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jaybird249

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jaybird249

Re: Bobwins post# 86755

Thursday, 11/08/2007 7:38:38 PM

Thursday, November 08, 2007 7:38:38 PM

Post# of 173791
Bobwins.. how do you figure the C$ gain was "riskless"? Many studies have shown Canadian dollar fair value is about 85 cents US based on purchasing power. Thats why A Honda civic costs $16000 US in Spokane and $26000 in Calgary.

Already big Canadian companies earnings are being hammered by High dollar.. Enbridge, Domtar. The US economy is way more efficient than Canada.. countless examples of Canadian companies trying to expand to US getting clobbered.
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