Rolatzi:
Just some comments from one Canadian on board.
haven't heard one explanation for
the dollar's plunge that makes sense," says Don Drummond, chief
economist at the Toronto-Dominion Bank.
Of course he hasn't seen real figures for his or any other Canadian bank for as long as pro forma has been around. Since the merging of the banks, trusts and brokerages, the checks and balances aren't there.
If economists were flummoxed, Finance
Minister Paul Martin was practically
pleading for answers.
He could come to this thread and get the real answers, but he wouldn't like them. Starts with getting head out of ass and maybe we can progress from there.
Jeff Rubin, chief economist for
CIBC World Markets
See above two answers
Martin insisted policies
aimed at strengthening the economy will eventually buck up the dollar.
Martin's only policy is to collect his fat paycheque and make it fatter, perhaps by becoming PM. I know MP's pension's are indexed, but don't think there is anything except taxes to back the funding of their pensions. And of course there are many who served their six years and will be collecting on this until the country goes broke.
it's a long-term recovery strategy
Well, his is, see above answer<LOL>. As for the recovery of the dollar, it will rise with gold or with the fall of the US$. Martin and any strategies he may come up with for the actual currency aren't worth a loonie, which is to say my TP is worth more.
But I'm not a bitter cynic.
Bob |
