🚀 go-pugleaf

On Oct 9, 10:16 am, abc <a...@123.cl> wrote:
> Canadiandollarat 1-year high
>
> October 9, 2009
>
> The Canadiandollarrallied on Friday after the release of official
> figures that showed the Canadian economy added over 30,000 jobs in
> September and the unemployment rate surprised analysts by falling.
>
> The Canadiandollarrallied on Friday after the release of official
> figures that showed the Canadian economy added over 30,000 jobs in
> September and the unemployment rate surprised analysts by falling.
> Photograph by: National Post, National Post
>
> LONDON -- The Canadiandollarrallied on Friday after the release of
> official figures that showed the Canadian economy added over 30,000
> jobs in September and the unemployment rate surprised analysts by
> falling.
>
> The data pushed the U.S.dollarto a fresh one-year low of C$1.0455
> from around C$1.0500 just beforehand.
>
> The creation of 30,600 jobs was way above the 5,000 analysts had
> expected, and the unemployment fell to 8.4% when the consensus view was
> for a tick up of a tenth of a percent to 8.8%.
>
> The U.S.dollar'sfall smashed a large option structure at C$1.0480
> expiring in a couple of weeks, which some thought could have provided
> support near C$1.05.
If your dollar worries you, you increase the money supply.

Crank up the presses enough, and churn out enough Canadian loonies and
you soon have a weaker, more competitive dollar.

That's the same old school approach. No need to get any fancier than
that.

It has happened because Canada's monetary policies have not kept pace
with the other major world nations, including the USA. Too
conservative. What Canada needs to do is to loosen its money supply
consistent with the other nations, to fall into place among them, not
to stand out like a sore conservative thumb.

Cheers.

Robert Morpheal