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Lordz, you'd probably be surprized at how often Canadians say something like "if Americans want what we have they'll just come and take it."

We've grown more cautious since we took hockey. Once bitten, twice shy. ;)

I'm guessing you're spot on about Can $ vs U.S. $ for the foreseeable future. I think you'd be relatively safe with large U.S. multinationals who can hedge their own currency exposures, and debt-free small-cap growth stocks will likely remain good bets once the stock markets stabilize. It's hard to imagine where a safe refuge lies right now. While the outlook for the U.S. is very ugly, I can't believe it will fail to spread far and wide. Mexico and Canada will be hit hard, Europe and Japan also. We'll get to see how well developing nations have insulated themselves. I'm ready for surprises on this score, either good or bad.

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