06.10.2008 - Will the booming Chinese economy be hit next?
From Commodityonline.com: The commodity boom that has buoyed Canadian markets until recently and been the driving force behind Western Canada's torrid economy in recent years is not gone for good, but is just taking a breather, says a commodity strategist. "What we are seeing is really cyclicality rearing its ugly head again," said Bart Melek with BMO Capital Markets. "We think there's a correction, but we don't think this is the permanent bust." Canada's resource-centred economy was able to shield itself from the deepening crisis in the American economy as investors flocked to commodities like oil, grain, fertilizer and metals as safe havens...... Full Article: Source
Print