Quote:
|
Originally Posted by jigga
From everything I read it's the opposite. If the conservatives won majority it would strengthen the dollar as they were supposed to cut taxes including maybe getting rid of the GST.
Now it looks like the cdn $ will drop a tad hopefully since it's not a majority goverment. Then again if they get rid of the GST it will probably strengthen (damn if you do, damn if you don't situation for those of us getting us checks)
Here's a recent article
http://www.bloomberg.com/apps/news?p...Y&refer=canada |
taxes have nothing to do with the dollar. their platform may be viewed as one that causes deficits which would drop the dollar. their numbers don't add up and if it did go up unless changes were made to keep the country in the black the dollar would drop.