In terms of exchange rates, the 1 USD = 1.0253 CDN. Will the canadian dollar ever match the US dollar? Is that impossible/possible?
2007-09-18 17:14:17 · 7 answers · asked by suns123 2 in Business & Finance ➔ Personal Finance
Hey, the Euro hit an all-time high vs. the USD today when the Fed cut rates 50bp. (Who's on the Euro? Hitler?)
The next day: Things have settled down a little, with the Euro rise stopping just under $1.40 - still an all-time high for the Euro vs. the USD. Let's hope the Fed's cuts make up domestically for their losses in forex.
2007-09-18 17:23:59 · answer #1 · answered by Anonymous · 0⤊ 0⤋
They tried to take this UN courts and get a clean international forex. Failed. Sorry, yet certainty hurts. We proceed to be the economic chief of the international and proceed to attain this. the only reason China is "mountain climbing to the suitable" is via the fact their inhabitants is fairly 100x bigger than ours. Matthew - Are you suggesting we would desire to consistently weaken our dollar and permit for American standards of living to shrink so our company fatcats can get richer? you recognize jobs won't come back till it particularly is the under Chinas and by utilising then, we are going to all be living in mudhuts and ingesting ants for dinner. Edit: You for sure don't be attentive to what you're speaking to approximately. Our dollar is being laughed at by utilising the Yen, Euro and CAD? LOL at the start, the 1USD is approximately 16Yen and our dollar remains bigger than the Canadian. The Euro has consistently been bigger than ours, no longer a ask your self pondering the actuality that it particularly is made out of numerous countries. Matthew - while the value of the dollar is going down, our procuring potential is going down with it. (till you tension agencies to diminish expenditures) the two circumstances fail. additionally, do you fairly have self belief different countries does no longer start up bitching some low USD?
2016-10-04 23:43:19 · answer #2 · answered by ? 4 · 0⤊ 0⤋
It's expected to happen by the end of this year.
We could even get into a situation like it was 50 years ago when the Canadian dollar was worth $1.08 US.
2007-09-18 17:19:05 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Those who predict accurately will make a fortune. Those who predict wrong will either get fired or lose their shirt.
Foreign currency vs the US dollar changes almost daily, but how much and which direction is like predicting if the Red Sox will win tomorrow.,
2007-09-18 17:24:20 · answer #4 · answered by TedEx 7 · 0⤊ 0⤋
It's happened before. since the US gets most of its oil from Canada, it will happen within a year.
2007-09-19 17:52:33 · answer #5 · answered by Steve R 6 · 0⤊ 0⤋
Only time can tell bro.
2007-09-18 17:18:34 · answer #6 · answered by springs2988 2 · 0⤊ 0⤋
maybe soon
2007-09-18 17:24:14 · answer #7 · answered by Anonymous · 0⤊ 0⤋