Demand for (our) Assets Increases (& Russia is already doing it)
Abridged & amended excerpt From June 15th article:
"During the (second/third wave of the) financial crisis, investors sought Canadian tangible assets and securities because they had confidence in this country and our ability to act to fix our problems,”
“We are going to do everything we can to make sure we continue to earn that confidence because it’s so important to our economic strength.” and this will be the underpining of Canada's emergence as a 'more-than-middle' economic/socio-political power.
Trouble is .... there aren't enough bonds/Cdndollars to satisfy demand! ... they'll buy our real property as investment vehicles instead! Editorial Opinion in Red
...
AND .... on June 16th
Russia to Buy Canadian, Aussie Dollars for First Time
June 16 (Bloomberg) -- Russia may add the Australian and Canadian dollars to its international reserves for the first time after fluctuations in the U.S. dollar and euro. .... see full story
.....
AND on June 22/10
Central Banks Show Euro Losing Appeal as Loonie Gains
June 22 (Bloomberg) -- The Australian and Canadian dollars are becoming reserve currencies for central bankers seeking alternatives to deteriorating government credit quality in Europe, the U.S. and Japan.
.....
"During the (second/third wave of the) financial crisis, investors sought Canadian tangible assets and securities because they had confidence in this country and our ability to act to fix our problems,”
“We are going to do everything we can to make sure we continue to earn that confidence because it’s so important to our economic strength.” and this will be the underpining of Canada's emergence as a 'more-than-middle' economic/socio-political power.
Trouble is .... there aren't enough bonds/Cdndollars to satisfy demand! ... they'll buy our real property as investment vehicles instead! Editorial Opinion in Red
...
AND .... on June 16th
Russia to Buy Canadian, Aussie Dollars for First Time
June 16 (Bloomberg) -- Russia may add the Australian and Canadian dollars to its international reserves for the first time after fluctuations in the U.S. dollar and euro. .... see full story
.....
AND on June 22/10
Central Banks Show Euro Losing Appeal as Loonie Gains
June 22 (Bloomberg) -- The Australian and Canadian dollars are becoming reserve currencies for central bankers seeking alternatives to deteriorating government credit quality in Europe, the U.S. and Japan.
.....