TSXV:NORA.H - Post by User
Post by
utellme101on Nov 27, 2007 12:08pm
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Post# 13873711
Canada down US up means
Canada down US up meansthat someone thinks the US economy is going to do better. George W did say that he thought now was a good time for peace talks. But the US economy will take years to recover. The large debt, the war, oil prices, etc. it will be tough going for them for a while. Meantime Canada has what the world wants...needs. Oil, gas, coal, minerals, wood, the largest producer of Uranium in the world, a small population and a huge resource base. We have had record budget surpluses. The talk from the finance minister abut the dollar being too high, brought is down a little. Now he is talking about helping the industrial base of our economy. Sounds like he thinks the Canadian dollar will be high in the long haul. We are in a 15 bull market in resource products, this market drop in Canada is temporary. Thats the way Dines thinks, and he makes money for investors. Watch if someone big doesn't take a position in ASX and force the price up to .90 overnight!