Comments:Canadian dollar reaches parity with US dollar
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The spiraling down of the U.S. dollar is caused by three things: Rising anti-Americanism, the conflicts in the middle east and most importantly, a treasury department that has NO IDEA what it is doing. It won't be like this forever, if you look at history, the Euro and USD have gone over and under each other in value thought the Euro's existence. But first, the war in the middle east needs to end, and there needs to be someone who isn't stupid running the treasury department. Contralya 00:54, 21 September 2007 (UTC)
Damn Canadafags just got lucky. Guess all those books with $7.00 (US) and $10.00 (Canada) on the back should be changed now, eh?
- We ask that you please remain civil. Calling the residents of Canada a bunch of cigarettes doesn't make sense anyway. 07:03, 21 September 2007 (UTC)
There was an article about the disparity in book and automobile prices in Canada.  I don't believe the fall of the dollar has much to do with anti-Americanism. It has to do with monetary and fiscal policy. GettingItRight 23:37, 22 September 2007 (UTC)
It's not anti-Americanism but massive debt plus Bush's insane fiscal policy (including Iraq). Currencies can fluctuate but now the dollar will necessarily stay down for quite a while.
I'd say will see 1 USD = 2 Euro = 3 Pounds soon enough, or likely even worse exchange rates. Here the point is more that a very weak dollar gives the U.S. two things :
- a reduction in the absolute value of the debt, and
- more income from trade for paying off that debt.
If we had good fiscal policies, i.e. not republicans, then an exchange rate of 1 dollar for 2 or 3 euros means our debt is effectively 1 half or 1 third the original value. So American's pay for their debt by paying more for imports. And everyone else pays too by not exporting as much.
So thje point is the dollar can't really come back up until the debt is reduced because the debt is the fundamental reason it's down. It didn't matter while the financial sheep didn't see the debt but Bush's bad management & Iraq war has opened their eyes.
In the long run I hope that low dollar values will help the world economy by reducing prices everywhere. Some peoples, like the French, are price conscious and resist price increases. But others stupidly just accept them, like the British. Americans are quite likely to fight the price increases coming with inflation, and just maybe drive down prices world wide. Nyarlathotep 00:43, 23 September 2007 (UTC)
As of right now
CAD is worth 1.00889 USD. Sahmeditor 18:30, 1 October 2007 (UTC)
- "Live rates at 2007.10.05 20:24:14 UTC
1.01935 USD" (Xe.com)
—184.108.40.206 20:26, 5 October 2007 (UTC)