[Newsbot]

Title: Loonie poised for quick recovery: economist
Category: Business
Posted By: RUEZ
Date: 2008-10-24 11:22:13
Canadian

[DrCaleb]

That's a trooper. Get a little soft, then recover quickly.

[RUEZ]

DrCaleb DrCaleb:

That's a trooper. Get a little soft, then recover quickly.

That just sounds dirty.

[DrCaleb]

RUEZ RUEZ:

DrCaleb DrCaleb:

That's a trooper. Get a little soft, then recover quickly.

That just sounds dirty.

It was supposed to.

At least my sense of humour amuses me.

[tritium]

DrCaleb DrCaleb:

That's a trooper. Get a little soft, then recover quickly.

[RUEZ]

This article explains why our dollar has dropped so significantly so quickly. I was always a little confused considering our economy is doing better then most.

[uwish]

commodity based

[RUEZ]

uwish uwish:

commodity based

$1:

Instead, it's a wave of ‘forced' U.S. dollar and yen buying to cover short positions created by other asset price developments.

[dog77_1999]

RUEZ RUEZ:

uwish uwish:

commodity based

$1:

Instead, it's a wave of ‘forced' U.S. dollar and yen buying to cover short positions created by other asset price developments.

Both are correct. Everyone is fleeing to the US dollar (and paying back the Kerry trade for the yen). The drop in all things commoddities will hurt the Loonie, as Canada's economy has grown more dependent on commodities. Though to be fair, Canada's long term positioning is better.