The Canadian Dollar is soaring !?

Question

I think it's been over a week now, and I'm glad the Canadian dollar is soaring, I'll be able to purchase lots on ebay ! :) How long do you think our Canadian Dollar will stay this way ? And will it ever surpass the American dollar ?


Cheers

Jordan

Answer 1

Yeah I'm just waiting for the Canuck Loonie to hit 1.10 and then I'm buying boatloads of american currency waiting for the loonie to drop back down to 80 cents, even lower remember when it was 62 cents? It was just 5 1/2 years ago.

I think the canadian dollar will stay above the U.S. for at least 6 months if not a year by 2009.

Answer 2

There's no telling with the world economy today. I think the Canadian dollar has been under valued for quite while now, given how well the rest of the Canadian economy is doing at the moment, an upturn in the currency valuation seems to make sense. The American Dollar is in trouble. Last week according to CNN, it reached parity with the Canadian Dollar at a new low for the US currency. Think about it this way: The Canadian Dollar is growing. The US dollar is not. The war and other policies have really hit the United States in terms of popularity, and the currency markets are reflecting that. Unless there are some major changes to the way we do things in the United States in the near future, the Canadian Dollar will be worth more than the US dollar by the end of the year... in my opinion. How long it will stay that way, is anybody's guess.

Answer 3

I'm Canadian, and having our dollar parred with yours we wonder why your 25 000 $ car costs 35 000$ here. It's because it needs to stay that way for about 6 months for there to be real changes.

Surpass the american dollar ? Sure, i mean the american really can't get better can it. Dogde, Chevy and mostly GMC are free-falling, China is uprising incredibly, ( so every'll buy more form china). The debt is evergrowing everysingle hour. ( seriously USA, dude, pay off your deabts, ''Wheres the money man'' ) So the teh american dollar is far from rising anytime soon. (not to mention United-States-Of-America-ians are dumbever,fatfull, and more pissed-off than ever, ) So, ya our dollar should always be over the american soon. But since its tighly linked to the USA ( having a lot of trade with them) , i dont think it will ever go very far beyond it ) unless we expand to other markets which i will doubt we will do , our country being run by arsevipes...

Answer 4

It's more like the American dollar is sinking.