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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (83222)	8/22/2000 10:00:10 PM
From: Earlie	Respond to of 132070

Ild: With respect to the CDN dollar, I am not sure. Canada tends to be seen as a commodity situation by U.S. traders and as a "junior U.S." scene by European traders. The economy up here has been percolating well of the last few years and most levels of government have been actively tackling deficits for some time now and doing a good job of same. I personally think we are in better shape than is generally recognized, but in the markets, perception is everything. Canadian institutions are generally a bit more conservative than their American counterparts. We are also saddled with some regs that mildly restrict the amount of dough that they can place outside of Canada (although things have changed a great deal on this front over the last decade). Typically, this means that there is less mo-mo activity up here (a plus) but it also equates with too much money sometimes chasing too few stocks, which tends to drive the stock of our major companies well up the scale (witness the space probe of Nortel's stock). A reality for Canadians is that "when the U.S. sneezes, Canada catches pneumonia". Our stocks will trade in lock step with their U.S counterparts, especially if things let go It will be interesting to see how things unfold this time round. Best, Earlie