Buffett Likes the Loonie

http://www.thestar.com/columnists/article/266412

At an invitation-only Toronto dinner Thursday for about 140 prominent investors, billionaire investor Warren Buffett said he expects the Canadian dollar to continue rising beyond the parity it recently reached with the U.S. dollar.

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Buffett, who has made substantial resource investments this decade, after a history of avoiding them, is now interested in the Alberta oil sands.

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Buffett said it was "very unsettling" that Brazil now is helping prop up the U.S. dollar with its purchases of U.S. government securities. "Brazil is a country whose own currency has gone to nil five times in the past century," he noted.