Near-Term Setback in Canada May Offer a New Buy Opportunity
magonomics
June 02, 2009
Since early April, the Canadian dollar has been the best performing currency, gaining about 14% against the US dollar. The Canadian dollar's rise is a function of higher commodity prices, narrowing of interest premium offered by the US (Dec Canada BAs vs Dec Eurodollars), and the preliminary signs that the global economic crisis may be easing.…
Near-Term Setback in Canada May Offer a New Buy Opportunity
Reviewed by magonomics
on
June 02, 2009
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