Quote:
Originally posted by Paraskass
why would you lose more?
it will go up again one day or stay around the same as it is now.
In a perfect world, the Canadian dollar has to be worth 83 cents US.
Canada will not let it go much higher.
Remember we export 85% of what we make.
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Wrong. The CAD is gonna keep rising untill it surpases the USD. Give it about 12-16 months. Bookmark this thread if you have to, but it's gonna happen and everyone who kept USDs hoping it'd go up again are gonna feel sorry.
All the information available is out there. Go read and learn about economics and why that shit's gonna go down.
Everyone can pretend that the problem won't get worse, denying the ovbious truth.
Canada's exports make for roughly 41% of our GDP, so we will get hit by a falling US economy, but not as hard as them. So in the end, the CAD will be worth more, or about the same as the USD.