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	<title>Credit Writedowns &#187; Canada</title>
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	<link>http://www.creditwritedowns.com</link>
	<description>Finance, Economics and Markets</description>
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		<item>
		<title>Friday&#8217;s Thoughts and Seven Investment Themes</title>
		<link>http://www.creditwritedowns.com/2012/02/fridays-thoughts-and-seven-investment-themes.html</link>
		<comments>http://www.creditwritedowns.com/2012/02/fridays-thoughts-and-seven-investment-themes.html#comments</comments>
		<pubDate>Fri, 03 Feb 2012 12:41:28 +0000</pubDate>
		<dc:creator>Marc Chandler</dc:creator>
				<category><![CDATA[Markets]]></category>
		<category><![CDATA[Canada]]></category>
		<category><![CDATA[currency]]></category>
		<category><![CDATA[economic data]]></category>
		<category><![CDATA[jobs]]></category>
		<category><![CDATA[United States]]></category>

		<guid isPermaLink="false">http://www.creditwritedowns.com/?p=41638</guid>
		<description><![CDATA[<p>First, the trajectory of monetary policy in the US, Europe, China and Japan is in a more accommodative direction. Second, the underlying economies are showing preliminary signs of stabilizing. Third, the combination of easing monetary conditions and economic stabilization has boost demand for higher risk assets. In addition to major equity markets, emerging markets off to a strong start. Funds that exited the emerging markets in Q4 11 return. This has helped fueled currency and asset (bonds and stocks) appreciation</p><p><hr />Credit Writedowns Pro is now live. <a href="https://www.creditwritedowns.com/members/">Sign up today</a> for monthly or yearly subscriptions. 
<br >Also read our <a href="http://www.creditwritedowns.com/news-feed/">News Feed</a> for the latest financial and economic news.
<br ><a href="http://www.creditwritedowns.com/2012/02/fridays-thoughts-and-seven-investment-themes.html">Friday&#8217;s Thoughts and Seven Investment Themes</a> originally appeared on <a href="http://www.creditwritedowns.com">Credit Writedowns</a>
<br /> <br />Links: <a href="http://www.creditwritedowns.com/feed">RSS</a> - <a href="http://eepurl.com/hfF3U">Daily</a> - <a href="http://eepurl.com/eklTA">Weekly</a> - <a href="http://twitter.com/edwardnh">Twitter</a> - <a href="http://www.facebook.com/creditwritedowns">Facebook</a> - <a href="http://www.creditwritedowns.com/contact">Contact</a>
<br /><small>Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1</small></p><strong>Related Posts</strong>
<ul>
		<li><a href="http://www.creditwritedowns.com/2010/12/rosenberg-ten-investment-themes-for-2011.html" rel="bookmark">Rosenberg: Ten Investment Themes for 2011</a> 13 Dec 2010<!-- (39.7)--></li>
		<li><a href="http://www.creditwritedowns.com/2011/05/bill-gross-low-policy-rates-represent-an-immediate-threat-to-investment-portfolios.html" rel="bookmark">Bill Gross: &#8216;Low policy rates represent an immediate threat to investment portfolios&#8217;</a> 3 May 2011<!-- (18.4)--></li>
		<li><a href="http://www.creditwritedowns.com/2011/07/on-tax-holiday.html" rel="bookmark">Tax Holiday: Homeland Investment Charade</a> 8 Jul 2011<!-- (18.2)--></li>
	</ul>
]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>On Canadian and Australian bank risk</title>
		<link>http://www.creditwritedowns.com/2012/01/on-canadian-and-australian-bank-risk.html</link>
		<comments>http://www.creditwritedowns.com/2012/01/on-canadian-and-australian-bank-risk.html#comments</comments>
		<pubDate>Mon, 30 Jan 2012 20:00:00 +0000</pubDate>
		<dc:creator>Marc Chandler</dc:creator>
				<category><![CDATA[Financial Institutions]]></category>
		<category><![CDATA[Australia]]></category>
		<category><![CDATA[banks]]></category>
		<category><![CDATA[Canada]]></category>
		<category><![CDATA[currency]]></category>
		<category><![CDATA[Housing]]></category>
		<category><![CDATA[liquidity]]></category>
		<category><![CDATA[mortgages]]></category>
		<category><![CDATA[ratings agencies]]></category>

		<guid isPermaLink="false">http://www.creditwritedowns.com/?p=41386</guid>
		<description><![CDATA[<p>Banking sectors in both countries are highly concentrated. The top four banks in Australia account for about three quarters of the banking assets. The top six Canadian banks account for upwards of 90% of the Canadian banking assets. According to Fitch, the concentration and high profits of the banking sector is favorable to each as it provides a cushion against losses and need to pursue higher risk activity/lending. 

Both Canada and Australia are experiencing over-valued housing markets. The IMF estimates Canadian house prices are about 10% risk while Australia is 10-15% over-valued</p><p><hr />Credit Writedowns Pro is now live. <a href="https://www.creditwritedowns.com/members/">Sign up today</a> for monthly or yearly subscriptions. 
<br >Also read our <a href="http://www.creditwritedowns.com/news-feed/">News Feed</a> for the latest financial and economic news.
<br ><a href="http://www.creditwritedowns.com/2012/01/on-canadian-and-australian-bank-risk.html">On Canadian and Australian bank risk</a> originally appeared on <a href="http://www.creditwritedowns.com">Credit Writedowns</a>
<br /> <br />Links: <a href="http://www.creditwritedowns.com/feed">RSS</a> - <a href="http://eepurl.com/hfF3U">Daily</a> - <a href="http://eepurl.com/eklTA">Weekly</a> - <a href="http://twitter.com/edwardnh">Twitter</a> - <a href="http://www.facebook.com/creditwritedowns">Facebook</a> - <a href="http://www.creditwritedowns.com/contact">Contact</a>
<br /><small>Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1</small></p><strong>Related Posts</strong>
<ul>
		<li><a href="http://www.creditwritedowns.com/2010/06/canadian-australian-dollars-reserve-assets.html" rel="bookmark">Canadian and Australian Dollars as Reserve Assets</a> 22 Jun 2010<!-- (36.5)--></li>
		<li><a href="http://www.creditwritedowns.com/2010/10/scotia-bank-canadian-dollar-strength-driven-by-u-s-efforts-to-export-its-years-of-profligacy.html" rel="bookmark">Scotia Bank: Canadian dollar strength &#8220;driven by U.S. efforts to export its years of profligacy&#8221;</a> 14 Oct 2010<!-- (27)--></li>
		<li><a href="http://www.creditwritedowns.com/2009/07/transferring-swedish-bank-risk-onto-latvian-taxpayers.html" rel="bookmark">Transferring Swedish bank risk onto Latvian taxpayers</a> 9 Jul 2009<!-- (25.1)--></li>
	</ul>
]]></description>
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		<slash:comments>3</slash:comments>
		</item>
		<item>
		<title>Seven Observations about Commitment of Traders in FX</title>
		<link>http://www.creditwritedowns.com/2012/01/seven-observations-forex-trader-commitments.html</link>
		<comments>http://www.creditwritedowns.com/2012/01/seven-observations-forex-trader-commitments.html#comments</comments>
		<pubDate>Mon, 23 Jan 2012 14:00:00 +0000</pubDate>
		<dc:creator>Marc Chandler</dc:creator>
				<category><![CDATA[Markets]]></category>
		<category><![CDATA[Australia]]></category>
		<category><![CDATA[Britain]]></category>
		<category><![CDATA[Canada]]></category>
		<category><![CDATA[currency]]></category>
		<category><![CDATA[Euro]]></category>
		<category><![CDATA[investing]]></category>
		<category><![CDATA[Japan]]></category>
		<category><![CDATA[Mexico]]></category>
		<category><![CDATA[technical analysis]]></category>

		<guid isPermaLink="false">http://www.creditwritedowns.com/?p=41014</guid>
		<description><![CDATA[<p>The Commodity Futures Trading Commission requires futures traders to identify whether they have an underlying business interest (commercials) or if they don't (non-commercials).  Here are seven take-aways from the most recent report that covered the week through January 17th</p><p><hr />Credit Writedowns Pro is now live. <a href="https://www.creditwritedowns.com/members/">Sign up today</a> for monthly or yearly subscriptions. 
<br >Also read our <a href="http://www.creditwritedowns.com/news-feed/">News Feed</a> for the latest financial and economic news.
<br ><a href="http://www.creditwritedowns.com/2012/01/seven-observations-forex-trader-commitments.html">Seven Observations about Commitment of Traders in FX</a> originally appeared on <a href="http://www.creditwritedowns.com">Credit Writedowns</a>
<br /> <br />Links: <a href="http://www.creditwritedowns.com/feed">RSS</a> - <a href="http://eepurl.com/hfF3U">Daily</a> - <a href="http://eepurl.com/eklTA">Weekly</a> - <a href="http://twitter.com/edwardnh">Twitter</a> - <a href="http://www.facebook.com/creditwritedowns">Facebook</a> - <a href="http://www.creditwritedowns.com/contact">Contact</a>
<br /><small>Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1</small></p><strong>Related Posts</strong>

