and the USD becomes Canada's equivalent of a peso, would Canada have the problem of illegal America citizens coming up over the Northern Border to find work?
If yes, how would the Canadian goverment and Canadian citizens react to this?
2007-11-01 09:21:47 · 9 answers · asked by PeguinBackPacker 5 in Politics & Government ➔ Immigration
Yes, but was wondering how that would work out if the loonie becomes worth 2 greenbacks or more.
One thing for sure, a lot of Canadians will come south for the fast, affordable, and high quality health care in the US.
2007-11-01 10:14:13 · update #1
The Canadian dollar is already worth more than the US dollar (1.00 CD = 1.05 US), and has been for several weeks.
The issue of having Americans flood the border looking for employment would not occur, since the manufacturing and service sectors of the US are much larger than Canada. There are simply far more jobs available (even if the currency exchange hurts the US). What that means is that it will be MORE attractive to "buy US" than "buy Canada" ... which will create an eventual upward surge in the valuation of US currency.
Given the disparity between country size and population - and the need for significant infrastructure costs to maintain the mobility of people and goods - the country would certainly welcome an influx of immigration, at least initially. However, they would still opt to maintain a certain oversight on those arriving ... basically to make sure those entering were going to be contributing to the economic prosperity (typically by being taxpayers).
As long as the "Canadian" way of life was maintained, there wouldn't likely be an issue from the established citizenry either.
Actually, Canada already HAS an influx of US illegals coming across to mooch off the provincial health care system(s) and/or obtain drugs from Canadian pharmacies. And they're dealing with that without fencing in the borders ... so why should a wave of workers be any different?
2007-11-01 09:35:43 · answer #1 · answered by CanTexan 6 · 4⤊ 0⤋
The exchange rate is determined by money flow across borders, which is largely due to the trade balance. Canada is a large exporter of oil and the US is a large importer, so when the price of oil falls Canada's exports have less value compared to what the import from the US and this show up as a relatively weaker Canadian dollar. You can think of it as exchanging Canadian oil for US made cars.
2016-05-26 22:33:43 · answer #2 · answered by dona 3 · 0⤊ 0⤋
It doesn't matter. People who think the currency comparison means something are wrong. Canada already imports almost everything from the US. They will be able to buy a little more now and that's good for business. The dollar is controlled by the Fed according to how much cash they place in the market. They dumped a great deal into the economy because of the housing slump. When cash starts to dry up the dollar will climb again.
So its not a horse race, there is much more to it than most people realize.
2007-11-01 09:43:30 · answer #3 · answered by Anonymous · 0⤊ 3⤋
Its already worth more than the US dollar. The US dollar is almost worthless now because of our printing money out of thin air with nothing to back it up. None of us are going to canada for work right now are we> Dont worry at the rate things are going all 3 of us will be the NAU with or without us liking it.
2007-11-01 13:39:45 · answer #4 · answered by SS4 Elby 5 · 1⤊ 1⤋
Probably pretty well.
Send us your skilled trades, hospitality workers, medical professionals, and IT people.
No need to go illegal.
By the way the canadian dollar went to an all time high (since tracking began in 1950) of 1.06 US this morning.
2007-11-01 10:09:17 · answer #5 · answered by ADV 2 · 2⤊ 0⤋
Then maybe all the illegal immigrants would go to Canada and they'll have to publish all their governmental materials in English, French and Spanish.
2007-11-01 09:27:05 · answer #6 · answered by Sean 7 · 2⤊ 2⤋
Maybe, if there were more work in Canada. It's not that there's a whole lot to do there, or that thier economy is particularly strong, it's just that thier monetary policy hasn't been quite as liberal (in the sense of permisive, not left-wing) as that of the US lately.
2007-11-01 09:31:39 · answer #7 · answered by B.Kevorkian 7 · 0⤊ 3⤋
People who need work will go where they can find a job. If your choice was to stay put and starve or relocate and live, what would you do?
2007-11-01 09:28:34 · answer #8 · answered by spay&neuter-all-republicans 3 · 1⤊ 1⤋
hahahahahaahaha, yesssssssssssss. It will happen, this question deserves a star.
2007-11-01 09:25:53 · answer #9 · answered by Anonymous · 1⤊ 4⤋