Why is the Canadian dollar now at least at par with the American dollar, while forcast to be stronger yet in the foreseeable future? Do Canadians owe Bush a big hug for being such an inept President?
2007-09-20 14:35:35 · 13 answers · asked by Anonymous in Politics & Government ➔ Politics
I used to work a phone job late 90's early 2000's with sales from all over the world. The Canadians always used to laugh at their Canadian dollar. "Oh what is the exchange rate with the US dollar, like a zillion to one?!" they would proclaim. Look who's laughing now!
2007-09-20 14:45:20 · answer #1 · answered by boxjellÿ 5 · 6⤊ 0⤋
This idea used to make me nervous as well. But after careful thought and analysis I think its good in some ways.
For example a company from Europe or Canada might want to build a tennis shoe factory. With a weak dollar, labor is cheaper in the USA and labor is the most expensive ingredient in most things. The downside is more menial tasks but for the American Idol generation I dont think they aspire to much more.
2007-09-20 14:52:26 · answer #2 · answered by Anonymous · 1⤊ 4⤋
I'd say it is due to a globalization of the US economy. The dollar has lost against the Euro as well.
2007-09-21 01:24:02 · answer #3 · answered by Thundercat 7 · 0⤊ 1⤋
Don't you know anything about economics???
Most countries currency drops some when they are at war.
It has been low before and always recovers.
Actually I think The President and company are dumb Like a fox. We have sent half a trillion dollars to China for widgets and wot nots over the last ten years. So all those green backs they are holding have just been devalued. It's a great move by the US.
China has kept their Yuan artificially low for years...two can play at that game. It's a world market now baby.
With the lower dollar the whole world will want to buy here....think about it. Chevy, Ford, GE, IBM...we're on sale!
Brilliant!
.
2007-09-20 15:08:08 · answer #4 · answered by Anonymous · 1⤊ 6⤋
thanks to the wealthy CEO of this countries huge corporation,taking our jobs and sending them to foreign countries for the cheaper labor,with the blessings of bush and the neocon base,is why are dollar has been so devalued.conservatives will they ever be satisfied,there is just not enough money in the world to satisfy them.they even sacrifice soldiers for profit,simply disgraceful
2007-09-20 14:58:22 · answer #5 · answered by Anonymous · 4⤊ 1⤋
The republican fiscal policies! Just ask Greenspan.
2007-09-20 14:53:03 · answer #6 · answered by Monk 4 · 4⤊ 1⤋
it's because of economists with computers and calculators. They make the economy move fast. If they were still using slide rules, this sort of thing wouldn't happen
2007-09-20 14:49:02 · answer #7 · answered by MrPotatoHead 4 · 1⤊ 3⤋
the us isn't leading like it once was. and instead of being adult about it and working our way back to the top we're content to lie to ourselves each and everyday
2007-09-20 16:25:43 · answer #8 · answered by Anonymous · 1⤊ 1⤋
Confidence in the US dollar on the Forex markets is tanking.
*lol! one brilliant answerer blames it on the illegals! Bet I can guess what party they are huh?
2007-09-20 14:46:20 · answer #9 · answered by Anonymous · 6⤊ 3⤋
i think bush will be getting a hallmark card really soon from canada
2007-09-20 14:46:35 · answer #10 · answered by luis s 3 · 6⤊ 1⤋