Posted on 29/04/06
One very rough ride for the strategist who bet against the loonie
For T.J. Marta, senior currency strategist at Royal Bank of Canada in New York, it's been a very, very rough week.Not only has he been inundated with phone calls from clients, asking what's happening with the red-hot Canadian dollar, but he's one of the few still saying the U.S. dollar will appreciate against the loonie this year.
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