Top Local Places

Mondesa Financial Group

4684 Jarry Est, Montreal, Canada
Bank/financial institution

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Canadian $ just broke 1.28 trading at 1.2785 on spot, clearly on its way towards our bold prediction on Nov. 20th, 2015 when spot was at 1.33 followed by trading as high as 1.46 in mid January . The gyrations of financial markets can be startling. I am reminded of the following words of wisdom attributed to the economist John Maynard Keynes: "The market can remain irrational longer than you can remain solvent." Supposedly Keynes said this after he performed a series of highly leveraged trades, and he was humbled by the market.

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Clearly trading towards our long term prediction. We believe a correction in the coming weeks may drop the Canadian $ to a range of 1.35 -1.38 before it resumes it's strength below 1.30

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