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To: Mark Bartlett who wrote (44912)	11/12/1999 8:20:00 AM
From: Enigma	Respond to of 116795

I think you can still invest 100% in foreign index funds - because the money is invested first in Canadian T.Bills which are then used as collateral for index options.

To: Mark Bartlett who wrote (44912)	11/12/1999 8:56:00 AM
From: long-gone	Respond to of 116795

OT <<The rule sucks - but not much one can do about it. >> GAWD this really SUCKS!!I thought we were taking Japan to task because their investment, insurance, banking communities are not open. Here in our own back yard, our "friends" in Canada are playing the very same game! Do fully "International" banks operate in Canada? Well, I guess I can't invest in Cuba, directly. Maybe there are "restrictions" on us, but I could buy all the shares of any company on any exchange I wish with my IRA. Is there a mutual fund managed there which represents ONLY shares traded in the US? Perhaps a "currency & commodity fund" without C$? How about a bank which mostly invests outside Canada? There MUST be some way around this stupid law. Not that I'm saying the C$ or the companies of Canada are bad, far from it, just freedom is good.

To: Mark Bartlett who wrote (44912)	11/12/1999 1:43:00 PM
From: Alex	Respond to of 116795

Rothschild looks to commodities revival By ELI GREENBLAT RESOURCES Saturday 13 November 1999 A rebound in the economies of emerging nations and a recovery in global industrial production will be the driving forces behind stronger commodity prices, says a report from the private bank and finance group Rothschild. But Rothschild's Resource Roundup warns that long-term prices for key base metals could be threatened by excess supply. It says China would have a major bearing on the future direction of some commodities. The Middle Kingdom accounts for roughly 10per cent of global metal consumption and a larger proportion of refined production. "China faces a period of enormous economic change, and how well and smoothly it manages this change will have a significant bearing on the global economy generally and metal markets in particular," says the report. Rothschild's report notes that if the present reform of China's state-owned metal industry is successful, it could trigger an expansion of demand for metal, and a platform for rapid economic growth. Hope for rising base-metal prices also rests in the other Asian countries, with Rothschild forecasting South Korea and Singapore will expand rapidly in the near term. Latin American economies should enjoy a renaissance of sorts next year, with a turnaround in Brazil and Mexico the key to the region's success. Rothschild also predicts that: Nickel production cuts of more than 100,000 tonnes will induce a higher price in the short term, though much of this production will probably be reactivated as the price rises. Stronger demand growth for aluminium will probably match additional smelting capacity and leave the market near balance through the remainder of 1999 and 2000. theage.com.au