COMMODITY INSIGHT
152 Ennis Lake Road, Ennis, Montana
(October 5, 1997) CURRENCIES: The Bank of Canada finally raised rates this week and the Canuck responded by rising to its highest level in two months. As long as the BOC is willing to embark on a tight money policy in an effort to fight inflation, the Canuck will rise in value. My work continues to suggest that over the long run, the Canuck is headed to the 0.8000 to 0.8400 level.
But with this being October, and any and all markets subject to a hard break at any time, caution is urged for those long the Canadian Dollar based on trading suggestions offered in this newsletter.
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