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Originally Posted by FetishWeb
Natural resources (ie, oil) have been driving the Canadian side of the equation... only by a small margin though.
The main thing is an unprecedented devaluation of the US dollar by the US government. If I was a currency speculator I think I'd be buying Iraqi dinar's before buying the US dollar.
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I understand Natural resources...however for the last 50 years Canada has been the richest resource Country in the world.
Wood, Fish, Coal, Diamonds, Natural Gas, Oil, Nickel, Gold, Silver Uranium...added up together they have more combined resources then anybody?
Did the speculators just take notice? I think the US dollar is undervalued.
Of course you are right about Iraq though ;)