Whats u with the falling US dollar Is this a sign you spent to much on wars you can't afford ?

Question

TORONTO (CP) - The Canadian dollar will be worth as much as the U.S. greenback by the end of the year, CIBC World Markets economists predict (TSX: CM.TO).

Friday's report cites an expected rise in Canadian interest rates and stronger-than-expected economic growth, along with hot commodity prices and an "avalanche" of corporate takeovers that require foreign acquirers to deal in Canadian dollars.

"With the national jobless rate plumbing 30-year lows and core inflation now bobbing above the Bank of Canada's target range, our earlier assumption of the Bank of Canada intervening against a further rise in the Canadian dollar with rate cuts no longer seems tenable," says CIBC World Markets chief economist Jeff Rubin.

In fact, he says the central bank will likely welcome a further rise in the currency, which was trading Friday morning at a three-decade high of over 93.7 cents US.


The lower our dollar compared to the US the better for our manufactures - This isn't good new

Answer 1

we have decided as americans to let our children and grandchilden worry about paying for the war

Answer 2

It replaced into the actual assets bubble alongside with the loan lending practices. I even have been astounded by utilising what I even have heard over the final 5 years of folk taking dazzling risks with their assets. From identifying to purchase too plenty homestead to activity-unfastened loans questioning they have been going to have the potential to coach around and sell the valuables and make a killing. I observed this element take place interior the previous due 80s. i actually made the blunders of stepping into the marketplace in 89 because of the fact i presumed we've been on the backside. 8 years later I offered that assets at a loss. the version between now and the the previous due 80s is that the banks have been basically lending to persons that should pay returned the loan. there have been very strict lending regulations returned then. luckily I caught to those regulations as i offered successive residences. So now i'm no longer a sort of dealing with foreclosure and that i nevertheless have a stable volume of fairness in my homestead. the disadvantage is i don't get a bailout.

Answer 3

The weakness of the US dollar is based almost totally on the National Debt, which is now about 8.8 trillion dollars. The more debt we accrue, the less likely we are to be able to meet our financial obligations to other countries, and thus the dollar sinks relative to other countries. Despite assurances from the White House that the economy is strong, other nations know that our economy is strong only because it is borrowed, and that some day we will have to pay that loan.

For 2008, the INTEREST on the national debt will be about $300 billion. Imagine what we could do if we weren't pouring all that money down a hole? We're paying off our Visa with our Master Card and hoping nobody notices.

Answer 4

Yes, that and the fact that we've had a fraudulent monetary system in place ever since the ILLEGAL and PRIVATE Federal Reserve Banks were established in 1913.

Our worthless fiat money, which the Federal Reserve Money Scam Banks have been counterfeiting for almost 100 years, is based solely on faith. That faith is waining now, and soon our Dollar will collapse. Sad but true.

We live way above our means and therefore must borrow upwards of $3 BILLION PER DAY just to keep our heads above water. Living on credit wont last forever. Our "Representatives" either can't understand this or simply don't care what happens to this country. Either way, we're fvcked.

The only way to avoid such a horrific event is to cut spending DRASTICALLY, dismantle the Federal Reserve and reinstate the gold standard.
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Answer 5

Yes, I believe so. The loonie will not only be equal to the dollar, but be worth more than the dollar. Why? Canada has vast natural resources, especially OIL! Watch the loonie shoot past the dollar.

Answer 6

No, it has little to do with military spending.

Your quote explains it, the Canadian dollar is rising due to your economy and Canadian monetary policies.

Answer 7

You just gave proof that it ISN'T mostly us, it's Canada's success!
How is this bad news? As a political entity, we kind of like Canada (some of their anti-American attitudes make them seem a bit boorish to us, as our similar attitudes are just as boorish, of course).

Success of another nation isn't bad news unless they are actively seeking to hurt us. We're the U.S. We like seeing success.

We have spent a lot on the war. Can't afford? We'll see. I'd hate to see the costs if we hadn't.

As someone whose family escaped Islam in the 1950s, we've been expecting this war for decades.

We just though Islam was going to win (and were terrified of it winning). We didn't expect anyone in the U.S. government to be quick enough to catch on to Islam's plans and catch them before they were ready for it.

Answer 8

Americans think because the market is good so is the dollar. But they have no clue.

Answer 9

actually a falling dollar can be good economically for tourism and exports, while making imports from china more expensive

Answer 10

Perhaps it's a sign that Canada isn't pulling THEIR weight in the war against Muslim extremists.