No related posts.
]]></description>
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		</item>
		<item>
		<title>Grokking the Canadian Dollar in Three Correlations</title>
		<link>http://www.creditwritedowns.com/2012/01/grokking-the-canadian-dollar-in-three-correlations.html</link>
		<comments>http://www.creditwritedowns.com/2012/01/grokking-the-canadian-dollar-in-three-correlations.html#comments</comments>
		<pubDate>Fri, 20 Jan 2012 15:00:28 +0000</pubDate>
		<dc:creator>Marc Chandler</dc:creator>
				<category><![CDATA[Markets]]></category>
		<category><![CDATA[Canada]]></category>
		<category><![CDATA[currency]]></category>
		<category><![CDATA[Euro]]></category>
		<category><![CDATA[oil]]></category>
		<category><![CDATA[stocks]]></category>
		<category><![CDATA[technical analysis]]></category>

		<guid isPermaLink="false">http://www.creditwritedowns.com/?p=40957</guid>
		<description><![CDATA[<p>The brief study presented here shows that over the past 60 days, the Canadian dollar has been more correlated with the S&#038;P 500 than most currencies we looked at, and is also highly correlated with the euro, though in line with most of the other major currencies.  It correlation with crude oil is considerably weaker than with the S&#038;P 500 or the euro, but is also in line with most of the other currencies we looked at</p><p><hr />Credit Writedowns Pro is now live. <a href="https://www.creditwritedowns.com/members/">Sign up today</a> for monthly or yearly subscriptions. 
<br >Also read our <a href="http://www.creditwritedowns.com/news-feed/">News Feed</a> for the latest financial and economic news.
<br ><a href="http://www.creditwritedowns.com/2012/01/grokking-the-canadian-dollar-in-three-correlations.html">Grokking the Canadian Dollar in Three Correlations</a> originally appeared on <a href="http://www.creditwritedowns.com">Credit Writedowns</a>
<br /> <br />Links: <a href="http://www.creditwritedowns.com/feed">RSS</a> - <a href="http://eepurl.com/hfF3U">Daily</a> - <a href="http://eepurl.com/eklTA">Weekly</a> - <a href="http://twitter.com/edwardnh">Twitter</a> - <a href="http://www.facebook.com/creditwritedowns">Facebook</a> - <a href="http://www.creditwritedowns.com/contact">Contact</a>
<br /><small>Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1</small></p><strong>Related Posts</strong>
<ul>
		<li><a href="http://www.creditwritedowns.com/2010/04/canadian-dollar-setback.html" rel="bookmark">Canadian Dollar Setback</a> 19 Apr 2010<!-- (29.6)--></li>
		<li><a href="http://www.creditwritedowns.com/2011/08/constructive-view-of-canadian-dollar.html" rel="bookmark">Constructive view of Canadian dollar</a> 17 Aug 2011<!-- (29.3)--></li>
		<li><a href="http://www.creditwritedowns.com/2010/10/scotia-bank-canadian-dollar-strength-driven-by-u-s-efforts-to-export-its-years-of-profligacy.html" rel="bookmark">Scotia Bank: Canadian dollar strength &#8220;driven by U.S. efforts to export its years of profligacy&#8221;</a> 14 Oct 2010<!-- (27.5)--></li>
	</ul>
]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Chart of the Day: Developed economies&#8217; debt levels by sector</title>
		<link>http://www.creditwritedowns.com/2012/01/developed-economies-debt-levels-by-sector.html</link>
		<comments>http://www.creditwritedowns.com/2012/01/developed-economies-debt-levels-by-sector.html#comments</comments>
		<pubDate>Fri, 20 Jan 2012 14:00:41 +0000</pubDate>
		<dc:creator>Edward Harrison</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[Australia]]></category>
		<category><![CDATA[Britain]]></category>
		<category><![CDATA[Canada]]></category>
		<category><![CDATA[debt]]></category>
		<category><![CDATA[finance charts]]></category>
		<category><![CDATA[France]]></category>
		<category><![CDATA[Germany]]></category>
		<category><![CDATA[Italy]]></category>
		<category><![CDATA[Japan]]></category>
		<category><![CDATA[Korea]]></category>
		<category><![CDATA[Spain]]></category>
		<category><![CDATA[United States]]></category>

		<guid isPermaLink="false">http://www.creditwritedowns.com/?p=40933</guid>
		<description><![CDATA[<p>This is a great chart below via the Wall Street Journal. It shows the total debt to GDP ratios for the largest developed economies in the world broken down into four sectors: households, non-financial corporations, financial institutions and government</p><p><hr />Credit Writedowns Pro is now live. <a href="https://www.creditwritedowns.com/members/">Sign up today</a> for monthly or yearly subscriptions. 
<br >Also read our <a href="http://www.creditwritedowns.com/news-feed/">News Feed</a> for the latest financial and economic news.
<br ><a href="http://www.creditwritedowns.com/2012/01/developed-economies-debt-levels-by-sector.html">Chart of the Day: Developed economies&#8217; debt levels by sector</a> originally appeared on <a href="http://www.creditwritedowns.com">Credit Writedowns</a>
<br /> <br />Links: <a href="http://www.creditwritedowns.com/feed">RSS</a> - <a href="http://eepurl.com/hfF3U">Daily</a> - <a href="http://eepurl.com/eklTA">Weekly</a> - <a href="http://twitter.com/edwardnh">Twitter</a> - <a href="http://www.facebook.com/creditwritedowns">Facebook</a> - <a href="http://www.creditwritedowns.com/contact">Contact</a>
<br /><small>Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1</small></p><strong>Related Posts</strong>

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		<item>
		<title>On the IMF bailouts, Greek defaults and Canadian household debts</title>
		<link>http://www.creditwritedowns.com/2012/01/on-the-imf-bailouts-greek-defaults-and-canadian-household-debts.html</link>
		<comments>http://www.creditwritedowns.com/2012/01/on-the-imf-bailouts-greek-defaults-and-canadian-household-debts.html#comments</comments>
		<pubDate>Thu, 19 Jan 2012 19:39:41 +0000</pubDate>
		<dc:creator>Edward Harrison</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[bubbles]]></category>
		<category><![CDATA[Canada]]></category>
		<category><![CDATA[defaults]]></category>
		<category><![CDATA[Europe]]></category>
		<category><![CDATA[Greece]]></category>
		<category><![CDATA[Housing]]></category>
		<category><![CDATA[IMF]]></category>
		<category><![CDATA[media watch]]></category>
		<category><![CDATA[sovereign debt crisis]]></category>

		<guid isPermaLink="false">http://www.creditwritedowns.com/?p=40878</guid>
		<description><![CDATA[<p>Below is the link to my latest appearance on BNN with Howard Green and Ryan Avent. Quick thoughts here</p><p><hr />Credit Writedowns Pro is now live. <a href="https://www.creditwritedowns.com/members/">Sign up today</a> for monthly or yearly subscriptions. 
<br >Also read our <a href="http://www.creditwritedowns.com/news-feed/">News Feed</a> for the latest financial and economic news.
<br ><a href="http://www.creditwritedowns.com/2012/01/on-the-imf-bailouts-greek-defaults-and-canadian-household-debts.html">On the IMF bailouts, Greek defaults and Canadian household debts</a> originally appeared on <a href="http://www.creditwritedowns.com">Credit Writedowns</a>
<br /> <br />Links: <a href="http://www.creditwritedowns.com/feed">RSS</a> - <a href="http://eepurl.com/hfF3U">Daily</a> - <a href="http://eepurl.com/eklTA">Weekly</a> - <a href="http://twitter.com/edwardnh">Twitter</a> - <a href="http://www.facebook.com/creditwritedowns">Facebook</a> - <a href="http://www.creditwritedowns.com/contact">Contact</a>
<br /><small>Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1</small></p><strong>Related Posts</strong>
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		<li><a href="http://www.creditwritedowns.com/2011/09/downgrades-and-defaults.html" rel="bookmark">Downgrades and Defaults</a> 20 Sep 2011<!-- (22.6)--></li>
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	</ul>
]]></description>
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		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>News Links: European and Chinese Manufacturing Stalls, as US Advances</title>
		<link>http://www.creditwritedowns.com/2011/12/news-links-12012011.html</link>
		<comments>http://www.creditwritedowns.com/2011/12/news-links-12012011.html#comments</comments>
		<pubDate>Thu, 01 Dec 2011 14:30:45 +0000</pubDate>
		<dc:creator>Edward Harrison</dc:creator>
				<category><![CDATA[News]]></category>
		<category><![CDATA[Britain]]></category>
		<category><![CDATA[Canada]]></category>
		<category><![CDATA[central banks]]></category>
		<category><![CDATA[China]]></category>
		<category><![CDATA[economic data]]></category>
		<category><![CDATA[Europe]]></category>
		<category><![CDATA[financial news]]></category>
		<category><![CDATA[liquidity]]></category>
		<category><![CDATA[manufacturing]]></category>
		<category><![CDATA[sovereign debt crisis]]></category>

