dlar print the stuff,they should know

1022-1025 has been a resistance point previously when
it went past 1000. Tempted tp sell some more. On the other hand...

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52-week high and still rising.Hmm...

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Positive UT trades a good omen.

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Seems to be following previous pattern of retreating
after hitting 1024/25 mentioned yesterday.

Skinny, come on, do us a small favour with the chart,
never mind the sexy banknotes!

midknight - I've asked Ian if he can put a chart in the header - of us mere mortals, only the thread/post originator can edit it.

Did Carney really save Canada?

The truth is, there are three good reasons why Canada was not hit so hard in 2008, and was among the first countries to recover. First, it’s the only one of the G7 countries to have run a budget surplus for the last 14 years. (One reason for which incidentally, is that with the US next door, it spends very little on its military). So it was in a stronger position going into the crisis.

Secondly, Canada is extremely rich in natural resources – oil, gas, metal and grain, the prices of which (except gas) recovered very quickly post-2008.

Third, Canada’s banks were not so geared. Part of the reason for this may lie with Canada’s more risk-averse regulatory system, which Carney oversaw during his time at the Bank of Canada. Others would argue that Canada’s banks were simply too late to the securitisation party, and so were able to dodge a bullet.

Of those three reasons, Carney can only really take any credit for the last. Yet as a result of his slashed interest rates, the banking system may not be such a paragon for much longer. Carney leaves behind him high house prices in both Toronto and Vancouver, where, not unlike London, locals complain that housing has become unaffordable to them. Are they bubbles that are set to burst? We'll see. Carney might be leaving Canada behind just in time. We shall find out.