- Loonie is at a 130 year high v.s. the US dollar. We're by definition long term investors... how long do you think that will last? The largest economy in the world (although China is closing in) and the largest manufacturing smoke-stack apparatus the globe has ever seen, backed by a low greenback = strong exports and improving trade deficit. The US trade deficit has already improved over the past 12 months.
- IMHO, US public companies have the most reliable and conservatively stated financial information in their reports. The Sarbanes-Oxley legislation introduced in 2002 (created from the Enron/World.com hangover) has tightened the noose around the CEO/CFO's collective necks regarding disclosure. Eliot Spitzer has made his impact as well. There many examples of US executives getting 20+ year jail sentences for fraud... can you remember the last time a Canadian or European executive went to jail? Even overt criminal examples such as Bre-X have gone unpunished in my country.
- Finally, many folks have gone broke by shorting consumer driven companies. Never under-estimate the US consumer.
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