		<guid isPermaLink="false">http://www.creditwritedowns.com/2011/12/news-links-12012011.html</guid>
		<description><![CDATA[<p>ISM &#8211; ISM Report &#8211; November 2011 Manufacturing ISM Report On Business® &#34;The PMI registered 52.7 percent, an increase of 1.9 percentage points from October&#8217;s reading of 50.8 percent, indicating expansion in the manufacturing sector for the 28th consecutive month. The New Orders Index increased 4.3 percentage points from October to 56.7 percent, reflecting the </p><p><hr />Credit Writedowns Pro is now live. <a href="https://www.creditwritedowns.com/members/">Sign up today</a> for monthly or yearly subscriptions. 
<br >Also read our <a href="http://www.creditwritedowns.com/news-feed/">News Feed</a> for the latest financial and economic news.
<br ><a href="http://www.creditwritedowns.com/2011/12/news-links-12012011.html">News Links: European and Chinese Manufacturing Stalls, as US Advances</a> originally appeared on <a href="http://www.creditwritedowns.com">Credit Writedowns</a>
<br /> <br />Links: <a href="http://www.creditwritedowns.com/feed">RSS</a> - <a href="http://eepurl.com/hfF3U">Daily</a> - <a href="http://eepurl.com/eklTA">Weekly</a> - <a href="http://twitter.com/edwardnh">Twitter</a> - <a href="http://www.facebook.com/creditwritedowns">Facebook</a> - <a href="http://www.creditwritedowns.com/contact">Contact</a>
<br /><small>Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1</small></p><strong>Related Posts</strong>
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		<li><a href="http://www.creditwritedowns.com/2010/12/moodys-portugal-warning.html" rel="bookmark">Euro Recovery Stalls After News of Moody&#8217;s Portugal Warning</a> 21 Dec 2010<!-- (35.6)--></li>
		<li><a href="http://www.creditwritedowns.com/2010/12/financial-news-links-2010-12-21.html" rel="bookmark">Financial News Links on Europe, BMO Moves, Chinese Revolution of 1911 and More</a> 21 Dec 2010<!-- (32)--></li>
		<li><a href="http://www.creditwritedowns.com/2010/05/links-on-the-european-credit-crunch-and-other-financial-news.html" rel="bookmark">Links on the European credit crunch and other financial news</a> 27 May 2010<!-- (30.7)--></li>
	</ul>
]]></description>
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		<slash:comments>2</slash:comments>
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		<item>
		<title>Full Text: FRB Statement on Coordinated Central Bank Action on Currency Swaps</title>
		<link>http://www.creditwritedowns.com/2011/11/full-text-frb-statement-on-coordinated-central-bank-action-on-currency-swaps.html</link>
		<comments>http://www.creditwritedowns.com/2011/11/full-text-frb-statement-on-coordinated-central-bank-action-on-currency-swaps.html#comments</comments>
		<pubDate>Wed, 30 Nov 2011 22:15:16 +0000</pubDate>
		<dc:creator>Edward Harrison</dc:creator>
				<category><![CDATA[Markets]]></category>
		<category><![CDATA[bailouts]]></category>
		<category><![CDATA[banks]]></category>
		<category><![CDATA[Canada]]></category>
		<category><![CDATA[central banks]]></category>
		<category><![CDATA[ECB]]></category>
		<category><![CDATA[Federal Reserve]]></category>
		<category><![CDATA[Japan]]></category>
		<category><![CDATA[liquidity]]></category>
		<category><![CDATA[Switzerland]]></category>

		<guid isPermaLink="false">http://www.creditwritedowns.com/?p=37541</guid>
		<description><![CDATA[<p>"The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, and the Swiss National Bank are today announcing coordinated actions to enhance their capacity to provide liquidity support to the global financial system. The purpose of these actions is to ease strains in financial markets and thereby mitigate the effects of such strains on the supply of credit to households and businesses and so help foster economic activity. "</p><p><hr />Credit Writedowns Pro is now live. <a href="https://www.creditwritedowns.com/members/">Sign up today</a> for monthly or yearly subscriptions. 
<br >Also read our <a href="http://www.creditwritedowns.com/news-feed/">News Feed</a> for the latest financial and economic news.
<br ><a href="http://www.creditwritedowns.com/2011/11/full-text-frb-statement-on-coordinated-central-bank-action-on-currency-swaps.html">Full Text: FRB Statement on Coordinated Central Bank Action on Currency Swaps</a> originally appeared on <a href="http://www.creditwritedowns.com">Credit Writedowns</a>
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		<li><a href="http://www.creditwritedowns.com/2011/08/g7-statement-panic-of-2011.html" rel="bookmark">Full Text: G7 Finance Ministers&#8217; and Central Bank Governors Statement on Financial Markets</a> 7 Aug 2011<!-- (75.2)--></li>
		<li><a href="http://www.creditwritedowns.com/2011/10/full-text-euro-summit-statement-on-greek-hard-restructuring.html" rel="bookmark">Full Text: Euro Summit Statement on Greek Hard Restructuring</a> 26 Oct 2011<!-- (49.6)--></li>
		<li><a href="http://www.creditwritedowns.com/2011/11/full-text-federal-reserve-open-market-committee-statement-on-rate-decision.html" rel="bookmark">Full Text: Federal Reserve Open market Committee Statement on Rate Decision</a> 2 Nov 2011<!-- (48.6)--></li>
	</ul>
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		<slash:comments>4</slash:comments>
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		<title>Video: My Blackberry is not working</title>
		<link>http://www.creditwritedowns.com/2011/11/video-my-blackberry-is-not-working.html</link>
		<comments>http://www.creditwritedowns.com/2011/11/video-my-blackberry-is-not-working.html#comments</comments>
		<pubDate>Wed, 02 Nov 2011 19:37:34 +0000</pubDate>
		<dc:creator>Edward Harrison</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Canada]]></category>
		<category><![CDATA[investing]]></category>
		<category><![CDATA[mobile]]></category>
		<category><![CDATA[stocks]]></category>
		<category><![CDATA[Technology]]></category>

		<guid isPermaLink="false">http://www.creditwritedowns.com/?p=34846</guid>
		<description><![CDATA[<p>Stuff like this is a very bad sign for Research in Motion as their share of the mobile handset market has plummeted to 9%. Shares are at a seven-year low</p><p><hr />Credit Writedowns Pro is now live. <a href="https://www.creditwritedowns.com/members/">Sign up today</a> for monthly or yearly subscriptions. 
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<br ><a href="http://www.creditwritedowns.com/2011/11/video-my-blackberry-is-not-working.html">Video: My Blackberry is not working</a> originally appeared on <a href="http://www.creditwritedowns.com">Credit Writedowns</a>
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		<li><a href="http://www.creditwritedowns.com/2011/03/video-steve-jobs-presents-the-ipad-2.html" rel="bookmark">Video: Steve Jobs Presents the iPad 2</a> 2 Mar 2011<!-- (17.4)--></li>
		<li><a href="http://www.creditwritedowns.com/2009/03/nighttime-video-jon-stewart-lets-jim-cramer-have-it.html" rel="bookmark">Nighttime Video: Jon Stewart lets Jim Cramer have it</a> 12 Mar 2009<!-- (16.4)--></li>
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		<slash:comments>1</slash:comments>
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		<title>Constructive view of Canadian dollar</title>
		<link>http://www.creditwritedowns.com/2011/08/constructive-view-of-canadian-dollar.html</link>
		<comments>http://www.creditwritedowns.com/2011/08/constructive-view-of-canadian-dollar.html#comments</comments>
		<pubDate>Wed, 17 Aug 2011 15:15:40 +0000</pubDate>
		<dc:creator>Marc Chandler</dc:creator>
				<category><![CDATA[Markets]]></category>
		<category><![CDATA[Canada]]></category>
		<category><![CDATA[currencies]]></category>
		<category><![CDATA[investing]]></category>

		<guid isPermaLink="false">http://www.creditwritedowns.com/?p=31365</guid>
		<description><![CDATA[<p>The US dollar fell to 4-year lows against the Canadian dollar late last month near CAD0.94. In the tumultuous markets in the first half of August, the US dollar rallied about 6.5% into August 9th to briefly poke through CAD1.0 for the first time since early Feb. With today's weakness, the US dollar has surrendered a little more than a third of its rise</p><p><hr />Credit Writedowns Pro is now live. <a href="https://www.creditwritedowns.com/members/">Sign up today</a> for monthly or yearly subscriptions. 
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<br ><a href="http://www.creditwritedowns.com/2011/08/constructive-view-of-canadian-dollar.html">Constructive view of Canadian dollar</a> originally appeared on <a href="http://www.creditwritedowns.com">Credit Writedowns</a>
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		<li><a href="http://www.creditwritedowns.com/2010/04/canadian-dollar-setback.html" rel="bookmark">Canadian Dollar Setback</a> 19 Apr 2010<!-- (29.9)--></li>
		<li><a href="http://www.creditwritedowns.com/2010/10/scotia-bank-canadian-dollar-strength-driven-by-u-s-efforts-to-export-its-years-of-profligacy.html" rel="bookmark">Scotia Bank: Canadian dollar strength &#8220;driven by U.S. efforts to export its years of profligacy&#8221;</a> 14 Oct 2010<!-- (27.9)--></li>
		<li><a href="http://www.creditwritedowns.com/2010/06/seven-constructive-remarks-about-the-euro.html" rel="bookmark">Seven Constructive Remarks About the Euro</a> 9 Jun 2010<!-- (22.1)--></li>
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		<title>The Gold-Silver Ratio &#8211; Another Look</title>
		<link>http://www.creditwritedowns.com/2011/05/gold-silver-ratio.html</link>
		<comments>http://www.creditwritedowns.com/2011/05/gold-silver-ratio.html#comments</comments>
		<pubDate>Sun, 15 May 2011 16:00:00 +0000</pubDate>
		<dc:creator>Casey Research</dc:creator>
				<category><![CDATA[Markets]]></category>
		<category><![CDATA[Canada]]></category>
		<category><![CDATA[gold]]></category>
		<category><![CDATA[investing]]></category>
		<category><![CDATA[recession]]></category>
		<category><![CDATA[recovery]]></category>
		<category><![CDATA[silver]]></category>

