What is the chance of Canadian dollars overtaking the US dollars again?
What is the chance of Canadian dollars overtaking the US dollars again?
Considering the US economy is going down the sewer and China and India are becoming more powerful.
I would say pretty likely.
If it ever does go to parity, it won't stay long. Mark Carney won't let that happen. Even at these prices (92.5) he's already trying to talk down the Canadian dollar.
Parity is bad for Canadian business and will likely prolong a recovery.
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-1Originally posted by sputnik
Considering the US economy is going down the sewer and China and India are becoming more powerful.
I would say pretty likely.
Although China is becoming more powerful they need the USD to stay strong because "China holds around $2 trillion worth of foreign-exchange reserves, a large part of which is U.S. treasury bonds." (source: Wallstreet Journal)
I work dt at a large O&G company... we had a guest lecturer (a prof from UofA) discuss his new published work comparing the current recession and the previous ones taking into account factors that didn't exist previously (ie. extreme deficit spending strategy used by the govt's)... we tend to lag behind the US economy in rebounding from recessions... we're always playing catch up so even if we reach or go beyond parity it won't last.
Can you tell us the title of the book?Originally posted by xttxt
I work dt at a large O&G company... we had a guest lecturer (a prof from UofA) discuss his new published work comparing the current recession and the previous ones taking into account factors that didn't exist previously (ie. extreme deficit spending strategy used by the govt's)... we tend to lag behind the US economy in rebounding from recessions... we're always playing catch up so even if we reach or go beyond parity it won't last.
Has an IQ of 138, but can't figure out basic algebra.
its not a book...its published in an economic journal... thats how academics do. hahaOriginally posted by PeterGTiR
Can you tell us the title of the book?
edit: economic or academic journal ...whatever its called
the prof's name was Stuart Landon
Last edited by xttxt; 07-31-2009 at 04:29 PM.
Will the CAD reach parity again? Very possible.
Will it stay there for any meaningful length of time?? Not likely.
Considering most of Chinas reserves are in US treasuries, not likely.
Considering most of the debt in the world is held in USD, and will need to be repaid increasing demand for USD, not likely.
Considering oil and gas (or their positive net economic impact on Canada) are way over valued, not likely.
Considering Canadian economy is going to get it's ass kicked even harder at parity, not likely.
Maybe im missing something?
I would like to hear a good case for the opposite, my views tend to be pretty lop sided these days
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