$1.00 usd = $1.29 cdn ?
 

i don't get it - why? the US economy is in a free fall, why has the Canadian dollar fallen so far?

Canada is deflating the dollar in hopes to prop up manufacturing exports to the usa while oil prices are low.

hey that sounds pretty reasonable and educated :winkwink:

It's because investors are betting that the US will lead the world in recovery. Other currencies are down too but the USD is staying strong.

http://money.cnn.com/2009/03/02/mark...buzz/index.htm

because Canada mostly about oil/energy and that sector is getting killed... once oil prices will start to rise CAD will get stronger vs USD

It's a pretty safe bet really. The US will probably be the first out of recession. :2 cents:

In July the 1GBP was 2USD. Its now 1GBP is 1.4USD. Can't believe the drop. Its good for me, earning more in my own currency is always a good thing :)

I am getting here in Mexico 1:15.33


For every dollar I get 15.33 pesos.

a low C$ is a good thing...

Just like the answer to why Bush invaded Iraq..... oil!

http://www.nationalpost.com/story.html?id=1194590
http://www.financialpost.com/story.html?id=879941
http://economics.about.com/od/prices...nd_dollars.htm
http://www.bloomberg.com/apps/news?p...Y&refer=canada

im not just a pretty face. :kisskiss

At least for us Canadians who get paid in US dollars.

Because USA > Canada. :P

I kid.

A bit OT but Canada seems to be doing a good job (for the time being) of avoiding bank failures. Definitely a good sign for Canada.

there is no money to loan in canada, its all goes to lazy french fucks. :2 cents:

That's my bet, too.

it's called pushup effect

The canadian economy is fine, since we have the strongest bank system in the world right now, but our dollar's strenght is based on oil price mainly.

Our banks dont have any problems, the only mistakes they made was getting involved in the US papermarket, but we don't have any CDs or subprimes here. A recent research named canada's bank system the least likely to fail in the world.

CND follows oil, but in reality the can$ should be one of the strongest in the world right now, we have the most stable banks, had (i repeat had) a balanced budget and not as much debt as the US.

The canadian dollar follows the oil.. thats no brainer.

:1orglaugh:1orglaugh