		<guid isPermaLink="false">http://www.creditwritedowns.com/?p=28222</guid>
		<description><![CDATA[<p>The gold-silver ratio (GSR) measures how many ounces of silver one can purchase for an ounce of gold, on a certain date. Reference to the ratio has a long history. One of the first mentions was that upon the death of Alexander the Great, the ratio was 12.5 to 1. During the Roman Empire, the ratio was set at 12. By the late 19th century, the ratio had risen to 15. Interestingly, these historical ratios roughly reflect geologists’ estimates that silver is 17 times more abundant than gold in the earth’s crust. This gives many investors a reason to believe that 17 is the natural balance between these elements, and that eventually the GSR will return to it</p><p><hr />Credit Writedowns Pro is now live. <a href="https://www.creditwritedowns.com/members/">Sign up today</a> for monthly or yearly subscriptions. 
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<br ><a href="http://www.creditwritedowns.com/2011/05/gold-silver-ratio.html">The Gold-Silver Ratio &#8211; Another Look</a> originally appeared on <a href="http://www.creditwritedowns.com">Credit Writedowns</a>
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		<li><a href="http://www.creditwritedowns.com/2010/12/sell-bernanke-dollar-buy-gold-silver.html" rel="bookmark">Sell Bernanke and the U.S. dollar; Buy gold and silver</a> 13 Dec 2010<!-- (31.9)--></li>
		<li><a href="http://www.creditwritedowns.com/2011/04/gold-silver-inflation.html" rel="bookmark">Gold at record high, silver at 31-year high as inflation and negative real yields bite</a> 15 Apr 2011<!-- (28.5)--></li>
		<li><a href="http://www.creditwritedowns.com/2010/11/silver-silver-silver-more-on-the-case-of-silver.html" rel="bookmark">Silver&#8230;Silver&#8230;Silver&#8230;.&#8217;More on the Case of Silver&#8217;</a> 3 Nov 2010<!-- (27.8)--></li>
	</ul>
]]></description>
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		<slash:comments>3</slash:comments>
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		<title>Bill Gross: &#8216;Low policy rates represent an immediate threat to investment portfolios&#8217;</title>
		<link>http://www.creditwritedowns.com/2011/05/bill-gross-low-policy-rates-represent-an-immediate-threat-to-investment-portfolios.html</link>
		<comments>http://www.creditwritedowns.com/2011/05/bill-gross-low-policy-rates-represent-an-immediate-threat-to-investment-portfolios.html#comments</comments>
		<pubDate>Tue, 03 May 2011 14:45:59 +0000</pubDate>
		<dc:creator>Edward Harrison</dc:creator>
				<category><![CDATA[Markets]]></category>
		<category><![CDATA[Australia]]></category>
		<category><![CDATA[Bill Gross]]></category>
		<category><![CDATA[bonds]]></category>
		<category><![CDATA[Britain]]></category>
		<category><![CDATA[Canada]]></category>
		<category><![CDATA[financial repression]]></category>
		<category><![CDATA[government bonds]]></category>
		<category><![CDATA[India]]></category>
		<category><![CDATA[interest rates]]></category>
		<category><![CDATA[investing]]></category>
		<category><![CDATA[United States]]></category>

		<guid isPermaLink="false">http://www.creditwritedowns.com/?p=27923</guid>
		<description><![CDATA[<p>Bill Gross: Low policy rates and the increasing negative real yields that they engender as inflation accelerates represent an immediate threat to investment portfolios. Bond prices don’t necessarily have to go down for savers to get skunked during a process of "debt liquidation." PIMCO advocates a renewed vigilance, stressing bond market "safe spread" alternatives available globally, including developing/emerging market debt at higher yields denominated in non-dollar currencies. </p><p><hr />Credit Writedowns Pro is now live. <a href="https://www.creditwritedowns.com/members/">Sign up today</a> for monthly or yearly subscriptions. 
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<br ><a href="http://www.creditwritedowns.com/2011/05/bill-gross-low-policy-rates-represent-an-immediate-threat-to-investment-portfolios.html">Bill Gross: &#8216;Low policy rates represent an immediate threat to investment portfolios&#8217;</a> originally appeared on <a href="http://www.creditwritedowns.com">Credit Writedowns</a>
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		<title>On Greenspan&#8217;s pandering and the example of Canada&#8217;s banking system</title>
		<link>http://www.creditwritedowns.com/2011/04/banks-greenspan-canada.html</link>
		<comments>http://www.creditwritedowns.com/2011/04/banks-greenspan-canada.html#comments</comments>
		<pubDate>Wed, 06 Apr 2011 15:40:35 +0000</pubDate>
		<dc:creator>Edward Harrison</dc:creator>
				<category><![CDATA[Financial Institutions]]></category>
		<category><![CDATA[Alan Greenspan]]></category>
		<category><![CDATA[banks]]></category>
		<category><![CDATA[bubbles]]></category>
		<category><![CDATA[Canada]]></category>
		<category><![CDATA[capital]]></category>
		<category><![CDATA[Housing]]></category>
		<category><![CDATA[media watch]]></category>
		<category><![CDATA[regulation]]></category>
		<category><![CDATA[risk]]></category>
		<category><![CDATA[too big to fail]]></category>

		<guid isPermaLink="false">http://www.creditwritedowns.com/?p=27339</guid>
		<description><![CDATA[<p>I was on Business News Network with Rob Cox of Reuters Breakingviews yesterday. We were talking to Howard Green about all things economic. The video clip is linked below. But let me say a few words about the discussion. One of the two major topics of discussion was financial regulation and Alan Greenspan. As a </p><p><hr />Credit Writedowns Pro is now live. <a href="https://www.creditwritedowns.com/members/">Sign up today</a> for monthly or yearly subscriptions. 
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<br ><a href="http://www.creditwritedowns.com/2011/04/banks-greenspan-canada.html">On Greenspan&#8217;s pandering and the example of Canada&#8217;s banking system</a> originally appeared on <a href="http://www.creditwritedowns.com">Credit Writedowns</a>
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		<slash:comments>4</slash:comments>
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		<title>Oil Sands: Fueling the Future</title>
		<link>http://www.creditwritedowns.com/2011/03/oil-sands-fueling-the-future.html</link>
		<comments>http://www.creditwritedowns.com/2011/03/oil-sands-fueling-the-future.html#comments</comments>
		<pubDate>Tue, 22 Mar 2011 16:00:29 +0000</pubDate>
		<dc:creator>Casey Research</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Canada]]></category>
		<category><![CDATA[energy]]></category>
		<category><![CDATA[environment]]></category>
		<category><![CDATA[oil]]></category>

		<guid isPermaLink="false">http://www.creditwritedowns.com/?p=26978</guid>
		<description><![CDATA[<p>By Marin Katusa, Casey Energy Opportunities For many years, trying to tap an oil sands deposit accomplished about as much as sipping molasses through a straw, but that is changing. So do oil sands companies make a good investment now? Humans and bacteria share a surprising number of features, not least in what they consider </p><p><hr />Credit Writedowns Pro is now live. <a href="https://www.creditwritedowns.com/members/">Sign up today</a> for monthly or yearly subscriptions. 
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<br ><a href="http://www.creditwritedowns.com/2011/03/oil-sands-fueling-the-future.html">Oil Sands: Fueling the Future</a> originally appeared on <a href="http://www.creditwritedowns.com">Credit Writedowns</a>
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		<slash:comments>2</slash:comments>
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		<title>Looking Past Canadian Retail Sales</title>
		<link>http://www.creditwritedowns.com/2011/03/looking-past-canadian-retail-sales.html</link>
		<comments>http://www.creditwritedowns.com/2011/03/looking-past-canadian-retail-sales.html#comments</comments>
		<pubDate>Tue, 22 Mar 2011 12:45:53 +0000</pubDate>
		<dc:creator>Marc Chandler</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[Canada]]></category>
		<category><![CDATA[currencies]]></category>
		<category><![CDATA[economic data]]></category>
		<category><![CDATA[economic growth]]></category>
		<category><![CDATA[government]]></category>
		<category><![CDATA[retail sales]]></category>

		<guid isPermaLink="false">http://www.creditwritedowns.com/?p=26970</guid>
		<description><![CDATA[<p>Canada reported weaker than expected retail sales report. Instead of a 1.0% rise in January, StatsCan reported a 0.3% decline. Weakness was especially noted in the ex-auto component which was flat instead of up 0.7% as the consensus expected. This is the second consecutive monthly decline (Dec -0.2%) and should reinforce perceptions the BOC is on hold until at least midyear. Canada led the G7 countries in growth in Q4 and is the first to regain all the jobs lost in the economic downturn. However, the consumption is expected to slow this year and the central bank expects housing to be a drag on growth. In addition to the disappointing retail sales data, Canada's fragile political climate warrants caution for CAD bulls. </p><p><hr />Credit Writedowns Pro is now live. <a href="https://www.creditwritedowns.com/members/">Sign up today</a> for monthly or yearly subscriptions. 
<br >Also read our <a href="http://www.creditwritedowns.com/news-feed/">News Feed</a> for the latest financial and economic news.
<br ><a href="http://www.creditwritedowns.com/2011/03/looking-past-canadian-retail-sales.html">Looking Past Canadian Retail Sales</a> originally appeared on <a href="http://www.creditwritedowns.com">Credit Writedowns</a>
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	</ul>
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		<title>Canada and Oil: More Complicated than One Might Suspect</title>
		<link>http://www.creditwritedowns.com/2011/03/canada-and-oil-more-complicated-than-one-might-suspect.html</link>
		<comments>http://www.creditwritedowns.com/2011/03/canada-and-oil-more-complicated-than-one-might-suspect.html#comments</comments>
		<pubDate>Mon, 07 Mar 2011 15:30:07 +0000</pubDate>
		<dc:creator>Marc Chandler</dc:creator>
				<category><![CDATA[Markets]]></category>
		<category><![CDATA[Canada]]></category>
		<category><![CDATA[currencies]]></category>
		<category><![CDATA[Economy]]></category>
		<category><![CDATA[natural gas]]></category>
		<category><![CDATA[oil]]></category>
		<category><![CDATA[trade]]></category>

