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

To: High Grader who wrote (88)	8/24/1998 11:34:00 PM
From: Achilles	Read Replies (2) \| Respond to of 103

High Grader, your post was interesting, but made several mistakes of fact and interpretation. First, the Quebec provincial government runs its own immigration department and controls migration into Quebec. Second, while it is true that most Indians, immigrants and Anglos voted no in the referendum, a numerical majority of 'no' voters were in fact 'true' Quebec francophones. The analogy of Rhodesian UDI is not really a good one, given the constitutional difference (colony vs. province) and territorial difference (several thousand miles away vs. territorially contiguous). Also note that the white minority controlled Rhodesian before and after UDI, but that it is a French majority (within Quebec) that controls the Quebec provincial apparatus. I agree that once winter comes, the price of fruit and vegetables will be affected. But veggies are, of course, only a small part of a family's overall food budget. Also, remember that Canadians don't have to buy such goods only from the USA. Other countries have had similar currency problems, countries which will be able to undercut American producers. So far, it seems that the low dollar has not had an effect on inflation. Until it does, the Bank of Canada will probably not raise interest rates.