Our dollar is now under 78 cents U.S....the joys of having a government that trumpets iteself as competent managers of the eonomy when things are steady, but then blame outside forces when things go south. Basically the same way my kids operate, wanting praise for their accomplishments and then condolences and agreement that their failures can be safely blamed on others.
We weathered the economic downturn by pumping up the real estate sector, bringing in subprime 40 yr no money down mortgages the injecting billions into the economy. Now this 1/4 pt drop will do nothing....hair of the dog doesn't work anymore when the liver starts going.
RVX should be immune to this...but the market's aren't always rationale. Anything Canadian, no matter how robust or no matter how big the prospects....now has a form of leprosy, guilt by association.