11-06-2004, 02:20 PM
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Confirmed User
Join Date: Jun 2004
Location: vancouver
Posts: 745
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Quote:
Originally posted by Jay[neX]
They can't play with interest rates too much to make the dollar drop. If they lower the interest rate in an atempt to be closer to the rate in the USA, we'll see inflation.
The country's economy is in EXCELLENT shape, and even with a stronger dollar we still manage surpluses.
A few businesses will be hit, of course, but overall, we won't be affected as much as we think.
We export oil, so the higher the price of oil, the stronger the dollar will be.
The CAD will reach 85 cents by the end of THIS year, and will be at par with the USD by the end of NEXT year, whether we like it or not.
We have the strongest economic growth in the G7, even if our dollar have been WAY OVER 65cents for over a year.
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I agree.
Thankfully there is someone here who knows what they are talking about. |
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