LOONIE BULLS - SOLD TO YOU!

Remember back in May when all the hedge funds were short Canadian Dollars up the whazoo? At the time, I was worried the excessive pessimism might cause CAD to rally (Loonie Bears are the New Cool Kids). Well, since then, the Loonie has rallied 6.50% even in the face of a collapsing oil price and increased worries about the popping of the Canadian real e…