Did you hear that the U.S and Canadian dollars are now equal?

Question

thanks to our poor U.S economy

Answer 1

Yes i did its because the us money is to much all around the world and to much of things there worth goes down so thats how that happened.

Answer 2

This is the tip of the iceberg. While many say it will boost us economy, on short term, they are right, but if this situation persist over 3-6 months... And with Ben Bernanke as chairman of the reserve, plan for the worst case scenario. While mostly all countries can play with their currency to boost their exports, the maths are more complicated with the us dollars. During the whole Greenspan era, the dollars was strong, hence internationally people bought them as a security. Mostly all reserves in the world have US dollars. When people feel it is not safe anymore, they switch and sell their US currencies, creating a scenario where offer is stronger then demand and weakening the value of the dollars at dramatic rates. Bernanke has been cited many times saying that problems of cash could be resolved by printing more money (a strategy widely used by third world countries), and the results starting to reflect on the currency are just starting : there has not been any major sellout of US currency yet.. when one happen, the domino effect will apply.

So from one side, the government raise the minimum wage. On the other hand, it let its currency float. The pros and cons are : less unemployment, powerful companies getting stronger with easy access to staff at cheaper price. Cons would be a situation in witch it would be hard to start a business unless you do it with a big pile of cash, third world class apartments to a larger crowd of people who can't afford better, basically, the American people becoming the maids, cooks and servant of their more successful pairs and foreign Euro-millionaires coming to the USA telling you how amazed they are that everything is so cheap in America. If you believe these are fantasies of mine, watch how Cheney is protecting his assets against inflation and a low dollars *source at the bottom*. Soon enough if nobody does a real change, you have to find a way to start again from scratch.

Answer 3

Uh, the US dollar has to come down so that the US economy doesn't collapse.
China refuses to float it's currency. They produce things too cheaply and the US based manufacturers can't compete. They need to devaluate so people will buy us made products.
The Canadian dollar closed above the US dollar the other day only because the US dollar is falling. The Canadian dollar has not moved.
Stupid Canadains think this is something special, but in fact it now means the Canadian dollar will begin to fall also, because Canadian business connot compete at the same level as the Americans. It will cause recession in Canada. The truth is it's bad for Canada and good for the US.
Plus the US no longer needs an excuse to illegally block Canadian medicine being sold across the border!

Answer 4

Are you really willing to make broad statements about our economy based upon the average selling price of the dollar in various foreign exchange markets?

Answer 5

Yup. At the rate it's going we're not going to be able to AFFORD to buy Chinese or Mexican goods anymore! :0

Answer 6

Bush keeps smiling like everything is fine and dandy.

Answer 7

heard it about a week ago

Answer 8

nope,,but its great news and whatever.....i don't care

Answer 9

who you calling 'stupid' Genderbiased ??

Answer 10

is that true?
that sucks.