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Re: roguedolphin post# 2198

Wednesday, 01/19/2005 5:41:26 PM

Wednesday, January 19, 2005 5:41:26 PM

Post# of 173781
Roguedolphin - TGB and the U.S./CDN Dollar

But you may have noticed over the last few months that copper (and most metals traded on the LME) tend to rise in direct inverse proportion to the U.S. dollar's decline and vice versa.

This alone might offset any rise in the value of the loonie. However, most economists up here don't see the Bank of Canada raising interest rates much this year in the same way that the Fed is planning on raising them a few times down there. The current consensus is even for a 25 point rate drop before spring. The loonie may fall a bit, but it probably won't rise much this year. I'd say 85-86 cents will probably be the peak.

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