The Canadian Dollar is Ridiculously Undervalued









The storm is passing over according to a financial expert who called the Wall Street melt down in July, 2008.

"I think we're ending the financial crisis now," said Krishnamurthy Narayanan who studied under Paul Krugman at MIT and runs CI Global Opportunities Fund has returned 57 per cent in the past year, 19 per cent (compounded) over the past five. "
There will be countries, like the U.S., that will go into recession. But this need not be a global recession. And there are some encouraging signs on that front."
Narayanan was in Toronto and said he's buying Canada - the dollar, the oil, the companies. An excellent story in the Globe and Mail by Derek DeCloet ddecloet@globeandmail.com, October 25, 2008.

"The Canadian currency is ridiculously undervalued. I can't think of any country in
the world that has no fiscal deficit, no trade deficit and no inflation - except Canada. I think the Canadian dollar should go through parity. I like the whole Canadian market. I don't particularly dig the banks because I just don't know what's in there [on the balance sheet]. But I'd say virtually everything else is fine.


3 comments:

Anonymous said...

All very well to say if you stil have cash to buy!

Anonymous said...

Seems like the Market is agreeing!

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