Originally Posted by robsawatsky
If only it was possible to pick an economics "expert" that was consistently correct.
Within a couple of days earlier this month I heard one well-known BC economist stridently insist that the dollar would be at par with the US counterpart in about 1 year. Then one of the BIG BANK's economists stated that the dollar is already too high based upon the overall economics and will settle back to the 85 cent range.
Of course, if these guys were really confident they're personal currency trading activity should show it. I doubt they've bet the farm on their own predictions.
For the last three years, I have closely followed the predicitions of Avery Shenfield, Warren Lovely, Ben Tal and Jeff Rubin of CIBC World Markets. They have been as close as any in their oil, rate, gold, currency predictions.
I find Sherry Cooper of BMO to be more hot air clamouring for media time than substance.
RBC and TD's people are predicting an implosion of the world economy, well not quite, but they are very bearish. May prove to be correct though.
IMarmchairO, the fundamentals are for Canada to continue to have a very strong currency against all others, not just the greenback. Look at our $ now now compared to the mighty pound (no symbol on my laptop).