Quote:
Originally Posted by GoinAllTheWay
Good posts.
I had always wondered why a high dollar value was bad for Canada. If it's bad for us, why wouldn't it be bad for the US? What possible reason could you have for wanting your dollar to be worth less? For as long as I can remeber, the Canadian dollar has always been worth less than a US dollar and for the life of me, I could never understand why that would be a good thing.
Can't say I fully understand it yet but if someone could dumb it down a bit for that would be awesome.
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I'm probably wrong but I think it has to do with other countries less likely to buy/trade for our goods such as wood, oil and so on because it will cost them more than going with a country with a low dollar. Some please correct me if that is not the case...