Quote:
Originally posted by MetaMan
this sucks bad for canada, it is bad for exports because we have less buyers as our dollar rises. also for me as i get payed in usd it sucks bad. i wonder if i got payed in euros if it would make a difference at all. this is the reason why china controls there dollar so that countries can easily afford to buy there exports and there population doesnt have the amount of money to buy imports. thus keeping the market all within their own country.
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Then move to China. No, seriously, if a good run was ending, it ended at 62 cents, not 77 cents. Personally, although I understand the negative effects on our economy, I think we should be proud of a rising dollar.
Our exports still have a large surplus; we still have a ton of resources that others will need. I would rather sell 5 items at $20 than 10 items at $10 because I have the same amount of money and 5 more items to sell. Obviously, someone being paid in US dollars gets hurt by this more than me. I get paid commissions in Canadian dollars in USD accounts...
But if you want a controlled internal economy, move to China. They probably won't allow you to do business in another country though...and if they do, they will tax you through the ass so you don't reap the benefits of a currency discrepancy.
James