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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: onepath who wrote (44451)	7/10/2007 5:59:44 AM
From: Bearcatbob	Read Replies (1) \| Respond to of 78419

"does that automatically mean the U.S. has solved their dollar problems just because Canada has?" Our internal corrections are just beginning. Continual increases in exports are one major indication of the transition.

To: onepath who wrote (44451)	7/10/2007 10:13:41 AM
From: E. Charters	Read Replies (1) \| Respond to of 78419

We are paying much more with a higher currency. A high currency may kill Canada eventually. We sold 600 of our largest businesses last year. That is not too much, is it... With the low currency we paid with NAFTA which just would not credit cross border resource trades that they paid much too little for. they routinely accused us of dumping. What the dumping accusations were about was the low prices of our goods due to the currency difference. There was no dumping. We had good interest rates, and a low dollar. the best of all worlds. We have tragically to avoid this trade confrontation, allowed our dollar to drift up. this is bad. It is much too high for an exporting nation to compete. We make our money from overseas resource shipment. We have more resources per capita than any other nation in the world. A high dollar makes no sense at all to us. There have been hard times so far in Canada, and there will be harder times still as we raise rates. We are stuck in a spiral of every decreasing exports, every increasing job losses and ever increasing need for foreign investment to bail us out. Shades of the 1950's. No money anywhere and no jobs. Back to the winter works programs and soup lines. EC<:-}