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GoinAllTheWay · 04-03-2008, 11:15 AM

Reading this article from the CBC website:

http://www.cbc.ca/money/story/2008/04/03/rbc.html

This part made me wonder:

"By the end of the year, we expect the loonie to average 90.9 US cents," said RBC chief economist Craig Wright.
"This depreciating trend will extend into 2009 with the currency dropping further to 87 US cents by the end of that year."

So with the dollar pretty much even with the US$ atm, would this be a good time to buy assuming it doesn't edge over $1 US significantly? I'm dissapointed I guess that the dollar could drop back down to those levels but if they are, why not make a few bucks yourself in the process?

If the US is going to recover in that time frame, perhaps snapping up some American Real Estate may not be a bad idea either?

04-03-2008, 11:15 AM	#1
GoinAllTheWay Franchise Player Join Date: Apr 2003 Location: Not sure Exp:	Good time to buy American $? Reading this article from the CBC website: http://www.cbc.ca/money/story/2008/04/03/rbc.html This part made me wonder: "By the end of the year, we expect the loonie to average 90.9 US cents," said RBC chief economist Craig Wright. "This depreciating trend will extend into 2009 with the currency dropping further to 87 US cents by the end of that year." So with the dollar pretty much even with the US$ atm, would this be a good time to buy assuming it doesn't edge over $1 US significantly? I'm dissapointed I guess that the dollar could drop back down to those levels but if they are, why not make a few bucks yourself in the process? If the US is going to recover in that time frame, perhaps snapping up some American Real Estate may not be a bad idea either?