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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: Sun Tzu who wrote (88604)	4/1/2003 8:08:13 AM
From: Brumar89	Read Replies (2) \| Respond to of 281500

Saw it. What I was getting at is your original post said: Bush coming to office has been the greatest thing for the Canadian dollar? I it's been on an up trend ever since and if I'd converted everything I own into Canadian dollar when Bush came to office, I'd now be having gains comparable to what a good bull market could have done. Since Bush came into office in January 2001, a US$ then would have gotten you $1.5032 Canadian. Converting that back to US$ this past month, $1.5032 Canadian would get you US$1.018399. I wondered whether you were assuming something else in addition to just switching currencies to get a big gain. I work for a company that drills in Canada so I notice the exchange rate. It's moved up the last few months. Perhaps the oil and natural gas price rise had something to do with that. The upstream business is a bigger part of the Canadian economy.