| Search by tag or site | Login to my blog ? Start my own blog |
![]() |
Canajun FinancesMy personal views and rants on home finances with a Canadian Perspective |
Canadian Dollar Drops
Posted on 12/13/2006 00:00 AM | Link | Post Comment
Who cares? Don't be so Cavalier when it comes to hearing that kind of news on the radio. On the surface most Canadians go "CRAP" everything from the U.S. is going to cost more and when I go to Florida this winter everything is going to be more expensive too. While this is true, you need to remember the flip side of the coin which is that Canada's biggest trading partner might want to buy more things from us. Right now a large number of Canadian companies are in a bind because of the dollars meteoric rise and they are thinking of cutting Canadian staff, because the staff and the products they create are too expensive. If the dollar drops it becomes more attractive to set up shop in Canada (if you are American or from other countries). Keep this in mind the next time you hear about a dropping dollar.
Why is the dollar dropping you may ask, well for the reason that our balance of trade with the U.S. is dropping (we are importing more things from the U.S. and/or the U.S. is NOT importing as many things from Canada). It's all nicely laid out in this article from Stats Canada (I love their daily updates, so much info to learn there). The graph shows that the drop in exports to the U.S. but our Imports have remained the same. Dropping fuel prices is helping this one out too.
For me, it's a good thing, because I work for a company that exports to the U.S. a great deal! --C8j
- Younger Rural Home Owners?
- Happy Black Monday Anniversary
- Flash: Inflation In September At 2.5%
- Get Off The Throne Will Ya?
- University Costs Holy Crap!
- Oct 2007
- Sep 2007
- Aug 2007
- Jul 2007
- Jun 2007
- May 2007
- Apr 2007
- Mar 2007
- Feb 2007
- Jan 2007
- Dec 2006
- Nov 2006
- Oct 2006
- Sep 2006
- Aug 2006
- Jul 2006
- Jun 2006
- May 2006
![]()
Examples
ATM Wallstreet - Tue Jul 08, 2008 02:28PM
Why I traded the stock ME today. I had it on my list fr [read more]
Why I traded the stock ME today. I had it on my list fr [read more]
Morpheus Trading - Thu Jul 03, 2008 07:49AM
NOTE: Please click on the charts below to enlarge them if [read more]
NOTE: Please click on the charts below to enlarge them if [read more]
Morpheus Trading - Sun Jul 06, 2008 11:00PM
NOTE: Please click on the charts below to enlarge them if [read more]
NOTE: Please click on the charts below to enlarge them if [read more]













<< My Home | TheMoneyBlogs Home