The Great White North and Commodities

The Canadian dollar is on a tear. The currency is up more than 5% against the greenback in the beginning of the year. Why? Canada is a world heavyweight in commodities, and 35% of the exports of this country are commodities. The Great White North is the 8th largest economy in the world.

In general, all commodity based countries are doing well. Canada, Chile and the countries of the The Middle East are examples. In a world where demand for commodities is rising from the continued growth in the developing world with limited supply, the commodity bulls seem to get stronger by the day.

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Sanjay John G.