Quote:
Originally Posted by Cowboy89
You can't use rates from when the exchange rate was pegged or under the gold standard for purposes of comparison. You can only use rates from 1970 onwards when the dollar was allowed to trade freely. That average is much below 0.98! You're right the 90s was low, but today is high.
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agreed, but winnipeg is probably competitive at 95 or even 90 cents. we are talking about the canadian dollar vs the us dollar, and looking at the rate thier debt is increasing, plus covering more healthcare publicly when the baby boomers are about to retire, tells me the US is worse off. other countries don't want to service thier debt, so the US will have to print off mass amounts of money, thus devaluing their dollar through inflation. the Canadian economy won't be hit as hard because our debt is minimal compared to theirs, of course it will still be hit, but on a strictly canada vs us basis we should be better off