83 cent dollar.

[ZenOps]

No doubt a lot of strength from lumber sales this year because we all know oil consumption was a wash.

Highest in six years.

https://www.ctvnews.ca/business/comm...high-1.5430647

[flipstah]

Foot long subs baby! Were back

[Manhattan]

Hoping we'll get back to par some point soon. Say what u want about 'Murica but they do business well and US dollar is going to be more valuable than CAD in the long run. Plus hoping to spent lots of cash and maybe buy property down there at some point.

EDIT: I'll add looking at a long term (70 yr) chart US has been on par with CAD just a small handful of times since the 1950s and hasn't been consistently valued at 83 cents since the late 1970s. I don't think the US/CAD FX dynamic will change significantly anytime soon and we're likely looking at another 'blip'.

[dirtsniffer]

Weird.. Wonder what happened between 2006 and 2015...

[ExtraSlow]

I wonder what industries you guys work in that you are hoping for our dollar at Par with USD. That's bad for every export-based business, which is the majority of our economy.

Good for vacations to Vegas though, so that's a plus.

[Buster]

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I wonder what industries you guys work in that you are hoping for our dollar at Par with USD. That's bad for every export-based business, which is the majority of our economy.

Good for vacations to Vegas though, so that's a plus.

we're in a currency devaluation hot war.

Canadians are convinced they don't need export based businesses remember? We're going to feed ourselves on a national level real estate ponzi scheme and making each other lattes.

[Kloubek]

While interesting (and nice, depending on your perspective), it's still nothing like back in the start of the 2010's when I bought a vehicle in the US and got 10% *BACK*.

Oh, the days....

[ExtraSlow]

I don't know why exports are even legal. If we cared about the environment we'd stop them immediately. No lumber, no coal, no cars, no gas, oil or bitumen. We could really hit some targets then! Banning imports would be the logical next step, and in-line with stated government policy goals as well.

Then currency wouldn't matter.

[Xtrema]

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I don't know why exports are even legal. If we cared about the environment we'd stop them immediately. No lumber, no coal, no cars, no gas, oil or bitumen. We could really hit some targets then! Banning imports would be the logical next step, and in-line with stated government policy goals as well.

Then currency wouldn't matter.

IEA has enter the chat.
https://www.theguardian.com/environm...ergy-economist

[ExtraSlow]

They are disingenuous. No new investment will happen if they ban exports and imports from every developed nation. Simple.

[suntan]

This is not a good thing.

[killramos]

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we're in a currency devaluation hot war.

Canadians are convinced they don't need export based businesses remember? We're going to feed ourselves on a national level real estate ponzi scheme and making each other lattes.

Don’t forget Canadian Netflix content. That will really make a dent.

[spikerS]

Reading this, it made me wonder. Would a new currency be beneficial in NA? Something similar to the euro? Still have separate CAD and USD, but have a third currency for all of NA, maybe even include Mexico...

With so much of the trade in NA being across the CAN / US border, it kinda makes sense in my mind, but I can't articulate why.

[Xtrema]

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Reading this, it made me wonder. Would a new currency be beneficial in NA? Something similar to the euro? Still have separate CAD and USD, but have a third currency for all of NA, maybe even include Mexico...

With so much of the trade in NA being across the CAN / US border, it kinda makes sense in my mind, but I can't articulate why.

It's efficiency but you end up fully adopting economic policy of US.

Also our economic freedom ranking will most likely sink from our current #7 to US's #17.

This has been pondered for a long time.
https://en.wikipedia.org/wiki/North_...monetary_union

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This is not a good thing.

What can BoC do to stop $CAD rise? Get into more debt?

[ExtraSlow]

Having your own currency is often a benefit because you can do some small manipulations to benefit your industries. Not saying Canada is good at this or anything, but it's a possible benefit at least, which a common currency would remove.

[Buster]

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Having your own currency is often a benefit because you can do some small manipulations to benefit your industries. Not saying Canada is good at this or anything, but it's a possible benefit at least, which a common currency would remove.

that, or you could try to actually, you know, compete.

[ExtraSlow]

Now you are really talking crazy. Even crazier than me, which is crazy enough.

[Kobe]

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Having your own currency is often a benefit because you can do some small manipulations to benefit your industries. Not saying Canada is good at this or anything, but it's a possible benefit at least, which a common currency would remove.

I don't think this is possible in the future and there is no point TBH.

1. Money is just printed (not backed)
2. We need a currency to peg the CAD to to give it "Value" for any and all trade Canada does in the future.

If we are talking about a backed currency, if we are talking a "FIAT" than I don't think it makes a big difference as it will depend on what the other currency does.

What I can't grasp my head around is the US Printed more money but the USD is still stronger than the CAD, like should this not be hurting the US economy rather then making their currency stronger?

I mean current 1USD = $1.20cad

Before the financial crisis in 2008 the Dollar went $1USD = $0.90CAD then again in 2011...

Now with a 128 Debt to GDP ratio for the USA its sitting at 1.20 when they are printing trillions. I get it we are printing too but its not anywhere near what America is printing of this imaginary money.

I think the whole world EXCEPT for America would benefit from a new monetary policy, I can't see how other nations wouldn't be better off without it?

Then it brings up the question of of "Is having nations better then 1 big world nation?" I don't know the answer to this, since it's never happened, but I think it's pretty possible in the future.

EDIT: What I think most people are not realizing is the WHOLE world is using the USD for trade.

All America has to do is print USD since their is demand, if they dont print then the value of the USD becomes stronger.

Thats USD to CAD

» Click image for larger version

USD has continued to just print fiat, and their curreny remains strong which hurts every other economy.

Here is USDEUR


» Click image for larger version

And here is CADEUR.


» Click image for larger version

[Buster]

I think we now know that Zenops R-naught is at least 1.

[killramos]

‘Member back when you had to actually splurge on a Bloomberg terminal to pretend TA had legitimacy?