[Smac20]

Who's on board the Canadian Dollar Money Train? Sure it hurts our exports, but there sure is a lot of new capital floating around the TSX. Now that Russia is officially diversifying away from the Greenback with Canadian Dollars I'm sure many other nations will or already have followed suite. To Parity and Beyond!

 

[HaroldCrump]

Who's on board the Canadian Dollar Money Train? Sure it hurts our exports, but there sure is a lot of new capital floating around the TSX. Now that Russia is officially diversifying away from the Greenback with Canadian Dollars I'm sure many other nations will or already have followed suite. To Parity and Beyond!

I say screw the exports and on with the CAD.
With manufacturing and automobile industry in the dumps, we're not exporting much anyway.

 

[iherald]

I will recommend auto cad.

That's pretty funny!

 

[HaroldCrump]

I agree. Why do we export materials to china and then by the products back?

So that we can buy a T-shirt for $10 and not $500.
So that we can buy a piece of furniture for $100 and not $1,000.

 

[Kirkland]

Well the Canadian Dollar is very stable at the moment partly due to the massive amounts of money being pumped into the TSX (perticular gold stocks) however since the release of the US employment figures yesterday it took a hit of about the last weeks gainings, and potentially more so when trading starts again on Monday as people start rush selling.

It will more than likely fall once the USD stabilizes again when the Fed brings the interest rates back up stopping the massive inflation that may be on the horizon, bringing it back to levels it was at before the "Financial Crisis".

So, if you have liquid assets at the moment it may be worth changing it into something like GBP as this will no doubt gain on the CAD as we go through 2010. I believe the rate at the moment is in the region if 1.74 and it will probably return back to 1.9-2 within time.

Just my two cents!