TSX:TECK.A - Post by User
Comment by
chunkytoaston May 31, 2010 4:56pm
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Post# 17144590
RE: A pumped up day IMHO
RE: A pumped up day IMHO
Im Canadian and I can assure you that there is nothing false about our growth of 6.1% measured year over year just like all other countries measure it. it's also true our banks are now rated #1 in the world, that's better than the Swiss banks that came in at #2. with the prospects of inflation rising with growth I expect the bank of Canada to increase rates by 25 basis points tomorrow as a prudent, defensive move to protect the value of our currency.
I'm happy to report there was no correction near the end of the day and I personally made some good money.
Our real estate market has been on a tear lately and slightly higher rates will tend to moderate the rising prices and prevent a meltdown like the poor Americans have experienced. there's no gloating here as we have many good American friends and deeply regret seeing what happened to their financial well being.
Canaddians can tolerate criticism and even welcome it if there is something to learn, but it has to be factual
GLTA chunky