Saturday, January 15, 2011

Loonie will stay at par with U.S. thanks to "sound" fiscal situation

[mEDITate-OR:
think that "The Ugly Americans" is about the economy...
and has nothing to do with you.
---------
While all of the attention of too many of U.S. is focused on China, or the EURO, or the price of gas, a major economic shift has taken place that is NOT being shown to U.S.
First, you need to look at currencies for economically strong countries - Switzerland, Canada & Australia. Vis those countries the US dollar is collapsing. In aboot (CAN sp) three years the CAN Loonie has risen from US$ 65 to now above par.
Try as the current Conservative Govt has to force the Loonie back down - If China were doing that, we would call it currency manipulation. But, our Good Neighbor to The Far North would never, EVER do that to U.S. So, tisn't true. - they cannot. Being very well run has its benefits - really cheap property from U.S.
-----------
---------
Chart forCAD/USD (CADUSD=X)
------------
Chart forCAD/USD (CADUSD=X)
============
Loonie will stay at par with U.S. thanks to "sound" fiscal situation
http://www.cbc.ca/politics/story/2011/01/12/flaherty-dollar.html?ref=rss
===========

No comments:

Post a Comment