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FlamesAddiction · 05-19-2007, 01:13 PM

Some questions for the economics savvy people here:

With Canadian dollar hitting a 30 year high this week (~0.91-0.92 USD), shouldn't we be seeing more buying power with our dollar, and as such; shouldn't prices be going down on goods manufactured in the US? I remember when the Canadian dollar was shrinking, magazines and books started having separate US and Canadian prices on the covers that more-or-less reflected the difference in currency value, but they have stayed the same now even with currency values that are relatively close.

As I understand, recently the Canadian dollar has made gains on other world currencies. Does anyone have any links to this?

And lastly, I know that a low Canadian dollar gives us a trade advantage with the US, but what are the benefits (if there are any)?

05-19-2007, 01:13 PM	#1
FlamesAddiction Franchise Player Join Date: Oct 2001 Location: Vancouver Exp:	The Canadian Dollar Some questions for the economics savvy people here: With Canadian dollar hitting a 30 year high this week (~0.91-0.92 USD), shouldn't we be seeing more buying power with our dollar, and as such; shouldn't prices be going down on goods manufactured in the US? I remember when the Canadian dollar was shrinking, magazines and books started having separate US and Canadian prices on the covers that more-or-less reflected the difference in currency value, but they have stayed the same now even with currency values that are relatively close. As I understand, recently the Canadian dollar has made gains on other world currencies. Does anyone have any links to this? And lastly, I know that a low Canadian dollar gives us a trade advantage with the US, but what are the benefits (if there are any)? __________________ "A pessimist thinks things can't get any worse. An optimist knows they can."