From: Rob Toor	of 103

Hi, Jeff. Do you think it is a good time to buy options on the Cdn Dollar? Sure the Fed may raise rates one more time, however, the pressure is there for the B of C to raise rates. At this time, the dollar is at 71.89, with the spread between the US and Cdn rates being quite substantial. US bond yields have already factored in a raise in interest rates, however the Cdn bond market is just about to begin to. When Cdn market factors the increase in, we will see the dollar shoot up. On the other view, the B of C will not let the dollar fall below 71.8. They will intervene. They have enough reserves to interven substantially. One Qustion: What is the best way to play Long bonds decreasing in prices? Puts or short selling? If puts, do you know of any tickers specifically on the MSE? Thanks Rob

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