The great and powerfull loonie is now worth more than the mighty United States dollar, At the rate its going I do believe we will be able to buy the States in a few years and I think as a canadian i will claim Las vegas as my own
2007-10-19 14:01:49 · 9 answers · asked by Anonymous in Social Science ➔ Economics
Ah, a trick question? The Canadian dollar isn't going higher, the U.S. Dollar is just going lower! By the way, I live in Las Vegas, so stay out of my town you big meanie!!!
2007-10-19 14:05:43 · answer #1 · answered by Seymour 2 · 1⤊ 0⤋
Enjoy the ride because it won't last, hoser. The Loonie is riding the price of oil, since Canada is an oil exporter, and sooner or later that will top out and fall. It may well already be in a bubble.
Additionally there are textbook responses to changes in the terms of trade that tend to place currencies back into equilibrium. At some point the US dollar gets so low and American products are such a great deal that exports mushroom. US exports cause a demand for US dollars to buy them, so the supply/demand relative to other currencies balances out.
That process is well underway ... dollar is still falling today but exports are growing strong and you Canadians are going nuts coming south across the border to buy cars and other stuff. And our cities are being flooded by Eurotrash tourists, to the same effect.
2007-10-19 16:39:40 · answer #2 · answered by KevinStud99 6 · 0⤊ 0⤋
The substitute value is set by potential of money flow for the era of borders, that's in certainty through commerce stability. Canada is a great exporter of oil and the U. S. is a great importer, so while the value of oil falls Canada's exports have much less value while in comparison with what the import from the U. S. and this take place as a quite weaker Canadian dollar. you are able to think of of it as changing Canadian oil for US made vehicles.
2016-10-13 05:53:52 · answer #3 · answered by Anonymous · 0⤊ 0⤋
I read some prediction that the USD will fall to 94 cents by next year. I was actually surprised that the Bank of Canada didn't try to adjust the overnight rate to help even out our dollars (they did the announcement on the 16th). Rumor has that the Bank of Canada is going to lower the overnight rate next announcement (sometime in Dec.)...that'll just increase the USD/CDN disparity.
I pick Hawaii. We could divvy up the states between all the provinces...Alberta deserves Hawaii...I guess your province can have Nevada. I think it would work out quite nicely...we could invade the US and take advantage of cheap TVs, cheap cars and Victoria's Secret...
2007-10-19 14:46:10 · answer #4 · answered by miss_j 6 · 0⤊ 0⤋
as long as the usa has to import billions of dollars in oil each year the dollar will continue to slide - it has actually been on a slide for many years.
2007-10-19 14:10:23 · answer #5 · answered by Anonymous · 0⤊ 0⤋
The dollar will continue to slide as long as this insane war goes on.
2007-10-19 14:04:01 · answer #6 · answered by Steve C 7 · 1⤊ 0⤋
no it's not. it's actually at 9/10 of the dollar. i don't know where you get your information, but it was talking about the dollar on the news earlier, and i just checked the conversion website.
2007-10-19 14:05:26 · answer #7 · answered by lostintranslation 3 · 0⤊ 1⤋
with the illegal immigrants invading at this rate, the usd will soon match the mexican dollar.
but be careful what you say, once they invade the usa, the usa will soon be nothing left just like mexico, they'll soon want to invade canada too to live in their so called "better life" aka (drug dealing, murder, gangs, etc.)
2007-10-19 14:04:24 · answer #8 · answered by Anonymous · 0⤊ 1⤋
Who cares?
2007-10-19 14:04:45 · answer #9 · answered by Krypto 2 · 0⤊ 0⤋