		<guid isPermaLink="false">http://www.creditwritedowns.com/?p=26613</guid>
		<description><![CDATA[<p>We have found that the correlation between oil and the Canadian dollar has collapsed. We conduct the correlation analysis on a 60-day rolling basis, using percent change. The correlation peaked at the end of last year near 0.76. It now stands at -0.1 (see graph from Bloomberg below This is the first time the correlation is inverse since the July-Oct 2007 period. In the 1992-2002 period, the correlation was often inverse, but in recent years this is an exception</p><p><hr />Credit Writedowns Pro is now live. <a href="https://www.creditwritedowns.com/members/">Sign up today</a> for monthly or yearly subscriptions. 
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<br ><a href="http://www.creditwritedowns.com/2011/03/canada-and-oil-more-complicated-than-one-might-suspect.html">Canada and Oil: More Complicated than One Might Suspect</a> originally appeared on <a href="http://www.creditwritedowns.com">Credit Writedowns</a>
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		<li><a href="http://www.creditwritedowns.com/2010/03/you-like-the-greenback-you-might-like-canada-more.html" rel="bookmark">You Like the Greenback, You Might Like Canada More</a> 11 Mar 2010<!-- (22.8)--></li>
		<li><a href="http://www.creditwritedowns.com/2009/02/canada-is-furious-about-us-protectonism.html" rel="bookmark">Canada is furious about U.S. protectonism</a> 4 Feb 2009<!-- (21.6)--></li>
		<li><a href="http://www.creditwritedowns.com/2009/11/buy-american-horror-stories-in-canada.html" rel="bookmark">&lsquo;Buy American horror stories&#8217; in Canada</a> 6 Nov 2009<!-- (21.2)--></li>
	</ul>
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		<title>Rosenberg: Fifteen Reasons To Love The Loonie</title>
		<link>http://www.creditwritedowns.com/2011/03/rosenberg-fifteen-reasons-to-love-the-loonie.html</link>
		<comments>http://www.creditwritedowns.com/2011/03/rosenberg-fifteen-reasons-to-love-the-loonie.html#comments</comments>
		<pubDate>Wed, 02 Mar 2011 15:40:47 +0000</pubDate>
		<dc:creator>Edward Harrison</dc:creator>
				<category><![CDATA[Markets]]></category>
		<category><![CDATA[banks]]></category>
		<category><![CDATA[Canada]]></category>
		<category><![CDATA[commodities]]></category>
		<category><![CDATA[currencies]]></category>
		<category><![CDATA[David Rosenberg]]></category>
		<category><![CDATA[economic growth]]></category>
		<category><![CDATA[Fiscal]]></category>
		<category><![CDATA[taxes]]></category>

		<guid isPermaLink="false">http://www.creditwritedowns.com/?p=26441</guid>
		<description><![CDATA[<p>From this morning&#8217;s Breakfast with Dave missive: FIFTEEN REASONS TO LOVE THE LOONIE (WE COULDN’T STOP AT TEN!) Better growth than in the U.S.A. and without need for stimulus Responsible central bank, limiting growth in its balance sheet Better fiscal backdrop More conservative political environment Triple the exposure to raw material than the U.S.A. Investors </p><p><hr />Credit Writedowns Pro is now live. <a href="https://www.creditwritedowns.com/members/">Sign up today</a> for monthly or yearly subscriptions. 
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<br ><a href="http://www.creditwritedowns.com/2011/03/rosenberg-fifteen-reasons-to-love-the-loonie.html">Rosenberg: Fifteen Reasons To Love The Loonie</a> originally appeared on <a href="http://www.creditwritedowns.com">Credit Writedowns</a>
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		<li><a href="http://www.creditwritedowns.com/2010/04/lets-get-serious-about-the-loonie.html" rel="bookmark">Let&#8217;s Get Serious About the Loonie</a> 21 Apr 2010<!-- (26.8)--></li>
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	</ul>
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		<title>Recent thoughts on jobs and economy via BNN</title>
		<link>http://www.creditwritedowns.com/2011/01/recent-thoughts-on-jobs-and-economy-via-bnn.html</link>
		<comments>http://www.creditwritedowns.com/2011/01/recent-thoughts-on-jobs-and-economy-via-bnn.html#comments</comments>
		<pubDate>Mon, 10 Jan 2011 17:41:25 +0000</pubDate>
		<dc:creator>Edward Harrison</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[Canada]]></category>
		<category><![CDATA[economic recovery]]></category>
		<category><![CDATA[jobs]]></category>
		<category><![CDATA[media watch]]></category>
		<category><![CDATA[United States]]></category>

		<guid isPermaLink="false">http://www.creditwritedowns.com/?p=24731</guid>
		<description><![CDATA[<p>I spoke to Paul Waldie on BNN this past Friday about the US and Canadian jobs reports. The BBH note that morning on the risk of “buy the rumor sell the fact” ahead of the jobs report was on the money. After the stellar ADP data on Wednesday, the whisper number for US non-farm payrolls </p><p><hr />Credit Writedowns Pro is now live. <a href="https://www.creditwritedowns.com/members/">Sign up today</a> for monthly or yearly subscriptions. 
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<br ><a href="http://www.creditwritedowns.com/2011/01/recent-thoughts-on-jobs-and-economy-via-bnn.html">Recent thoughts on jobs and economy via BNN</a> originally appeared on <a href="http://www.creditwritedowns.com">Credit Writedowns</a>
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		<li><a href="http://www.creditwritedowns.com/2010/12/anticipating-good-employment-situation-report.html" rel="bookmark">Some Thoughts on the US Jobs Report</a> 2 Dec 2010<!-- (28.8)--></li>
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		<title>A Vote for Gold</title>
		<link>http://www.creditwritedowns.com/2010/12/vote-for-gold.html</link>
		<comments>http://www.creditwritedowns.com/2010/12/vote-for-gold.html#comments</comments>
		<pubDate>Mon, 20 Dec 2010 15:00:45 +0000</pubDate>
		<dc:creator>Frederick Sheehan</dc:creator>
				<category><![CDATA[Markets]]></category>
		<category><![CDATA[Canada]]></category>
		<category><![CDATA[central banks]]></category>
		<category><![CDATA[fiat currency]]></category>
		<category><![CDATA[gold]]></category>
		<category><![CDATA[gold standard]]></category>

		<guid isPermaLink="false">http://www.creditwritedowns.com/?p=23708</guid>
		<description><![CDATA[<p><blockquote>
  <p>&#34;...Bank of Canada Governor Mark Carney tried to calm everyone's nerves by declaring that gold 'has no role to play in the international monetary system.'&#34;</p>

  <p><i>Globe and Mail</i>, November 12, 2010</p>
</blockquote>

<p>Carney did not calm the nerves of Hans Merkelbach, investor, advisor, investor advocate, and watch dog of money manipulators, who wrote to the central banker from his office on Bowen Island, British Columbia. After quoting the above, Merkelbach rebuked Carney:</p>

<blockquote>
  <p>&#34;Let's get real! Would you explain to me why you, the ex-Goldman Sachs partner, besides having a warped idea of monetary matters, made such a ridiculous statement? The houses of cards are falling all around you, dear sir, but I guess it is hard to notice the bloody monetary mess from the ivory tower.&#34;</p>
</blockquote>

<p>Carney, no fool, but offensively patronizing, replied: &#34;I said in a recent speech...that it is the adjustment mechanism rather than the choice of reserve asset that ultimately matters.&#34;</p</p><p><hr />Credit Writedowns Pro is now live. <a href="https://www.creditwritedowns.com/members/">Sign up today</a> for monthly or yearly subscriptions. 
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<br ><a href="http://www.creditwritedowns.com/2010/12/vote-for-gold.html">A Vote for Gold</a> originally appeared on <a href="http://www.creditwritedowns.com">Credit Writedowns</a>
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		<li><a href="http://www.creditwritedowns.com/2010/11/the-fed-gold-and-gold-stocks.html" rel="bookmark">The Fed, Gold, and Gold Stocks</a> 6 Nov 2010<!-- (17.6)--></li>
		<li><a href="http://www.creditwritedowns.com/2010/08/an-addendum-to-the-flations-gold-5000.html" rel="bookmark">An Addendum to the &#8216;Flations &#8211; Gold $5,000</a> 31 Aug 2010<!-- (16)--></li>
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	</ul>
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		<title>Rosenberg: Ten Investment Themes for 2011</title>
		<link>http://www.creditwritedowns.com/2010/12/rosenberg-ten-investment-themes-for-2011.html</link>
		<comments>http://www.creditwritedowns.com/2010/12/rosenberg-ten-investment-themes-for-2011.html#comments</comments>
		<pubDate>Mon, 13 Dec 2010 21:27:30 +0000</pubDate>
		<dc:creator>Guest Author</dc:creator>
				<category><![CDATA[Forecasts]]></category>
		<category><![CDATA[bonds]]></category>
		<category><![CDATA[Canada]]></category>
		<category><![CDATA[China]]></category>
		<category><![CDATA[David Rosenberg]]></category>
		<category><![CDATA[deflation]]></category>
		<category><![CDATA[Emerging Markets]]></category>
		<category><![CDATA[Fiscal]]></category>
		<category><![CDATA[interest rates]]></category>
		<category><![CDATA[stocks]]></category>

