Why is the US dollar worth only .95 in Canadian currency?

Question

http://www.marketwatch.com/news/story/dollar-hits-new-euro-loonie/story.aspx?guid={E300043C-E77D-4649-957B-398E6C68ADF8}&siteid=yahoomy

Will the dollar become the new peso?

Will the US be overrun with folks from the great white north?

Answer 1

because the world doesnt believe the dollar is worth much. We have a massive trade deficit. We owe a huge total debt. We deficit spend for years in a row. I wouldnt save dollars if I had a choice.

Answer 2

Because the value of the $ has decreased against other currencies.

Likely because of increased money supplies from the Fed in combination with increased worldwide national debt.

A weak dollar is not necessarily a bad thing, just as a strong dollar is not necessarily a good thing. (E.g. a weak dollar might be inflationary as it drives up the cost of imported goods, but it also makes US exported goods more competitively priced, thus increasing them).

Answer 3

I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them.
Thomas Jefferson 1743 -1826

Democracy is a form of government that substitutes election by the incompetent many for appointment by the corrupt few.
George Bernard Shaw

Political language is designed to make lies sound truthful and murder respectable, and to give an appearance of solidity to pure wind.
George Orwell

Government is not reason, it is not eloquence. It is force, and like fire, it is a dangerous servant and a fearful master. Never for a moment should it be left to irresponsible action.
George Washington

“These capitalists generally act harmoniously and in concert, to fleece the people”
Abraham Lincoln

“In politics, nothing happens by accident. If it happens, you can bet it was planned that way.”
Franklin D. Roosevelt

“It is to be regretted that the rich and powerful too often bend the acts of government to their selfish purposes.”
Andrew Jackson

“History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling the money and its issuance.”
James Madison

“All men having power ought to be mistrusted.”
James Madison

The government consists of a gang of men exactly like you and me. They have, taking one with another, no special talent for the business of government; they have only a talent for getting and holding office.
Henry Louis Mencken (1880- 1956)

The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary.
Henry Louis Mencken (1880- 1956 )

The state remains, as it was in the beginning, the common enemy of all well-disposed, industrious and decent men.
H L Mencken

Government is actually the worst failure of civilized man. There has never been a really good one, and even those that are most tolerable are arbitrary, cruel, grasping and unintelligent.
H L Mencken

The only good bureaucrat is one with a pistol at his head. Put it in his hand and it's good-bye to the Bill of Rights.
H L Mencken

The trade of governing has always been monopolized by the most ignorant and the most rascally individuals of mankind.
Thomas Paine

Beware the greedy hand of government, thrusting itself into every corner and crevice of industry.
Thomas Paine

To do evil that good may come of it is for bunglers in politics as well as morals.
William Penn

If a politician found he had cannibals among his constituents, he would promise them missionaries for dinner.
Henry Louis Mencken (1880-1956)

CAPITAL, n. The seat of misgovernment. That which provides the fire, the pot, the dinner, the table and the knife and fork for the anarchist; the part of the repast that himself supplies is the disgrace before meat.
Ambrose Bierce (1842-1914)

No government ought to exist for the purpose of checking the prosperity of its people or to allow such a principle in its policy.
Edmund Burke

The greater the power the more dangerous the abuse.
Edmund Burke

There is no distinctly native American criminal class save Congress.
Mark Twain

Reader, suppose you were an idiot. And suppose you were a member of Congress. But I repeat myself.
Mark Twain

No man's life, liberty, or property are safe while the congress is in session.
Mark Twain

Congressman is the trivialist distinction for a full grown man.
Mark Twain

Fleas can be taught nearly anything that a Congressman can.
Mark Twain

To compel a man to subsidize with his taxes the propagation of ideas which he disbelieves and abhors is sinful and tyrannical.
Thomas Jefferson 1743 - 1826

When they call the roll in the Senate, the Senators do not know whether to answer 'present' or 'not guilty.'
Theodore Roosevelt

I think I've made a case for why our money isn't worth spit any more. Our government is filled with the inept, stupid, rascals, crooks, money changers, ect who are cruel, arbitrary little monkeys grasping for all the bananas . Their goal is screw all of us into floor with fear of imaginary hobgoblins.

They have no talent for governing, only for holding office useing every underhanded dicpicable trick they can. We are of less concern to those in our government than the dog S on thier shoe!

Answer 4

The dollar will become the new Ruble and the Ruble will become the Barney Ruble

Answer 5

cause Canada is experiencing economic growth

Answer 6

So what. What does that mean, Canadian Whiskey is more expensive than American Whiskey, Canadian Lumber is more expensive than American Lumber. Which means buy American and you don't have to worry about the exchange rate.

Answer 7

With Bush economics, it just may well...It is a shame, we work so hard for it to only be devalued by Bush.

Answer 8

Because Canada is not spending themselves into bankruptcy fighting a war we do not belong in.

Answer 9

Ours is worth more. Peace

Answer 10

that's not even bad.

Just look at the Yen (Japan) it costs like 5,000 yen to get a burger, but they are still a world player