Usd/cad

Quote from Digsyman:

But you have to wait too long untill this effect will make serious damage to Canadian economy. Is this the main reason for buying cad?
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Typo?

I think you mean selling cad.
 
Do you have any idea what a massively strong loonie against the world's currencies will do to Canada's export market?
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Fully. Manufacturing is dead in Canada and there will be hundreds of thousands of jobs lost. However, it's the oil and other natural resources which will keep the economy growing and the dollar rising.

We're already starting to see this with growth out of control in the west bringing inflationary pressures while Ontario and Quebec are facing ruff times with mounting budget deficits.
 
Hell, the government of Alberta has so much money that they wrote every man, woman, and child in the province a $400 check and still have an $8,000,000,000 surplus that they dunno what to do with. That's not bad for a population of 3 million or so.
 
Quote from Digsyman:

But you have to wait too long untill this effect will make serious damage to Canadian economy.
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Oh, and incidently, "wait too long" isn't that long at all, since the loonie has been since the end of last year (making it a full year now). Especially against the USD, which is their #1 trading partner.
 
When a country is so diversified in its industries it is very hard to get a sync economic picture that all traders and speculators can agree on.

Pull out a USDCAD chart with gold, oil, commodity index, and tsx index.

You will find that from time to time, the focus is on a specific pair only and all other factors are ignored.

Lately, all factors are ignored except the price of gold and oil.
 
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