		<guid isPermaLink="false">http://www.creditwritedowns.com/2010/12/rosenberg-ten-investment-themes-for-2011.html</guid>
		<description><![CDATA[<p>The following is an excerpt from David Rosenberg's recent Lunch with Dave daily research piece highlighting Ten Themes for 2011. These themes are quite a bit different than the ones we highlighted just days ago from former colleague Richard Bernstein - much more cautious on the near-term future</p><p><hr />Credit Writedowns Pro is now live. <a href="https://www.creditwritedowns.com/members/">Sign up today</a> for monthly or yearly subscriptions. 
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<br ><a href="http://www.creditwritedowns.com/2010/12/rosenberg-ten-investment-themes-for-2011.html">Rosenberg: Ten Investment Themes for 2011</a> originally appeared on <a href="http://www.creditwritedowns.com">Credit Writedowns</a>
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		<title>Scotia Bank: Canadian dollar strength &#8220;driven by U.S. efforts to export its years of profligacy&#8221;</title>
		<link>http://www.creditwritedowns.com/2010/10/scotia-bank-canadian-dollar-strength-driven-by-u-s-efforts-to-export-its-years-of-profligacy.html</link>
		<comments>http://www.creditwritedowns.com/2010/10/scotia-bank-canadian-dollar-strength-driven-by-u-s-efforts-to-export-its-years-of-profligacy.html#comments</comments>
		<pubDate>Thu, 14 Oct 2010 20:15:26 +0000</pubDate>
		<dc:creator>Edward Harrison</dc:creator>
				<category><![CDATA[Political Economy]]></category>
		<category><![CDATA[Canada]]></category>
		<category><![CDATA[China]]></category>
		<category><![CDATA[currencies]]></category>
		<category><![CDATA[protectionism]]></category>

		<guid isPermaLink="false">http://www.creditwritedowns.com/?p=21292</guid>
		<description><![CDATA[<p>I think it&#8217;s fair to characterize the situation with the Fed&#8217;s Quantitative Easing Open Mouth Operations as somewhat out of control. Fears of a disorderly decline in the US dollar are certainly increasing. If anything, the US dollar is oversold right now as Marc Chandler pointed out this morning. Moreover, I think QE is a </p><p><hr />Credit Writedowns Pro is now live. <a href="https://www.creditwritedowns.com/members/">Sign up today</a> for monthly or yearly subscriptions. 
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<br ><a href="http://www.creditwritedowns.com/2010/10/scotia-bank-canadian-dollar-strength-driven-by-u-s-efforts-to-export-its-years-of-profligacy.html">Scotia Bank: Canadian dollar strength &#8220;driven by U.S. efforts to export its years of profligacy&#8221;</a> originally appeared on <a href="http://www.creditwritedowns.com">Credit Writedowns</a>
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		<title>Canadian Jobs Data Underscore Likelihood of Rate Hike</title>
		<link>http://www.creditwritedowns.com/2010/07/canadian-jobs-data-underscore-likelihood-rate-hike.html</link>
		<comments>http://www.creditwritedowns.com/2010/07/canadian-jobs-data-underscore-likelihood-rate-hike.html#comments</comments>
		<pubDate>Mon, 12 Jul 2010 13:25:52 +0000</pubDate>
		<dc:creator>Marc Chandler</dc:creator>
				<category><![CDATA[Markets]]></category>
		<category><![CDATA[Canada]]></category>
		<category><![CDATA[currencies]]></category>
		<category><![CDATA[financial news]]></category>
		<category><![CDATA[interest rates]]></category>
		<category><![CDATA[jobs]]></category>

		<guid isPermaLink="false">http://www.creditwritedowns.com/?p=18546</guid>
		<description><![CDATA[<p>Canada reported incredibly strong jobs data before the weekend.&#160; Canada grew 93.2k jobs, more than 4 times more than than market expected.&#160; It grew almost 50k full time jobs.&#160; These are impressive numbers and renews expectations that the Bank of Canada will raise rates when it meets again next week, even though there have been </p><p><hr />Credit Writedowns Pro is now live. <a href="https://www.creditwritedowns.com/members/">Sign up today</a> for monthly or yearly subscriptions. 
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<br ><a href="http://www.creditwritedowns.com/2010/07/canadian-jobs-data-underscore-likelihood-rate-hike.html">Canadian Jobs Data Underscore Likelihood of Rate Hike</a> originally appeared on <a href="http://www.creditwritedowns.com">Credit Writedowns</a>
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		<li><a href="http://www.creditwritedowns.com/2010/06/jobs-data-in-focus.html" rel="bookmark">Jobs Data in Focus</a> 4 Jun 2010<!-- (30.3)--></li>
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		<title>Canadian and Australian Dollars as Reserve Assets</title>
		<link>http://www.creditwritedowns.com/2010/06/canadian-australian-dollars-reserve-assets.html</link>
		<comments>http://www.creditwritedowns.com/2010/06/canadian-australian-dollars-reserve-assets.html#comments</comments>
		<pubDate>Tue, 22 Jun 2010 14:32:23 +0000</pubDate>
		<dc:creator>Marc Chandler</dc:creator>
				<category><![CDATA[Markets]]></category>
		<category><![CDATA[Australia]]></category>
		<category><![CDATA[Canada]]></category>
		<category><![CDATA[central banks]]></category>
		<category><![CDATA[currencies]]></category>

		<guid isPermaLink="false">http://www.creditwritedowns.com/?p=17812</guid>
		<description><![CDATA[<p>Last year Russia previously indicated it was thinking about adding Australian and Canadian dollars to its reserves.&#160; More recently it said it was preparing to do just that.&#160; At the end of last week, the ECB&#8217;s Noyer opined that these two currencies were going to have an increased role as reserve assets.&#160; There is even </p><p><hr />Credit Writedowns Pro is now live. <a href="https://www.creditwritedowns.com/members/">Sign up today</a> for monthly or yearly subscriptions. 
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<br ><a href="http://www.creditwritedowns.com/2010/06/canadian-australian-dollars-reserve-assets.html">Canadian and Australian Dollars as Reserve Assets</a> originally appeared on <a href="http://www.creditwritedowns.com">Credit Writedowns</a>
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		<li><a href="http://www.creditwritedowns.com/2009/09/china-to-diversify-out-of-u-s-dollars.html" rel="bookmark">China to diversify out of U.S. dollars</a> 6 Sep 2009<!-- (21)--></li>
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	</ul>
]]></description>
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		<title>Dollar to Rally After ECB Rate Decision</title>
		<link>http://www.creditwritedowns.com/2010/06/dollar-to-rally-after-ecb-rate-decision.html</link>
		<comments>http://www.creditwritedowns.com/2010/06/dollar-to-rally-after-ecb-rate-decision.html#comments</comments>
		<pubDate>Thu, 10 Jun 2010 11:23:05 +0000</pubDate>
		<dc:creator>Marc Chandler</dc:creator>
				<category><![CDATA[Markets]]></category>
		<category><![CDATA[Canada]]></category>
		<category><![CDATA[central banks]]></category>
		<category><![CDATA[currencies]]></category>
		<category><![CDATA[Europe]]></category>
		<category><![CDATA[Sweden]]></category>

		<guid isPermaLink="false">http://www.creditwritedowns.com/?p=16945</guid>
		<description><![CDATA[<p>Highlights The US dollar is softer across the board and is indeed at new lows for the week against most of the major currencies ahead of a relatively constructive string of economic data and rate hikes from New Zealand and Brazil, a healthy reception to the first Spanish bond auction since the credit downgrade at </p><p><hr />Credit Writedowns Pro is now live. <a href="https://www.creditwritedowns.com/members/">Sign up today</a> for monthly or yearly subscriptions. 
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<br ><a href="http://www.creditwritedowns.com/2010/06/dollar-to-rally-after-ecb-rate-decision.html">Dollar to Rally After ECB Rate Decision</a> originally appeared on <a href="http://www.creditwritedowns.com">Credit Writedowns</a>
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		<li><a href="http://www.creditwritedowns.com/2008/09/dollar-rally-spells-trouble-for-some.html" rel="bookmark">The dollar rally spells trouble for some investors</a> 5 Sep 2008<!-- (29.2)--></li>
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	</ul>
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		<item>
		<title>Canadian Housing Bubble Showing Cracks</title>
		<link>http://www.creditwritedowns.com/2010/06/canadian-housing-bubble-showing-cracks.html</link>
		<comments>http://www.creditwritedowns.com/2010/06/canadian-housing-bubble-showing-cracks.html#comments</comments>
		<pubDate>Wed, 09 Jun 2010 17:30:34 +0000</pubDate>
		<dc:creator>Edward Harrison</dc:creator>
				<category><![CDATA[Housing]]></category>
		<category><![CDATA[bubbles]]></category>
		<category><![CDATA[Canada]]></category>
		<category><![CDATA[home builders]]></category>

