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Old 08-08-2011, 10:01 AM
 
Location: halifax
237 posts, read 869,969 times
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Why is Canada's currency the only one falling relative to the USD today? Is it the really low interest rates? (think they're the lowest among major economies)
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Old 08-08-2011, 07:39 PM
 
22,629 posts, read 24,486,042 times
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Originally Posted by Philip T View Post
So deal the problems that have sunk US into deeper and deeper into debt for the last 30 years . . . .

Imbalanced Trade -- kill the Trade Deals and bring back Tariffs on imbalanced trade.

Oil. Take US off Oil. We go deeper and deeper in debt on this year after year since the late 70's.

Military. We are funding a Global Psychopath Level War Machine. With Endless Wars just going and going and going.

And slap harsh regulations back on the banks and insurance industries.

Bring those in line, and all the budgets would balance -- Federal, State, and Local .gov, US households, and business, too.

B U T -- the Repubs/Tea Party is not going to touch any of that -- because their Corporate Supporters/Funders are for ALL of that which has been going on.
Huh, I guess the push for a Balanced Budget Amendment would put those things you mention right in the crosshairs, we would have to really think about what we are blowing money on!!!!!!!
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Old 08-09-2011, 08:25 AM
 
Location: Victoria TX
42,579 posts, read 86,764,762 times
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Quote:
Originally Posted by grmike View Post
Why is Canada's currency the only one falling relative to the USD today? Is it the really low interest rates? (think they're the lowest among major economies)
Today, the Canadian is rising against nearly all currencies except Yen and Euro. Last week, Canadian banks were paying 1.8% on GICs (CDs). More than 1% even on cashable-on-demand. In think Switzerland is paying virtually zero interest, and showed the largest exchange rate gain.

Yesterday, when you wrote this, Canada's dollar rate was falling at about the same rate as most other currencies (Pound, Australia, Brazil, India, etc.)
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