 7 Weeks High for the Loonie The Canadian dollar has hit a seven-week high against its American counterpart as oil prices continue to rise amid signs of global economic improvement.Commentsview comments in forum Page 1 You need to be a member of CKA and be logged into the site, to comment on news. |
Share
Who voted on this?
|
Mobile
All logos and trademarks in this site are property of their respective owner.
The comments are property of their posters, all the rest © 2025 by Canadaka.net
The comments are property of their posters, all the rest © 2025 by Canadaka.net
Apparently we've become too expensive.
Yea, it's great for that. Not so good if you're a steel fab shop that hasn't been winning any American contracts lately.
Apparently we've become too expensive.
That is the problem of a low valued dollar. It promotes inefficiency. Our current problem is the rise of the dollar has been more rapid than industry can change. Eventually we will make the necessary changes to get our cost of production in line with the market. If at a future date the US dollar rises again relative to the Canadian dollar our industry designed to be competitive at par will blow the socks off a US producer.
That will in turn force the Americans to improve efficiencies to compete and the cycle repeats.
Yea, it's great for that. Not so good if you're a steel fab shop that hasn't been winning any American contracts lately.
Apparently we've become too expensive.
That is the problem of a low valued dollar. It promotes inefficiency. Our current problem is the rise of the dollar has been more rapid than industry can change. Eventually we will make the necessary changes to get our cost of production in line with the market. If at a future date the US dollar rises again relative to the Canadian dollar our industry designed to be competitive at par will blow the socks off a US producer.
That will in turn force the Americans to improve efficiencies to compete and the cycle repeats.
Your economics is right on the mark. And I'm off to the Bahamas on the weekend, so I exchanged $500 today.