2007-10-05 05:57:10 · 12 answers · asked by realitycheck 3 in Politics & Government ➔ Politics
NIAGARA FALLS!
Slowly I turned, step by step, inch by inch...
2007-10-05 06:05:40 · answer #1 · answered by Major Deek 2 · 1⤊ 0⤋
I think a lot of Canadians will soon be out of work. The Canadian Auto Industry will suffer because it will be cheaper to build cars in the US. It's already happening in Vancouver. Vancouver has the 3rd largest video production industry in the world and is laying off tons of people because TV and movie production is being pulled back to Hollywood due to costs. The Canadian lumber industry will be next. Canadian tourism is hurting. Their retail is hurting due to cross-border shopping.
Only thing that won't be effected is energy. Alberta will continue to boom because of the high price of oil.
2007-10-05 06:02:32 · answer #2 · answered by joe s 6 · 2⤊ 0⤋
Over all, it's probably not great for Canadian export, however I'd dearly love to head south of the border and turn my nose up at their dollars lesser value.
2007-10-05 06:07:01 · answer #3 · answered by Russh 2 · 1⤊ 1⤋
At 3/10 of a penny more than the US dollar, I wouldn't call it an outstanding lead. But it's definitely interesting.
2007-10-05 06:00:21 · answer #4 · answered by Crypt 6 · 1⤊ 1⤋
Not much. But it has been very good for American businesses in Niagara Falls, NY and Buffalo, NY. The Canadians are flocking here to shop while the stores in Ft Erie, ON and Niagara Falls, ON are seeing sales slip.....
2007-10-05 06:00:18 · answer #5 · answered by Brian 7 · 3⤊ 1⤋
Anything called the "Looney"...
I'm moving to England.
Cheers,
Allie
2007-10-05 06:00:39 · answer #6 · answered by Anonymous · 2⤊ 0⤋
great for our economy! Start making goods to sell in Canada instead of listening to the down and out complaining Liberals (who always look at the dark side).
2007-10-05 06:18:19 · answer #7 · answered by Stereotypemebecauseyouknow 7 · 1⤊ 0⤋
This is not good news here in Canada. It hurts our exports to the US as well as the tourist industry. It's expected it may go to $1.05, before it levels off.
2007-10-05 06:05:10 · answer #8 · answered by Anonymous · 1⤊ 0⤋
US dollar down 50% since Bush came into office. That means that everyone in the US has lost half their money. We are all poorer and it hasn't stopped yet. Now foreigners are buying our assets. We are outsourcing ownership.
Welcome to the third world. It ain't pretty, is it.
2007-10-05 06:05:47 · answer #9 · answered by buffytou 6 · 0⤊ 3⤋
Great for tourism to the US and our consumer goods market.
2007-10-05 06:02:19 · answer #10 · answered by booman17 7 · 3⤊ 0⤋