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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: Eva who wrote (80713)	4/13/2007 1:32:34 PM
From: Canuck Dave	Read Replies (2) \| Respond to of 312405

I've got a lot of cash again from selling the ADM and feel like clearing out all the CKG at the ask up to $7.95 "just for the hell of it". Patience!!! CD

To: Eva who wrote (80713)	4/13/2007 1:45:41 PM
From: goldsheet	Read Replies (2) \| Respond to of 312405

RE: Late 60's, early 70's, canadian dollar was higher than Us $ if I am not totally mistaken. Historic Annual Average Exchange Rates $CA > $US - 1952-1960, 1972, 1974, 1976 REF: fx.sauder.ubc.ca

To: Eva who wrote (80713)	4/13/2007 10:45:46 PM
From: Cogito Ergo Sum	Respond to of 312405

No you are not mistaken at all... Early 70s I had my first car.. I was under 20 :O) I drove down to Pyramid Mall Platsburgh to buy a stereo where they were cheaper... installed it in the parking lot.. ;o)

To: Eva who wrote (80713)	5/18/2007 8:39:04 AM
From: Rocket Red	Respond to of 312405

Loonie hits highest level since 1978 TAVIA GRANT Friday, May 18, 2007 The Canadian dollar hit its highest intraday level since 1978 on Friday, and many strategists believe the currency has further to go. The loonie touched 91.47 cents (U.S.) on Friday, surpassing last May's high of 91.44 cents. The last time the loonie was this strong was on Jan. 4, 1978. The currency's gained 6.4 per cent this year against its U.S. counterpart – one of the strongest performances by any major currency. Several factors have greased the currency's gain, among them strong economic data, a pickup in core inflation, increased merger-and-acquisition activity and rising commodity prices. “There really isn't much reason to be bearish about the Canadian dollar right now,” said David Watt, senior currency strategist at RBC Capital Markets. He sees the loonie strengthening to 92.50 cents in the third quarter of this quarter. He said Friday's move occurred in London, when traders got into the office and saw oil prices at a three-week high. The loonie has since pulled back from its intraday high, recently trading at 91.23 cents. The loonie's rise comes as the economy is heating up. Two economic reports over the past two days have topped expectations. A retail sales report Friday more than doubled expectations, surging 1.9 per cent in March as Canadians bought more cars. On Thursday, a report showed core inflation rose the most in four years, increasing the odds of higher interest rates in Canada. The rising cost of homes was the main reason for the increase. A stronger loonie is welcome news for travellers heading south and a vote of confidence in Canada's economy. It spells more pain, however, for Canadian factories because it makes their goods more expensive when sold abroad. Manufacturers have cut 89,400 jobs over the past year. Now, the loonie's latest ascent has reignited talk of parity. Predictions that the currency will reach equal value with its U.S. counterpart surfaced last May too, when the loonie hit a 28-year high against the greenback. But the loonie subsequently eased and speculation subsided. It's back now, however. Economists at National Bank Financial, Bank of Montreal and Canadian Imperial Bank of Commerce have all mentioned the parity word in notes over the past week. Last Friday, BMO predicted the loonie could hit parity by the autumn. It cited five factors underpinning the loonie's recent gains: a weaker U.S. dollar, rising commodity prices, capital inflows stemming from mergers and acquisitions, changing market sentiment and a shift towards tightening by the hawkish Bank of Canada. © Copyright The Globe and Mail -------------------------------------------------------------------------------- Copyright © 2007 CTVglobemedia Publishing Terms of Service \| Privacy Policy \| Legal Policy