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To: Wyätt Gwyön who wrote (88865)8/7/2007 11:43:58 AM
From: tom pope  Respond to of 206151
 
And since they pay in CAD to produce those USD based products, it's a reverse hedge.



To: Wyätt Gwyön who wrote (88865)8/7/2007 11:45:46 AM
From: CommanderCricket  Read Replies (2) | Respond to of 206151
 
Wyatt,

I agree with you as a hedge against the $USD but, but...ok, I'm wrong.

I was thinking as the $CAD went up, the distributions paid in $USD would also go up.

Michael