A fresh upside breakout in the Canadian is largely the result of noted weakness in theDollar and for the time being we can’t discount a continuation of that action. Another source of strength behind therise in the Canadian is an upgrade of Canadian growth forecasts from the OECD. However, it is really difficult tothink that growth in Canada, the UK, Europe and Switzerland will continue to rise and the US economy will notrecover. In the near term, there is little to prevent the Canadian from a return toward the 92.00 level.
