Quote:
Originally Posted by Balalsubturfyooj
The Canadian dollar has been gaining strength and some of our provinces are already out of debt like Alberta and Manitoba from what I understand it...
It is strange how Canadians are of the mindset that the Canadian dollar has to be lower the the US dollar... Canada is getting the national debt down... way down... and the United States are trillions in debt... I don't understand how investors back the USD while such a country backing its dollar is trillions in debt and climbing.... Does the US dollar and its country deserves to get every other nations backing on a bad investment ???
I'm not against the US... however I cannot see the world keep on backing and using the US dollar. A bad investment is a bad investment.
Later,
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One has to wonder if the US, Canada, and possible Mexico is gearing up for a single currency like the Euro.. The only reason I doubt this scenario is that mexico has very little to offer than labor and canada (no offense) has a lot less resources than the US, unless there is somem hidden oil reserve in Canada...
In any case, something is going on... I don't believe the US is letting the dollar drop other than by dfesign...
anyway, keep it up, i am killing it in forex....