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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion -- Ignore unavailable to you. Want to Upgrade?

To: P. Ramamoorthy who wrote (12727)	8/24/1998 12:21:00 AM
From: BM	Respond to of 13949

Ram, the Canadian devaluation (??) thought came from the posting attributed to Mad Monk. Since our economy is in decent shape and economists and the financial press in Canada have not even mentioned devaluation as a possibility, I assume a simple error on someone's part. In spite of the decline of the loonie vs the greenback (along with every other currency), the Canadian dollar has actually gained against most other currencies. As mentioned in previous postings, the weakening loonie adds to the profitability (and competitiveness) of companies who generate significant revenues in US dollars while incurring expenses in Canadian dollars. In the Y2K area, Cognicase is the company which stands to gain the most from this development.