Canadian dollar equals US dollar

chico8

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Odd that no one has mentioned the side effects - a high C$ hurts Canadian manufacturers who sell to the US, because their goods are much more expensive in US$.

Conversely, a low US$ helps US exporters, and might someday help dent the US trade deficit. One does wonder what the Japanese and Chinese, as holders of hundreds of billions of US$ debt, think of Bernanke's rate cut and the incredible shrinking dollar.

Well, yes and no. A lot of what Canada ships across the border are necessities. While the appreciating Canadian dollar might make things more expensive, it's probably more expensive to import it from overseas. To a degree, the US and Canada are captive markets of each other.

What does the US export exactly? Much of what the US imports from China simply isn't made in the US anymore so I doubt the US will see a significant change in the trade deficit.
 

ck85x65

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Here's a fun question for all .... which country accounts for the largest percentage of the american oil supply ?


Canada !
 

myself_the_elf

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Great news. Something good must be happenening there, illegal immigrants are leaving the U.S. for Canada. Lots of them. Wait until they get a thorough taste of that in Canada. For it's part, Mexico would love to have a North American Union where they send millions of illiterate peasants to work for tax-free wages while everyone else supplies the schools, roads, hospitals and other infrastructure. Weeeeeee! I can't wait.
 

burns1de

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Great news. Something good must be happenening there, illegal immigrants are leaving the U.S. for Canada. Lots of them. Wait until they get a thorough taste of that in Canada.

Umm, newsflash: we already have a 'taste' of that here, illegal immigration is not limited to the border states between the U.S. and Mexico. The number of illegal aliens in Canada is around half a million, which is one in 60 residents (there's of course little way of proving this, but a quick walk through my neighborhood certainly leads me to think that the figure is not far off).
 

rob_just_rob

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Well, yes and no. A lot of what Canada ships across the border are necessities. While the appreciating Canadian dollar might make things more expensive, it's probably more expensive to import it from overseas. To a degree, the US and Canada are captive markets of each other.

What does the US export exactly? Much of what the US imports from China simply isn't made in the US anymore so I doubt the US will see a significant change in the trade deficit.

Sorry, I was basing my argument on economic statistics and analysis, rather than hypotheses. :rolleyes: