Dollar continues to move upwards vs. US $

[habernac]

Originally Posted by psicodude

I agree that freight costs are higher in Canada, but $20k higher? I don't think so. I think it has become quite apparent that Canadians have been fleeced by the auto industry for a long time now. They were just able to use the dollar as an excuse, until now.

The other question I have is....what will the Bank Of Canada do (if anything) to put a halt to this trend. I mean, at some point the strong dollar will really start to hurt the economy....right?

and the fact that cars are $10,000 cheaper in Alaska throws that theory out the window.

[guzzy]

Originally Posted by Bobblehead

The Canadian Auto Workers (CAW) have not been affiliated with the UAW for years.

oops my bad.

[Flames_Gimp]

Originally Posted by The Yen Man

Oh yah? How do you figure? Wouldn't companies moving production to the States and massive layoffs as a result of plants closing down in Canada affect the general population?

talk about exaggeration. theres still big layoffs happening right now regardless..

you guys make it sound like the minute the dollar gets to a certain point, canada will blow up.

[Dion]

Originally Posted by Wookie

Looking ahead to next week, the major event of the week will be the Bank of Canada's interest rate announcement on Tuesday.
While a Reuters poll on Thursday showed that Canada's primary security dealers unanimously forecast the central bank to leave rates steady at 4.5 percent next week, attention will be paid to the tone of the bank's statement as the market seeks clues on the direction of monetary policy. "Last time around the tone was quite dovish, at least it opened the door to rate cuts," said Carlos Leitao, chief economist at Laurentian Bank of Canada. "But I think this time around they're going to play it safe and become a bit more hawkish, signaling there will be rate hikes once the money markets return to some sort of normalcy."

http://ca.today.reuters.com/news/new...-BONDS-COL.XML

Are they announcing it on Monday or Tuesday?

I figured they'd stand pat for the rest of the year.

Eh, but who knows, I guess we'll see next week.

I stand corrected - it's Tuesday

On the radio someone from the TD bank said rates will remain the same.

[psicodude]

Originally Posted by habernac

and the fact that cars are $10,000 cheaper in Alaska throws that theory out the window.

And now I am even more angry, thanks.