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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 368.31+0.6%Nov 7 4:00 PM EST

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To: Canuck Dave who wrote (22965)9/23/2007 11:37:38 PM
From: energyplay  Read Replies (1) of 217627
 
If we assume the Loonie will keep rising, one way to play it is Canadian Banks. They have huge portfolios of mostly CDN loans.

Like Royal Bank of Canada (NYSE: RY, TSE: RY)

or Bank of Nova Scotia (NYSE: BNS, TSE: BNS)

Both with 3.3 to 3.4 % dividends and P/Es of 13.

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The next way to play would be a Canadian retailer which imports but does not have competition from people able to drive to the US. I don't know enough about Canada to suggest one.

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Sooner or later exporters will scream loud enough to stop the rise of the Canadian dollar. I expect that will happen before $1.10 .
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