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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: energyplay who wrote (21747)4/20/2003 5:49:11 PM
From: Tommaso2 Recommendations  Read Replies (1) of 206151
 
The Canroy distributions are in Canadian dollars, so any rise in those automatically raises the US distribution. Likewise, the stock prices adjust automatically with the change in exchange rates. The national bank of Canada is raising interest rates to prevent inflation. The US is doing nothing to prevent inflation. The US dollar is hugely overvalued and the trade imbalance is disastrous and increasing. If the Candadian dollar rises to par with the US dollar, Canadians will pay what they already pay for energy; US buyers will have to pay 50% more to buy that Canadian energy.
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