Forget the Middle East!

A stealth price increase is on the way!

Every one is moaning that the price of gold is all time high (about $739) and the Euro set a new record (about $1.40). All true and troubling.

Crude is over $80.

But no one is looking north! The Canadian Loonie is at parity with the dollar and in fact has grown in value by 15% in the last year. Before you say “so What?”, Canada is our largest supplier of crude oil. That’s what! So we are in the world markets buying $80 crude with dollars that are worth 15% less at our largest supplier.

The dollar/loonie spread comes to the forefront this week when Quebec merchants are complaining of hardship due to the severe shortage of US tourists!

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