Quote:
Originally Posted by Cowboy89
WTF??
Are you an economist and an FX expert now?
The history where the CAD traded in line with the US Dollar prior to the past three years was before 1970 when the currency was on a fixed exchange rate. Ever since then the $CAD has been allowed to freely float; the past three years have been the only time it had meaningfully eclipsed par. Don't get caught up in the nationalistic hype, in the broad spectrum of things the times we live in is a peak of sorts not a norm.
A couple of articles, just today:
http://www.theglobeandmail.com/repor...rticle1989140/
http://www.theglobeandmail.com/globe...rticle1988798/ |
The average over the century is around .98, the artificial lows of the 90's weren't the norm either, and the state of the loonie vs US is determined by US and Canadian economies, whatever the state of our economy it pales into insignificance compared to what is looking likely to come down the pipe in the US. At which point the US dollar is likely to lose value heavily.