“First Prime Group” currency traders are apparently seeing a revival in interest in the Canadian dollar consistent with the renewed demand for commodities.
A source close to “First Prime Group” said that the Loonie – named after a bird on the one dollar coin – may reach parity with its US counterpart. Gold and crude oil have registered solid gains recently in the wake of a raft of issue besetting the US and global banking systems.
50% of Canada’s exports are commodities and, according to the “First Prime Group” source, the rising price of oil has reinvigorated interest in the potential of the nation’s oil-tar sands.
“First Prime Group” are believed to have been advising clients to buy and hold stocks in companies connected to oil-tar sands since the steep increases in the price of oil began in the 2nd and 3rd quarters of 2007.
