>>>>>>If there is a God somewhere it sure hate my guts. Is not only that I never win a darn thing but also when I needed the Canadian dollar to be low for I had U$S dollars for I sold a property in Argentina and wanted to buy here, the Canadian dollar was at record highs. Now that I go to Argentina on vacation so I need it to be strong... is sinking fast....
>>>>>
>>>>>Murphy's law?
>>>>
>>>>The Canadian dollar fell nearly five cents against the U.S. dollar to a low of 82.41 cents US Friday, but rebounded at close to 84.69 cents US.
>>>
>>>That's the most perplexing issue of the current momentum. Despite all printing presses working in 24/7 mode, the only item in shortage is the US dollar. Canadian dollar actually fares much better than almost every other currency.
>>
>>Part of the reason may well be because of the World Economic Forum report on the worlds banking systems:
>>
>>In the midst of a global market crisis, a survey by the World Economic Forum has proclaimed Canada to have the world's soundest banking system.
>>
>>Placing just behind were Sweden, Luxembourg, Australia and Denmark in the World Economic Forum's Global Competitiveness Report, released on Wednesday in Switzerland.
>>
>>Twelve-thousand corporate executives around the world were interviewed on a number of questions and ranked banks around the world on a scale of one to seven -- one being insolvent and possibly in need of government assistance and seven being entirely healthy.
>>
>>Canada's banking industry, led by Royal Bank, CIBC, Scotiabank, TD Bank, Bank of Montreal and National Bank, was given a rating of 6.8, the best ranking of any banking system in the world.
>
>It is not that I am a big believer in these reports, but if you brought it in, it might be interesting to look at all reports text and data.
>http://www.weforum.org/en/initiatives/gcp/Global%20Competitiveness%20Report/index.htm (this is economic report)
>http://www.reuters.com/article/ousiv/idUSTRE4981X220081009?sp=true (this is banking report).
>Surprisingly or not, the economic survey text is very similar to banking but with essentially one difference:
>"The United States tops the overall ranking in The Global Competitiveness Report 2008-2009. Switzerland is in second position followed by Denmark, Sweden and Singapore".
>Canada is #10. Given current currency trend one may assume that economic report has more clout than banking report; or as I already mentioned, all these surveys are not worth much.

You're probably right. I was just making the assumption that since the dollar bounced back a little on the day the report came out, that there might be a connection between the two.