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Article #6Re: Post your Cross Border Deals here:US$ Below C$ At Bank
From: Richard Bonner
Date: Thu, 25 Oct 2007 18:57
Date: Thu, 25 Oct 2007 18:57
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2295 bytes
Ned Kelly (NedKelly@usenetexchange.com) wrote: > According t o experts intervgiewed by media, the experts state that there is no > valid reason for the appreciation of the C$ versus US$. > They feel that the C$ should soon drop down to around 90 cents US$ > That is why prudent people are now stocking up on US$ while the CS is worth > more than par. *** Many do it to convert it back and make a profit down the road. I see the U.S. dollar staying weak for a while, but it may be true that the Canadian dollar will weaken in the new year. The former will be even more so if the U.S. slips into a recession. Richard
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