Not so much tenacity or conviction as just lethargy due to fairly advanced years. It takes a pretty good bang on the head for me to open my eyes and even more so to change my perspective.
Past experiences colour our outlook.
I agree with everything you've said. However I look over a shorter term, months at most. Right now I only will hazard an opinion over the next month or two. Finally I said what I think is obvious what BofC wants to do because it is politically expedient and necessary for them. That does not neceserily quarantee that they will succeed. Note that we have a minority government that could fall at the drop of a hat. Unemployment just could be that hat.
Last year in March I hoped that the C$ would linger longer above par. BofC made fairly quick work of that. Having seen, I temper my opinion now.
I also expected a much higher and quicker move positively of ECU's share price at the news of the second mill buy back and now with the bar production. I have been disapointed with the feeble reaction in both instances. I expected a rise to a $ with a retrace and hold about $0.90 at the mill purchase.
The number and quickness of bar production should have put us way above a $ and stayed for good above it. This mild sp response is not normal.
Hope in the morning the SP will trade around 70 cents and close above, even 0.71 would be good based on recent performance, imho.
As for me personally, I hope that the C$ will be at par with US$ real soon. Also that Canada diversifies its trade and not be so dependent on the US.
Patiently holding and waiting.