RE:RE:RE:RE:RE:U.S. dollar depreciationbmbruce wrote: to me it seems clear that as long as the Canadian dollar continues to appreciate relative to the U.S. dollar then this will have a negative impact on AQN's earnings independent of what's happening in the U.S utility sector...if the utility sector declines in both countries due to a rotation out of the sector then that's a different matter...
Although I agree that an appreciating Canadian dollar negatively impacts the earnings of Canadian companies doing business in the U.S., I definitely think that some rotation out of utilties has been going on in the last three trading sessions.