of ROSS CLARK
The Declining Canadian Dollar
Snippet from Octover 17. 2016 Chartworks
Look for a high in gas prices soon, a correction and then a rally into the summer of 2017.
The tropical Pacific Ocean goes through natural warming (El Niño) and cooling (La Niña) cycles. Last winter was categorized as a ‘very strong’ El Niño comparable to those of 1972/73, 1982/83 and 1997/98. Subsequent years see moderate La Niña’s. This year is experiencing such a cooling trend.
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