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Re: Bobwins post# 86788

Friday, 11/09/2007 1:36:56 AM

Friday, November 09, 2007 1:36:56 AM

Post# of 173812
I converted my C$ to US$ earlier this week and I think I nailed it. I think the Canadian dollar was driven up by foreign investors who really don't underdstand the situation here (the Toronto Globe said the same thing). For example:

Yes Canada has been adding jobs, but in the last 6 months, almost all in public sector, no private sector growth.

Canada is far more of a natural gas exporting country than oil.. Natural gas prices have gone down the last 2 years, and natural gas production peaked and is declining. Most Canadian producers have far more gas production and are getting hammered by the strong US dollar on exports- they are getting 25$ less than just a year ago.

-Yes Canadian grain farmers OK but Ranchers are getting slaughtered- again by high Canadian dollar hurting US export beef sales and high feed costs.

The Brokers up here are all recommending buying US stocks for the US dollar and US market appreciation double whammy.

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