What's the reason Canadian loonie above US dollar?

Question

Wow. it's amazing.

Do you guys know why loonie is skyrocketing?
Because of Oil? or decreasing US dollar's value?
But why? Why is US dollar decreasing?

And how do you guys (i mean.. Canadian. i'm not canadian) think or feel about this? Do you feel proud or something?

Answer 1

It's because of a combination of things. Demand for Canadian resources, Western Canada's boom(Alberta/B.C.), and the War which the United States has taken on; printing and spending billions of dollars a month isn't going to solve the situation of other countries. The Canadian dollar is going up further because smart Americans have lost faith in the U.S. dollar. China and the United Arab Emirates are going to throw down their
+$4.7 Trillion U.S. and so will the rest of the world. Eventually this will lead the U.S. into recession starting off with the new North American Union currency the Amero. This is what happens when you let Bush get Bushy with ya; he is real green, just like your Green-Back. What forbes doesn't state is that Bush and Binladen are the richest families in the world; Binladen owns 7% of the U.S., its true, look it up, i now its ****** up but its true.

Answer 2

maximum places in Canada used to take US remote places money and grant replace or a genuine looking facimile. recently by using fact the Canadian dollar is at Par or above, many US voters do no longer understand this and assume replace the place none is due. it should not be properly well worth the problem of explaining this to the vacationer and if the keep accepts the US dollar at par, he could take a loss or offend the customer by means of annoying the opposite in replace to what the customer expects. apart from, the keep has to then do an replace on the monetary corporation which ifs a extra difficulty for him. i'm particular its no diverse interior the US with the Canadian dollar. I honestly have under no circumstances even tried to bypass Canadian remote places money interior the US, even whilst we familiar US remote places money up right here.

Answer 3

Oil, oil, oil, Canada is the world's second largest exporter behind Saudi Arabia.

Answer 4

The U.S currency is depreciating...There is more competition from the Euro. Canada's economy is growing because of it's natural resources. Also the U.S Govt is irresponsible in it's spending, which hurts our economy.

Answer 5

Simple. Supply and demand. For various reasons there is an increased demand for Canadian $. that's it.