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Strategies & Market Trends : Beat The Street With SI Traders -- Ignore unavailable to you. Want to Upgrade?

To: Rocket Red who wrote (59257)	11/14/2010 9:04:50 AM
From: kidl	Read Replies (2) \| Respond to of 233809

A high Loonie means less exports to the US, still our biggest trading partner. Latest trade deficit numbers: bloomberg.com Canada can't just live off its resources. We need an overall healthy export market or else the unemployment issue will get worse which in turn leads to higher deficits and consequently higher taxes to support the increased debt. A Loonie at or even above par (as many predict) is not what Canada wants or can afford. 80 to 85 cents would keep everyone happy just like oil between 75 and 85 makes sense for all parties involved. The proverbial "golden middle". Likely wishful thinking on my part.