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  • The Loonie - A Petro-Currency [View article]
    Canadian Banks are the best capitalized in the world, It's Life Insurers have AAA/A++ ratings while ours fall and are under watch for review. ManuLife bought a ton of timberland a few years ago cheap. They avoided the subprime derivative mess we are all in.
    CN has no budget deficit and if you look at your chart, there is a nice double bottom on it.
    Flood of safe money in TBills at some point back into commodities and continued depreciation of the US $ w make CN$ even more valuable. another person recently wrote a comment on Gold that made a good point- the world has 6Bil people and only 2bil have even heard of investing in commodities. Thus CN strong position with SAFE country assets backing it will make the Loonie stabilize and rise as the world economy turns, so it may be a good time to get into CN stocks, not US ones, which are bargains for sure. Many on my HOT list to add for 2009 when I do my IRA investment.
    Dec 08 08:56 am |Rating: +2 0 |Link to Comment
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