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To: Don S.Boller who wrote (13283)	1/20/1998 6:26:00 PM
From: robnhood	Respond to of 18056

Don, Cdn. Dollar, I think that the persistence in it's weakness must be ringing alarm bells somewhere. We raised rates 4 times, that did'nt help, then they said it was just year end abberations from dividends being paid to foreign concerns, but here it is again flirting with it's low. I read on the gold thread that someone believed it was because we had sold all of our gold reserves.I don't think our economy is strong enough to take too many more rate increases. Rock and a hard place, I guess. <g>. My guess, It's going lower, after what we have seen from other currencies. BWDIK russell

To: Don S.Boller who wrote (13283)	1/21/1998 10:17:00 AM
From: Chip McVickar	Respond to of 18056

Don --- Canadian Dollar Since I trade pennies I follow the cnd$... It does not look good....for the near term > Ice Storm in Quebec....considered the worst natural diaster ever, may lower GND by spring. > Big Insurance companies at risk here > Gold Sales to finance the bugget, lower debt and make the books look better....may undermine confidence in its currency and bonds. > Falling commodity prices > Interest Rates going up > Finally --- Japan and Hong Kong supplied a lot of free capital to BC and BC has been a big part of any recent Canadian strength. If the contagion in Asia does Not straighten out...Canadia--Austrialia-- New Zealand may be where it spreads 1ST. > All these markets have received big inflows from Japans bond purchases due to the positive yield spreads in bonds. If Japans currency fails these weaker countries will be 1st and hardest hit. Just my thoughts Chip