In an announcement that caught us rather off-guard, IMF economists agreed with Wenzel's earlier economic forecast of trouble resulting from a high Canadian dollar and sluggish American economy. For our original thoughts, check out "The Curious Case of the Canada's Currency" attempts to spell out the problems mentioned in the third paragraph below.
http://www.cbc.ca/story/money/national/2006/09/14/imf-useconomy.html
Thursday, September 14, 2006
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