“Their exports are doing great,” says Jerry Furst, director of Investors Education Network, and while he is not expecting parity against the U.S. dollar by July, he does anticipate parity by year-end. “We could easily get to 104.5,” for a high and possibly to 103, adding that one of the main reasons is continuing and possibly escalating instability in the Middle East. “That would be a boost to the Canadian dollar with its oil and resources.” For a low against the U.S. dollar, Furst anticipates 1.13. “Interest rates are key,” he says.
From the July 01, 2007 issue of Futures Magazine • Subscribe!
