Ahh The Canadian Dollar

[Anjew]

I sure love George Bush... ever since he has been in office our duck's value has gone up over twenty cents =D
i beleve it is at 84 cents now... nice!

[Wood]

^it's supposed to reach par value over the next few months... but don't mistake this for a positive thing, as the Republicans drag the US economy down the toilet, Canada won't be far behind....

[wundergirl]

i hate to break it to you son, but having a high dollar value in relation to the americans is shitty for our economy. importing goods from canada just became more expensive for the americans. this means that one of two things will go down, americans will either look to other countries with cheaper goods or a lower dollar value -OR- they will just simply purchase fewer canadian goods since they can't afford as much anymore. while i'm no economist, i'm sure that if you watch the prime interest rate in canada, you'll see the bank of canada will soon take action to readjust our own dollar in relation to the americans.

a high dollar value can be good for awhile, but if it goes too high for too long it's detremental to our economy. just look at the economic hardships experienced by canada when the us market faltered in the 80's as an example.

[FornoDan]

try comparing the canadian dollar with the euro...

sure when the US $ drops its value ours looks better compared to it...
but vs the euro... not much change...

this just meens our dollar still sucks...
and exports will decrease to the us...
imports will increase...

our economy will go down the drain.

[thebobman]

au contraire folks, initially canada may start to feel the pinch as our largest trade partner's economy begins to falter, but the reason for the loony's steady increase is that there's a HUGE amount of forgein investement coming into the country because our economy is strong. Our trade deficit is miniscule compared to the states. The US economy is being artificially propped up by investors from markets that export heavily to the States (a chief example of which is China with over $515 billion invested into the US (that's just the GOVERNMENT, not individual investors) The US dollar is starting to fall even quicker because China has made noise about selling off most of it's US currency in search of stabler waters (IE Canada).

[wikid]

Originally Posted by wundergirl

i hate to break it to you son, but having a high dollar value in relation to the americans is shitty for our economy. importing goods from canada just became more expensive for the americans. this means that one of two things will go down, americans will either look to other countries with cheaper goods or a lower dollar value -OR- they will just simply purchase fewer canadian goods since they can't afford as much anymore. while i'm no economist, i'm sure that if you watch the prime interest rate in canada, you'll see the bank of canada will soon take action to readjust our own dollar in relation to the americans.

a high dollar value can be good for awhile, but if it goes too high for too long it's detremental to our economy. just look at the economic hardships experienced by canada when the us market faltered in the 80's as an example.

thats ok - just means more stuff for us canadians and less outsiders buyin our shit! :D Im down with that. sure jobs may be loss - but at least we have more things that we wont have money to afford and buy the xtra things we now have :D

[-Dubs-]

fuck why let american "bully" us around ship shit elsewhere we can keep our dollar up and everything we just gotta start to seperate ourselves from american........ geeezus what do we care, england is doing fine so is scottland and shit and they dont rely on states........ given they are our neighbour's but fuck i am sick of them shitting on our lumber and everything, fuck em!!!!!

[Special-K]

Same goes for the film industry, Every bit the canadian dollar goes up the less americans come down here to shoot.

[Anjew]

you guys are looking at the economy for canada...
i'm looking at me goign down to the states and buying more stuff lol

[C_squared]

The fact that pot legislation is just around the corner will keep Americans coming up to Canada. The tourism industry is gonna boom within the next 5 years because of pot legalization not just Americans will flock here... the whole world will.

Think about it.

[dSl-DuDe]

time to start Ebaying! :p