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High Canadian Dollary Linked to Tar Sands
September 24, 2007
High Canadian Dollary Linked to Tar Sands
The rise in value of the Canadian dollar "is an energy story," said Busch. With crude oil futures trading at more than $83 U.S., investment capital is pouring north to help extract oil from so-called tar sands, also known as oil sands, in the province of Alberta.
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Dominion Weblogs compiles the weblogs of Dominion editors and writers. The topics discussed are wide-ranging, but Canadian Foreign Policy, grassroots politics, and independent media are chief among them.
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High dollar hurts Canadians
Yippee. Unrestrained boom that hurts every other province.
That Bank of Canada sure is myopic, but then they just take their orders from the Bank for International Settlements.