Quote:
Originally Posted by Ramster
You keep quoting OIL prices and trends and whatnot and the thread was started in relation to the CANADIAN DOLLAR vs USD. As Canadians we are VERY HAPPY the dollar is going down. It is good for all of us that work online, it is good for Canadian exports and it is great for tourism which took a massive hit when the Canadian dollar was on par with the US.
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the part you are not getting is the simple fact that it's bad news for your currency to suffer violent swings in value like this, I've been pointing out the reason for that violent swing is due to your being locked in to selling oil as a huge part of your GDP.