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RawAlex · 10-26-2004

I was sort of thinking that the higher oil price combined with the lower US dollar would have to be a double hit. I am nto sure oil has gone up as much as the dollar has gone down the last couple of weeks. It has some stunning effects on the prices of imported goods, and it will increase pressure for large interest rate hikes in the US, which could slow the economy dramatically. The gap in prime interest rates between Canada and the US has never been higher (as a percentage). The Canadian dollar against the US have been a very strong and steady climb in the last 18 months. 61 cents to 82 cents in short order.

Alex

10-26-2004	#22
RawAlex Members $100 for every ImLive sign-up Join Date: Oct 2002 Posts: 4,036	I was sort of thinking that the higher oil price combined with the lower US dollar would have to be a double hit. I am nto sure oil has gone up as much as the dollar has gone down the last couple of weeks. It has some stunning effects on the prices of imported goods, and it will increase pressure for large interest rate hikes in the US, which could slow the economy dramatically. The gap in prime interest rates between Canada and the US has never been higher (as a percentage). The Canadian dollar against the US have been a very strong and steady climb in the last 18 months. 61 cents to 82 cents in short order. Alex __________________ Let's go to the edge of disaster Push the pedal and go a little faster Let's slam into a wall at ramming speed Let's go to the edge of a mountain Jump off and lets start countin' Hit the ground and tell me if it bleeds