Football Geek

Gartman Forecasts Loonie / U.S. Dollar Parity

Gartman is bang on, since most people think the US dollar will fall, because the US is burdened by a massive debt, which will trigger long term higher taxes, and lower productivity. Canada is a resourse based economy, and the long term trend is higher prices for oil, food, potast, etc. Our dollar will be a petro dollar and rise against the US debt dollar. The Americans are spending, and borrowing like drunken sailers. They will have a massive hang over in the future.

Are Commodities Holding Back the Canadian Loonie?

Canada has a small economy, even with all the oil reserves. What
the US dollar does has a bigger impact on where the loonie is
headed. Yes the fundamentals are good, but the US dollar is
going to come back, and the loonie will be below 90 cents in the next twelve months or so