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A Canadian flag flies over downtown Ottawa on June 30, 2011.
A Canadian flag flies over downtown Ottawa on June 30, 2011.
(BLAIR GABLE/REUTERS)

Hedge fund's bet against Canada may be right, but timing is key

Kudos to the contrarians. But they better hope they’ve got their timing down pat.

This weekend, Vijai Mohan, a San Francisco-based hedge fund manager, made a splash when the Globe reported that he’s short the Canadian economy, meaning he expects the values of our banks and the loonie to tumble. Mr. Mohan’s so sure of it, he’s bet 95 per cent of his investors’ assets on these positions.