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Gold/Mining/Energy : Churchill (CUQ), PE of 3!
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To: speculatingvalue who wrote (72)10/17/1998 2:15:00 PM
From: Michael M. Cubrilo  Read Replies (1) of 264
 
Steve, I agree with your comments. The only thing I would add about Canada's debt (balanced budget now...) is that we still have one of the highest, if not the highest, per capita debt in the world - much more than the US.

Basically, much of Canada (other than Ontario) is not much more than a developed third world country as much of our economy is resource based - lumber, coal, oil, fish, etc... and I agree that the lower C$ will benefit our trade and export numbers. I also agree that interest rates will drop. What are your thoughts on how low the C$ can go?

mike
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