Quote:
Originally posted by Paraskass
I stopped converting it at 1.20-1.25
Keep it in your US account if you can.
Canada cannot let it's dollar keep getting stronger.
A strong canadian dollar will destroy OUR economy.
85% of what we produce is exported, and NOBODY is going to buy it if it's expensive. They'll start buying from cheaper countries.
Nothing has been done yet, but companies are already loosing contracts and laying people off.
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the states still has a huge trade deficit with canada. the USD can still drop a lot.
some countries are realizing that a stronger currency is good. for us, its helped up growth and asset values. you have to look at the big picture. in a developing country a low currency is great, but it doesn't increase the standard of living.