is this just a temporary blip in the market or is the US dollar really going down and staying down?
2007-10-09 11:17:49 · 7 answers · asked by calvin_0416 2 in Politics & Government ➔ Immigration
The rise of the Loonie!!!
2007-10-09 12:00:23 · answer #1 · answered by Anonymous · 1⤊ 2⤋
Hello,
This situation could last a few years and the Cdn dollar may go to 1.10 US. I have been around a fair spell and in the late 60's to mid 70's the Cdn dollar was also at par or higher than the US at times.
This situation is good for Cdn vacationers going to the US but certainly not for exporters in Canada since the costs of their products are far less attractive than when the Cdn dollar was 30% lower.
Cheers,
Michael Kelly
2007-10-10 05:36:10 · answer #2 · answered by Michael Kelly 5 · 0⤊ 0⤋
It has been in a steady decline for the last 6 years in Thailand in 2001 the dollar was 43 baht to the dollar, it has fallen to 34.4 Baht to the dollar. This is not a short term problem!
2007-10-09 13:48:27 · answer #3 · answered by Anonymous · 0⤊ 0⤋
The Canadian dollar will start to weaken once the tide of illegal aliens reaches that far north...
2007-10-09 11:39:35 · answer #4 · answered by B.Kevorkian 7 · 1⤊ 1⤋
It was above the US dollars in the mid 70's too. It eventually fell back down.
2007-10-09 11:41:52 · answer #5 · answered by Yak Rider 7 · 0⤊ 3⤋
You heard long live the queen same as dollar up up up the green is back!!!!
2007-10-09 11:26:38 · answer #6 · answered by Anonymous · 0⤊ 1⤋
We are systematically exporting our money through 'free trade' outsourcing, illegal immigration remittances and borrowing.
Good question.
2007-10-09 23:58:37 · answer #7 · answered by DAR 7 · 0⤊ 0⤋