C$ - The Peso of the North? Message Board

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Pastimes : C$ - The Peso of the North?

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To: Tupulak who wrote (163)	11/18/2000 7:53:20 PM
From: SofaSpud	of 177

Re: effect on U.S.$ investments. Good point. In '97 the fundamentals were looking awesome for the C$. I thought, OK, if my US investments go up 15%, and the C$ goes up 10%, then my US stuff doesn't look so good. So I started lightening up. God, that was stupid. Our trade balance was looking so good because our recovery lagged theirs; we were exporting lots to fuel their expansion. Once that money trickled through our economy, we made up by hugely increasing our imports. End of upward pressure on the currency. So I sold out of the last two years of the bull in the States, and kept the money at home. Dumb, dumb, dumb ......

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