May 23, 2016

Not long ago, the Canadian dollar was killing the U.S. dollar and our friends from the North were buying up Arizona real estate. We look at a Wall Street Journal report on how the tables have turned. The economy of Calgary, especially, has been hit by the oil bust, and the dollar is now killing the Looney (Canadian dollar.)  Alert U.S. investors are finding bargains in untouchable areas like Banff National Park. Then, we review what experts are calling an "earnings recession" among key big cap corporations. Rather than being helped, they are being HURT by the strong dollar overseas.