Posted AT 4:52 PM EST on 17/12/08
Buy Canada, Goldman Sachs says
Now is a good time to buy Canadian dollars because the country's economic picture is less dire than in other Group of 10 nations, Goldman Sachs said Wednesday.
The report by the U.S.-based bank comes after the Canadian currency has tumbled 17 per cent against the U.S. dollar this year and has been little changed over the past month even as other currencies have strengthened.
“We think the Canadian dollar ... has potential to play catch up” as the U.S.
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