Friday, May 18, 2007

Canadian Dollar hits 30-year high against the U.S Dollar

Why does this story matter? Because it is a sign that world markets don't really have much, if any, confidence in the greenback: http://www.cbc.ca/money/story/2007/05/18/dollar.html. And why does THAT matter? Because that is a sign that investors don't have much confidence in our economy. This doesn't bode well for us..............

No comments: