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Post by Derwydd. on Oct 22, 2007 19:29:27 GMT -5
For the first time in something like 30 years, the Canadian dollar has surpassed the American dollar ... currently sitting at CAD/USD +1.806%. A lot of people are now wondering if it will have an effect on the trades and tourism industries, if say the US will now turn to other countries for cheaper imports which may deteriorate Canadian/US relations over time. Tourism ... not so much, buisness owners are afraid that people will choose to vacation elsewhere to save money.
Opinions?
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Post by amoyensis on Oct 22, 2007 20:20:03 GMT -5
It'll take awhile, currently, even with the dollar difference, it's still cheaper to buy stuff in the US than in Canada. This is pretty much everything, especially gas but other things too. e.g. if I wanted a brand new amp online I'd still pick it up from the US.
If it does affect trade/tourism... okay. No biggie. This has happened before, the world didn't end, Canada and the US stayed bum-buddies friends.
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Post by Atheo on Oct 24, 2007 7:32:53 GMT -5
I'm curious as to why, even though the Canadian dollar is now worth more, Canadian cars cost a lot more than American cars. I've been hearing about this a lot on the news but never have I heard an answer.
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Post by Derwydd. on Oct 24, 2007 12:52:37 GMT -5
Canadian car companies or just cars made in Canada? Thats a new one for me, I have no idea ..... harsher climate changes maybe?
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