raspberryfox says
17 years ago
US federal reserve cut their interest rates a 1/2 point to 1% today. Watch the Canadian dollar have a little lift in trading today.
latest #14
raspberryfox says
17 years ago
but it probably won't make it back to par... too bad ... i was hoping I'd be able to buy more when we go to San Fran next week.
Eingang says
17 years ago
my Vancouver friend just told me the dollar was at $0.78 vs US. I haven't been paying attention. I was surprised.
Eingang says
17 years ago
I don't understand why the US dollar is doing so well considering how much the US deficit is
立即下載
Eingang says
17 years ago
and how much of a trade deficit it has *and* the state of its economy in general being bailed
Eingang says
17 years ago
out by the government.
Eingang says
17 years ago
we don't have anywhere near half those problems in Canada, so why isn't the $CDN doing better?
raspberryfox says
17 years ago
I'm not an economist - but I think it's because the value of oil and gas has dropped significantly.
raspberryfox says
17 years ago
a large percentage of Canada's economy is tied to oil and gas - so when it's half the price it was 6 months ago, investors are less likely
raspberryfox says
17 years ago
to buy Canadian cash, bonds, stocks.
Eingang says
17 years ago
maybe.
"MelonHead" says
17 years ago
also US companies that are not doing well are buying less from Canada. It affects our exports.
Eingang says
17 years ago
Canada for the Canadians!
Eingang says
17 years ago
(-:
raspberryfox says
17 years ago
good point melonheadknitwear
back to top