		<guid isPermaLink="false">http://www.creditwritedowns.com/?p=16919</guid>
		<description><![CDATA[<p>Canada has had quite a run in its property market. But, the most recent data are a bit soft. David Rosenberg writes: After a string of above-expected economic data releases, Canadian housing starts missed the mark. Starts sunk 6.3% MoM, to 189.1k May, well below economists’ (optimistic) estimates for a small increase to 202k from </p><p><hr />Credit Writedowns Pro is now live. <a href="https://www.creditwritedowns.com/members/">Sign up today</a> for monthly or yearly subscriptions. 
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<br ><a href="http://www.creditwritedowns.com/2010/06/canadian-housing-bubble-showing-cracks.html">Canadian Housing Bubble Showing Cracks</a> originally appeared on <a href="http://www.creditwritedowns.com">Credit Writedowns</a>
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<ul>
		<li><a href="http://www.creditwritedowns.com/2010/02/canadian-housing-bubble.html" rel="bookmark">Canadian housing bubble</a> 8 Feb 2010<!-- (50.8)--></li>
		<li><a href="http://www.creditwritedowns.com/2009/12/is-the-canadian-housing-market-a-bubble.html" rel="bookmark">Is the Canadian housing market a bubble?</a> 14 Dec 2009<!-- (49.2)--></li>
		<li><a href="http://www.creditwritedowns.com/2009/11/case-shiller-home-price-index-up-for-5th-time-but-cracks-showing.html" rel="bookmark">Case-Shiller Home Price Index up for 5th time, but cracks showing</a> 24 Nov 2009<!-- (48.1)--></li>
	</ul>
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		<slash:comments>3</slash:comments>
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		<title>RBA Sits Tight But Bank of Canada Moves 0.25% As Expected</title>
		<link>http://www.creditwritedowns.com/2010/06/rba-sits-tight-but-bank-of-canada-moves-0-25-as-expected.html</link>
		<comments>http://www.creditwritedowns.com/2010/06/rba-sits-tight-but-bank-of-canada-moves-0-25-as-expected.html#comments</comments>
		<pubDate>Tue, 01 Jun 2010 17:16:30 +0000</pubDate>
		<dc:creator>Marc Chandler</dc:creator>
				<category><![CDATA[Markets]]></category>
		<category><![CDATA[Australia]]></category>
		<category><![CDATA[Canada]]></category>
		<category><![CDATA[central banks]]></category>
		<category><![CDATA[currencies]]></category>
		<category><![CDATA[interest rates]]></category>

		<guid isPermaLink="false">http://www.creditwritedowns.com/?p=16558</guid>
		<description><![CDATA[<p>Australia The Reserve Bank of Australia met earlier today and as widely expected kept the official rate steady at 4.5%.&#160; The tone of the statement was fairly neutral, as one might expect after 6 rates hikes since last October and increased uncertainty about the economic outlook of Europe and China. Australia reports Q1 GDP figures </p><p><hr />Credit Writedowns Pro is now live. <a href="https://www.creditwritedowns.com/members/">Sign up today</a> for monthly or yearly subscriptions. 
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<br ><a href="http://www.creditwritedowns.com/2010/06/rba-sits-tight-but-bank-of-canada-moves-0-25-as-expected.html">RBA Sits Tight But Bank of Canada Moves 0.25% As Expected</a> originally appeared on <a href="http://www.creditwritedowns.com">Credit Writedowns</a>
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		<li><a href="http://www.creditwritedowns.com/2008/06/royal-bank-of-canada-time-for-takeover.html" rel="bookmark">Royal Bank of Canada: time for takeover talks</a> 14 Jun 2008<!-- (30.9)--></li>
		<li><a href="http://www.creditwritedowns.com/2009/04/bank-of-canada-blames-geithner-for-financial-mess.html" rel="bookmark">Bank of Canada blames Geithner for financial mess</a> 24 Apr 2009<!-- (30.9)--></li>
		<li><a href="http://www.creditwritedowns.com/2010/03/you-like-the-greenback-you-might-like-canada-more.html" rel="bookmark">You Like the Greenback, You Might Like Canada More</a> 11 Mar 2010<!-- (21.8)--></li>
	</ul>
]]></description>
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		<title>Euro Advances in Quieter Markets on Short Covering</title>
		<link>http://www.creditwritedowns.com/2010/05/euro-advances-in-quieter-markets-on-short-covering.html</link>
		<comments>http://www.creditwritedowns.com/2010/05/euro-advances-in-quieter-markets-on-short-covering.html#comments</comments>
		<pubDate>Fri, 28 May 2010 12:32:58 +0000</pubDate>
		<dc:creator>Marc Chandler</dc:creator>
				<category><![CDATA[Markets]]></category>
		<category><![CDATA[Canada]]></category>
		<category><![CDATA[currencies]]></category>
		<category><![CDATA[Europe]]></category>
		<category><![CDATA[investing]]></category>
		<category><![CDATA[Sweden]]></category>

		<guid isPermaLink="false">http://www.creditwritedowns.com/?p=16439</guid>
		<description><![CDATA[<p>The US dollar is mostly little changed today. The main feature is the covering of short euro positions and this has lifted the single currency to new four-day highs against the dollar. As we have noted in recent days, its downside momentum had faded and the near-term risk was bout of position squaring. The other notable exceptions today are the Australian and Canadian dollars, with the help of bottom pickers and firmer commodity prices, and the Swedish krona, which has been underpinned by a stronger than expected Q1 GDP and a significant upward revision to the Q4 09 GDP. Lastly, the Israeli shekel, which has been particularly active in recent days amid MSCI re-weighting related adjustments, is giving back yesterday’s late gains and net-net is little changed on the week that saw a 3% range from high to low</p><p><hr />Credit Writedowns Pro is now live. <a href="https://www.creditwritedowns.com/members/">Sign up today</a> for monthly or yearly subscriptions. 
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<br ><a href="http://www.creditwritedowns.com/2010/05/euro-advances-in-quieter-markets-on-short-covering.html">Euro Advances in Quieter Markets on Short Covering</a> originally appeared on <a href="http://www.creditwritedowns.com">Credit Writedowns</a>
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		<li><a href="http://www.creditwritedowns.com/2009/06/market-manipulation-short-covering-rallies-and-cyclical-bulls.html" rel="bookmark">Market manipulation, short-covering rallies and cyclical bulls</a> 1 Jun 2009<!-- (39.1)--></li>
		<li><a href="http://www.creditwritedowns.com/2010/05/short-euro-liquidation.html" rel="bookmark">Short Euro Liquidation</a> 19 May 2010<!-- (29.8)--></li>
		<li><a href="http://www.creditwritedowns.com/2010/05/euro-losses-accelerate-as-germany-bans-some-short-selling.html" rel="bookmark">Euro Losses Accelerate As Germany Bans Some Short-selling</a> 18 May 2010<!-- (28.6)--></li>
	</ul>
]]></description>
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		<slash:comments>1</slash:comments>
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		<title>David Rosenberg on the Canadian Housing boom and the V-shaped recovery</title>
		<link>http://www.creditwritedowns.com/2010/04/david-rosenberg-on-the-canadian-housing-boom-and-the-v-shaped-recovery.html</link>
		<comments>http://www.creditwritedowns.com/2010/04/david-rosenberg-on-the-canadian-housing-boom-and-the-v-shaped-recovery.html#comments</comments>
		<pubDate>Fri, 23 Apr 2010 15:20:31 +0000</pubDate>
		<dc:creator>Edward Harrison</dc:creator>
				<category><![CDATA[Housing]]></category>
		<category><![CDATA[bubbles]]></category>
		<category><![CDATA[Canada]]></category>
		<category><![CDATA[interest rates]]></category>

		<guid isPermaLink="false">http://www.creditwritedowns.com/2010/04/david-rosenberg-on-the-canadian-housing-boom-and-the-v-shaped-recovery.html</guid>
		<description><![CDATA[<p>David Rosenberg has been pretty bullish on the Canadian economy.&#160; In the wake of recent tightening of regulations on housing in Canada, he muses about what this will mean for the Canadian housing market and the broader economy. Based on our statistical work, around half of the 7% annualized growth rate in nominal GDP from </p><p><hr />Credit Writedowns Pro is now live. <a href="https://www.creditwritedowns.com/members/">Sign up today</a> for monthly or yearly subscriptions. 
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<br ><a href="http://www.creditwritedowns.com/2010/04/david-rosenberg-on-the-canadian-housing-boom-and-the-v-shaped-recovery.html">David Rosenberg on the Canadian Housing boom and the V-shaped recovery</a> originally appeared on <a href="http://www.creditwritedowns.com">Credit Writedowns</a>
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		<li><a href="http://www.creditwritedowns.com/2010/02/canadian-housing-bubble.html" rel="bookmark">Canadian housing bubble</a> 8 Feb 2010<!-- (36)--></li>
		<li><a href="http://www.creditwritedowns.com/2008/07/canadian-housing-hits-wall.html" rel="bookmark">Canadian housing hits the wall</a> 28 Jul 2008<!-- (34.7)--></li>
		<li><a href="http://www.creditwritedowns.com/2008/09/canadian-housing-crisis-warning.html" rel="bookmark">Canadian housing crisis warning</a> 24 Sep 2008<!-- (34.7)--></li>
	</ul>
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		<title>Let&#8217;s Get Serious About the Loonie</title>
		<link>http://www.creditwritedowns.com/2010/04/lets-get-serious-about-the-loonie.html</link>
		<comments>http://www.creditwritedowns.com/2010/04/lets-get-serious-about-the-loonie.html#comments</comments>
		<pubDate>Wed, 21 Apr 2010 15:30:03 +0000</pubDate>
		<dc:creator>Marc Chandler</dc:creator>
				<category><![CDATA[Markets]]></category>
		<category><![CDATA[Canada]]></category>
		<category><![CDATA[central banks]]></category>
		<category><![CDATA[currencies]]></category>
		<category><![CDATA[interest rates]]></category>

