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Gold/Mining/Energy : Royal Oak-RYO -- Ignore unavailable to you. Want to Upgrade?

To: Michael Bidder who wrote (1166)	8/7/1998 2:05:00 AM
From: Mike G	Read Replies (1) \| Respond to of 1706

A good article in the Vancouver Sun today written by Michael Campbell, a brilliant economist in the area. He is talking about the drop in the Canadian dollar, and how there should be such an outrage at this, and yet the politicians don't seem to care. As he pointed out, all Canadians have taken a 10% pay cut in comparison to the U.S. dollar in the last few months. This 10% pay cut is assisting RYO in meeting their expenses and will definitely boost profitability. To this point those that are suffering are those who purchase U.S. goods, or taking vacations. Of course any Americans that want a bargain vacation, now is the time to come to Canada. 1 U.S. dollar now costs us 1.53 Canadian. Mike G