What's up US dollar?

[diva]

^ Washington has the highest min. wage. Oregon comes next at $7.50. Washington doesn't have a state income tax either, so their highest tax rate is 35%. Sweet.

[Courtney]

excuse my ignorance
but does someone want to explain why this is happening

[galaxie]

^ The economy.

[diva]

I really don't understand any Canadian should be happy about this in the first place. Especially since many of our major cities are located so close to the US Border. It's so easy for us to go across and spend our money over there.

And to tie this thread in with the minimum wage thread...How can businesses be expected to give their employees raises when they're losing money to their US competitors?

"It's a black day for manufacturing and for tourism and hospitality and gaming. A whole lot of the economy is going to be impacted by this dollar and that's just tragic." --Buzz Hargrove, President of CAW

Add BC's film industry to that list too. Like Tom said.

How high will the Canadian dollar go?

[Courtney]

Originally Posted by galaxie

^ The economy.

yeah, a more in depth answer

[cubed]

^The US is up to their eyeballs in debt with other nations and have defaulted on a number of loans with lending nations.

Most notably, China, Russia, and Saudia Arabia.