http://ca.news.finance.yahoo.com/s/...-says-recession-growth-returning-economy.html Bank of Canada is predicting the recession to essentially be over in Canada and expects the economy to bounce back twice as strong as the USA. Q3 expected growth = 1.3% annualized Q4 expected growth = 3.0% annualized Get long Canadian banks before it's too late!
Rising loonie poses a problem, however. Any FOREX junkies care to enlighten me on a USD/CAD prediction through the end of 2009?
The strength of Canada's economy comes from being a net exporter of goods. Our largest trading partner (the USA) is on the ropes economically, with no real recovery in sight despite what the DOW reads. Worldwide demand for our products is similarly nowhere. I just don't see it, not in the next 12 months anyway.
Now that's a number we could live with. Any less than 1.1 stings in Ontario. Except for cross border shopping raids of course.