BMO Capital Markets and TD Economics both predict the loonie will fall to about 95 cents US by the fourth quarter of 2008, while Scotia Capital sees only a slight easing back to par by the end of next year.
The loonie was trading Friday morning at $1.0268 US, up one-quarter of a cent from Thursday's close.
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http://www.cbc.ca/money/story/2007/10/12/rbcgrowthforecast.html
Stumble It!
The Canadian dollar is programmedto remain at parity with the U.S. greenback through the end of the year, but will slip back next year, an economist at RBC Financial Group said Friday in a new report.
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"When I tell the truth, it is not for the sake of convincing those who do not know it, but for the sake of defending those that do."
William Blake
Money is now a licence for energy control, issued by a special interest sector for its own benefit, by transferring the responsibility for its conversion into resources on the public.
Much of the present environmental mess is caused by the banks' deregulated money creation powers, demanding conversion into a wasteful supply of resources to maintain the value of imaginary monies created from the air to be used for the destruction of humanity and the ecology.
Ed Deak.