is there any chances of canadian dollar going down?

Answer 1

There's chances of the American dollar being replaced by the Amero, and our USA credit becoming zero. Check the link below if you think I'm being funny. I'm not.

Answer 2

Yes, but maybe not against the US dollars. Against the Euro, I can easily see it, as poor us economy forecast will most probably have bad effects on Canadians economy as it mostly always do. The strong value of the US dollars, however, is a thing of the past. Get used to pay higher and higher prices and let the medium class leave the place to the poors. The wars and so on have a price. Its time to pay the bill.

Answer 3

Two: slim and none.

As long as oil is over $80/bbl and China needs raw materials that CAD has in abundance, the loonie is headed for C0.90 = $1.

Answer 4

I am assuming you are asking USD / CAD, right? If so,yes. The trend is saying that currently it is 0.9692 per dollar, for the day, week, and month, it is expected to go down. This is due to more sellers than buyers, so go short on the USD / CAD.

Answer 5

Nope. It will continue to grow. The U.S. dollar will not be the dominant currency for long.

Answer 6

nope,and now bush wants to borrow 196 billion to continue the war, it will be along time before we see a drop, sometimes i think bush works for us..................................................your uncle...............americans can say what they want,canadians don't want it never have,this is not the first time this has been talked about,and won't be the first time we have shot it down.

Answer 7

Inevitably, what goes up, must come down.

Answer 8

we will have to wait to see what the maple syrup market does this year.