		<guid isPermaLink="false">http://www.creditwritedowns.com/2010/04/lets-get-serious-about-the-loonie.html</guid>
		<description><![CDATA[<p>The Bank of Canada&#8217;s statement yesterday, where it dropped it conditional promise about keeping rates steady and raised this year&#8217;s growth outlook triggered new Canadian dollar buying.&#160; We too have been bullish the Canadian dollar. However, what concerns us is that the market seems to be getting ahead of itself.&#160; Forward rates are rising further </p><p><hr />Credit Writedowns Pro is now live. <a href="https://www.creditwritedowns.com/members/">Sign up today</a> for monthly or yearly subscriptions. 
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<br ><a href="http://www.creditwritedowns.com/2010/04/lets-get-serious-about-the-loonie.html">Let&#8217;s Get Serious About the Loonie</a> originally appeared on <a href="http://www.creditwritedowns.com">Credit Writedowns</a>
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		<li><a href="http://www.creditwritedowns.com/2010/02/still-want-to-buy-the-loonie-on-this-pullback.html" rel="bookmark">Still Want to Buy the Loonie on this Pullback</a> 26 Feb 2010<!-- (26.5)--></li>
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		<title>Bubblicious mortgage deals, Canadian version</title>
		<link>http://www.creditwritedowns.com/2010/04/bubblicious-mortgage-deals-canadian-version.html</link>
		<comments>http://www.creditwritedowns.com/2010/04/bubblicious-mortgage-deals-canadian-version.html#comments</comments>
		<pubDate>Tue, 20 Apr 2010 16:07:39 +0000</pubDate>
		<dc:creator>Edward Harrison</dc:creator>
				<category><![CDATA[Financial Institutions]]></category>
		<category><![CDATA[bubbles]]></category>
		<category><![CDATA[Canada]]></category>
		<category><![CDATA[Housing]]></category>

		<guid isPermaLink="false">http://www.creditwritedowns.com/2010/04/bubblicious-mortgage-deals-canadian-version.html</guid>
		<description><![CDATA[<p>You can get some pretty good mortgage deals in Canada these days Today I got this drift via this intrusive banner advert from CIBC. Clearly CIBC wants you to see this advertisement. The deal is 4.74 fixed with 2% cash back if you switch to CIBC. The company says: Making the switch to a CIBC </p><p><hr />Credit Writedowns Pro is now live. <a href="https://www.creditwritedowns.com/members/">Sign up today</a> for monthly or yearly subscriptions. 
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<br ><a href="http://www.creditwritedowns.com/2010/04/bubblicious-mortgage-deals-canadian-version.html">Bubblicious mortgage deals, Canadian version</a> originally appeared on <a href="http://www.creditwritedowns.com">Credit Writedowns</a>
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		<li><a href="http://www.creditwritedowns.com/2010/02/canadian-housing-bubble.html" rel="bookmark">Canadian housing bubble</a> 8 Feb 2010<!-- (21.9)--></li>
		<li><a href="http://www.creditwritedowns.com/2008/07/canadian-housing-hits-wall.html" rel="bookmark">Canadian housing hits the wall</a> 28 Jul 2008<!-- (20.7)--></li>
		<li><a href="http://www.creditwritedowns.com/2008/09/canadian-housing-crisis-warning.html" rel="bookmark">Canadian housing crisis warning</a> 24 Sep 2008<!-- (20.7)--></li>
	</ul>
]]></description>
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		<title>Canadian Dollar Setback</title>
		<link>http://www.creditwritedowns.com/2010/04/canadian-dollar-setback.html</link>
		<comments>http://www.creditwritedowns.com/2010/04/canadian-dollar-setback.html#comments</comments>
		<pubDate>Mon, 19 Apr 2010 14:01:40 +0000</pubDate>
		<dc:creator>Marc Chandler</dc:creator>
				<category><![CDATA[Markets]]></category>
		<category><![CDATA[bonds]]></category>
		<category><![CDATA[Canada]]></category>
		<category><![CDATA[currencies]]></category>
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		<guid isPermaLink="false">http://www.creditwritedowns.com/2010/04/canadian-dollar-setback.html</guid>
		<description><![CDATA[<p>Falling commodity prices amid general position adjustment in the foreign exchange market is weighing on the Canadian dollar today. The Loonie is trading at its lowest level since late March.&#160; The near-term risk seems to extend toward CAD1.03, but the underlying favorable fundamentals remain intact. On top of the softer commodity story and unwinding of </p><p><hr />Credit Writedowns Pro is now live. <a href="https://www.creditwritedowns.com/members/">Sign up today</a> for monthly or yearly subscriptions. 
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<br ><a href="http://www.creditwritedowns.com/2010/04/canadian-dollar-setback.html">Canadian Dollar Setback</a> originally appeared on <a href="http://www.creditwritedowns.com">Credit Writedowns</a>
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		<title>Consolidative Tone Emerges, Times to Catch Your Breath</title>
		<link>http://www.creditwritedowns.com/2010/03/consolidative-tone-emerges-times-to-catch-your-breath.html</link>
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		<pubDate>Thu, 25 Mar 2010 11:40:00 +0000</pubDate>
		<dc:creator>Marc Chandler</dc:creator>
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		<description><![CDATA[<p>Marc Chandler is the global head of Brown Brother Harriman’s top ranked Currency Strategy Team. For more of BBH’s currency views, please visit the BBH FX website here. Highlights The US dollar is consolidating yesterday’s outsized gains.&#160; Profit-taking appears largely minimal, though sterling did receive a boost by the much stronger than expected February retail </p><p><hr />Credit Writedowns Pro is now live. <a href="https://www.creditwritedowns.com/members/">Sign up today</a> for monthly or yearly subscriptions. 
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<br ><a href="http://www.creditwritedowns.com/2010/03/consolidative-tone-emerges-times-to-catch-your-breath.html">Consolidative Tone Emerges, Times to Catch Your Breath</a> originally appeared on <a href="http://www.creditwritedowns.com">Credit Writedowns</a>
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		<title>You Like the Greenback, You Might Like Canada More</title>
		<link>http://www.creditwritedowns.com/2010/03/you-like-the-greenback-you-might-like-canada-more.html</link>
		<comments>http://www.creditwritedowns.com/2010/03/you-like-the-greenback-you-might-like-canada-more.html#comments</comments>
		<pubDate>Thu, 11 Mar 2010 15:30:49 +0000</pubDate>
		<dc:creator>Marc Chandler</dc:creator>
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		<description><![CDATA[<p>Canada reported a larger than expected trade surplus earlier today.&#160; At C$0.8 bln, it was four times larger than expected and the December figures were revised to show a C$0.1 bln surplus instead of a C$0.2 bln deficit.&#160; Canada also reported a strong rise in Q4 capacity utilization rate to 70.9% from a revised 68.7% </p><p><hr />Credit Writedowns Pro is now live. <a href="https://www.creditwritedowns.com/members/">Sign up today</a> for monthly or yearly subscriptions. 
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<br ><a href="http://www.creditwritedowns.com/2010/03/you-like-the-greenback-you-might-like-canada-more.html">You Like the Greenback, You Might Like Canada More</a> originally appeared on <a href="http://www.creditwritedowns.com">Credit Writedowns</a>
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		<title>Links: 2010-03-02 &#8211; Canada doing well, socializing losses in Spain and more</title>
		<link>http://www.creditwritedowns.com/2010/03/links-2010-03-02-canada-doing-well-socializing-losses-in-spain-and-more.html</link>
		<comments>http://www.creditwritedowns.com/2010/03/links-2010-03-02-canada-doing-well-socializing-losses-in-spain-and-more.html#comments</comments>
		<pubDate>Tue, 02 Mar 2010 13:17:38 +0000</pubDate>
		<dc:creator>Edward Harrison</dc:creator>
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		<description><![CDATA[<p>Chilean Quake Likely Shifted Earth’s Axis, NASA Scientist Says &#8211; Bloomberg.com Strong demand for 30 year gilt auction &#124; Business &#124; guardian.co.uk GM to recall 1.3 million cars in North America FT.com / Europe &#8211; Spanish jobless rate hits 19% as recession spreads FT Alphaville &#8211; Tracy Alloway &#8211; On the non-existent basis of a </p><p><hr />Credit Writedowns Pro is now live. <a href="https://www.creditwritedowns.com/members/">Sign up today</a> for monthly or yearly subscriptions. 
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		<title>Still Want to Buy the Loonie on this Pullback</title>
		<link>http://www.creditwritedowns.com/2010/02/still-want-to-buy-the-loonie-on-this-pullback.html</link>
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		<pubDate>Fri, 26 Feb 2010 20:58:07 +0000</pubDate>
		<dc:creator>Marc Chandler</dc:creator>
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		<description><![CDATA[<p>The following is a post by Marc Chandler, head of Brown Brother Harriman’s Currency Strategy Team. For more of BBH’s currency views, visit the website here. Canada reported a somewhat disappointing Q4 09 current account data today, but this is not sufficient to change our preference to buy Canadian dollars on weakness. The current account </p><p><hr />Credit Writedowns Pro is now live. <a href="https://www.creditwritedowns.com/members/">Sign up today</a> for monthly or yearly subscriptions. 
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<br ><a href="http://www.creditwritedowns.com/2010/02/still-want-to-buy-the-loonie-on-this-pullback.html">Still Want to Buy the Loonie on this Pullback</a> originally appeared on <a href="http://www.creditwritedowns.com">Credit Writedowns</a>
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