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Non-Tech : Canadian vs. US Banks--Better PE and rising C$
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To: marcos who wrote (115)6/26/1997 8:30:00 PM
From: Zirdu   of 230
 
Thanks for the news flash. The news release stated that the main purpose of the rate hike was to support the Canadian Dollar. It appeared to have that effect today.

Do you know if more rate hikes are widely expected in Canada? It seemed to me that Candian short rates had no where to go but up.

For me, as a US dollar investor, it is a two edged sword. Higher rates helps in the currency translation, but may hurt the interest rate stocks like banks.

RR
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