JRM

Short the Loonie! - Barron's

I'm just having trouble shorting the loony based on PPP alone. I'm more of a technical trader however I dabble with fundamentals. I just can't see, over the next year or two, that the loonie will lose it's gains against the dollar. We're in a bull on commodities not only energy. Canada supplies both. More of the world is demanding the same amount of scarce resources. Simple economics. Now, Canada may desire to let their currency depreciate to help their export industries.... who knows. But you won't see me trying to catch a falling knife. If price action shows me a buying opportunity, sure thing boss. But blindly stepping in is suicide.