Canadian Dollar about to surpass US Dollar

[FAH1223]

On Sept. 18, 2007, the dollar surged past the level of 98 cents US. It hasn't been worth that much since February 1977.

http://www.cbc.ca/news/background/economy/loonie.html

nooooooooooooooooooooooooooooooooooooo

[The-Screw]

sh!t, it's already bad enough we got british fags coming over here for vacation b/c it's cheaper for them now we're going to have to put up with the bacon eating eh saying bastards from up north. fock, bush did this eh, did i just say eh?

[FAH1223]

I really hate........black kids with British accents............

[Wadaay]

Alotta american industries gonna start relocating to mexico soon. Could create alot of jobs in mexico and slow down the influx of mexican refugees nah mean

[James Dahl]

Yeah!

[*jr]

Despite the turmoil in America's housing, the Canadian consumer confidence seems strong…but one would hope the debacle would not trickle to the Canadian housing market. We are now seeing British consumers floating over banks withdrawing their savings.

[Gatspy]

I know eh, great news.

[Steeler [Crawler2]]

This is a direct consequence of the trade deficit. Until we fix that, that is, until Americans stop spending more than they are making, we'll have to deal with a weak dollar.

[Megatron]

:0

*jr

It won't, because we arent't offering 105% mortgages to people who have a more than 90% chance of defaulting on their payments. Canadians are buying U.S vacation properties at record rates right now.

[AbdiWahab252]

Whats the big deal,

CANADA IS THE 51st STATE

[#1baller]

What this means in tha short term is that more Canadians will find the US a more attractive and affordable vacation destination creating a surge in cross border tourism and consumer spending.

The Canadians have had alot of economic issues over the last 10-15 years. Most recently they had the SARS issue and Bird flu. For a long time they were dependent on the strength of our dollar on world markets. Are we bout to witness the opposite?

This is a good and bad thing for the Canadians. For starters, if this surging dollar continues for a long time, it will eventually hurt their Automotive Industry which is one of their main sources of sustaining economic growth.

[Megatron]

Wrong. America is the 10th province.

"[quote="#1baller"]What this means in tha short term is that more Canadians will find the US a more attractive and affordable vacation destination creating a surge in cross border tourism and consumer spending.

The Canadians have had alot of economic issues over the last 10-15 years. Most recently they had the SARS issue and Bird flu. For a long time they were dependent on the strength of our dollar on world markets. Are we bout to witness the opposite?

This is a good and bad thing for the Canadians. For starters, if this surging dollar continues for a long time, it will eventually hurt their Automotive Industry which is one of their main sources of sustaining economic growth.[/quote]

SARS affected Toronto, almost exclusively, as opposed to Canada as a whole. And our economy has been pretty consistent the last 10-15 years. We took a bit of a hit after Desert Storm, but we've had a steady recovery, thanks in part to the Chretien government's trade initiatives. Primarily with China. And 9/11 was a boost to us.
Canada doesn't rely on the auto sector nearly as much as the U.S. Here we rely mostly on natural resources, timber, and farming. The airline industry is also key to growth, and ours suffered almost as much as the US did. Other than that, we're rollin'.

[Megatron]

Can Toronto Real Estate Hold Up ??

http://www.bmonesbittburns.com/economic ... 070824.pdf

[Ama_Ama]

I dont like when the dollar is low against Euro like now it only makes you to travel more

[Fale]

This is a good news for the Canucks !

Viva the Loonie or the Toonie, whateva they called one dollar or two dollar.