A very tight range in the Canadian near the recent highs overnight suggests that the tradeis paying some attention to the improvement in economic sentiment in China. While the food safety issue in Chinacountervails the positive sentiment toward auto and the housing sector, reports from the CN railway of recordvolume highlights an economy with some momentum. While the rewards might be limited it would appear that theCanadian made a solid low last week but to resume the upward march seen from March through early Julyprobably requires a really optimistic tone toward the global economy.
