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Also, the strength of currency depends on which country doing the
buying/selling... In Canada case, their economy depends on Japan and USA..
When Japan's enconomy is real bad, ie, they are not buying/selling with the
Canada as much as they used to and it hurts the CD$. CD$ and Aud$ tend to
get hurt when Japan Yen get too strong. Hope this makes sense..
Respectfully yours
Gary Bodnar
-----Original Message-----
From: Ira [SMTP:ist@xxxxxx]
Sent: Monday, February 01, 1999 9:29 AM
To: RealTraders Discussion Group
Subject: Re: Mar Cdn dollar
The strength of any currency comes from its economy. The Canadian economy
is
an agricultural and natural resource based economy. Gold, oil, silver,
lumber,
wheat, cattle, etc. are the items that cause their economy to grow. As the
demand for these products grows so does the demand for the CD to purchase
these
items. Make sense to you? Ira
OkieDame@xxxxxxx wrote:
> Ira ~~~What's the connection/relationship of a strong C$ to stronger/w
eaker
> natural resources? Thanks.
> joanie
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