G7 and Currencies
Something of interest in the financial post today.. it means that japan's, the EU's and Canada's currencies will get stronger while the US will be considerable less strong. yes, its been overvalued for a while.... so, it looks like monetary intervention is on its way out. good stuff....maybe soros could butt out too.
more analysis elsewhere in the paper says that because canada is racking up budget and current account surpluses, plus the addition of a conservative money manager in paul martin, we are gaining ground in the currency game..also, gold is getting stronger, and canada has increasing reserves...mo' money, mo' money..so money will be pouring in for the forseeable future...
we just need some off shore oil finds in bc. if only.
Wednesday, September 24, 2003
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