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Strategies & Market Trends : Canadian Dollar -- Ignore unavailable to you. Want to Upgrade?

To: AreWeThereYet who wrote (83)8/20/1998 1:49:00 PM
From: Achilles  Read Replies (1) | Respond to of 103
 
Actually, Chu, the Supreme court's position was a little more nuanced than that: it says that Quebec does not have the right to unilaterally secede, but that the Federal government has the obligation to negotiate.

If anything, this ruling probably should hurt the dollar. Quebec will see this as an insult, thereby making it more (not less) likely of a bad result in a future referendum.

But the dollar is so low already that I doubt if this ruling will have much effect. But what do I know: I've been wrong about the direction of the dollar for the last 8 months and I might be wrong for the next eight months. ;)



To: AreWeThereYet who wrote (83)8/21/1998 11:42:00 AM
From: TAPDOG  Read Replies (2) | Respond to of 103
 
Don't expect a boost in the Can dollar until commodity prices start heading up and/or the Asian economies start picking up. Canada was a parking place for people who now need the money and it's to some extent a commodity sensitive economy. The best we can hope for is that the Central Bank can keep the decline slow and orderly and that it doesn't go much lower. A stronger Canadian dollar seems out of the question near term.


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