GaryD

A Surprise in Store for the Dollar?

"Discounters like Wal-Mart (WMT), Costco (COST) and Target (TGT) all reported stronger sales in the month of June as consumers continue to spend their tax rebates. If retail sales remain positive, the US economy may avoid double dipping, which would be a nice surprise for the US dollar."

Are they sending out another welfare cheque?

Short the Loonie! - Barron's

Hmmm... Canada has a balanced federal budget, a good trade balance, a declining national debt, a good current account balance, a fiscally responsible government, is a commodity-producing country, and has a currency that is increasingly being viewed as "hard money". The US is cutting rates in an inflationary environment. I think I'll pass on that short.