### Comment:
Some good thoughts here. As far as currency I do think if the fed keeps raising rates it's going to be tough on the Canadian dollar. If they don't respond it will devalue relative to the USD, but if they raise rates they risk popping the housing bubble which would probably tank it. However, I'm not convinced the fed is going to keep raising rates since US stocks have been temperamental lately.

### REPLY:
I'm suggesting the Bank of Canada might have to cut rates. I agree the future path of the Fed is one big question mark.

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