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Lower dollar good news in some quarters

Posted on 14 October 2008

From Theglobeandmail.com: The meltdown in the Canadian dollar last week had been some time coming and it coincides with the rise in fear, if not panic, among stock market investors. But look through the rubble and there just might be some positives.

“The loonie is playing big-time catch up,” said Andrew Busch, the global foreign exchange strategist for Bank of Montreal’s investment arm. “Even with the good employment numbers coming out of Canada this is a complete selloff of all commodity-type currencies.”….. Full Article: Source


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VRS - who has written 39895 posts on Opalesque Commodities Briefing.


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