• Last Updated:
  • May 8th, 2014 6:59 pm
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[OP]
Deal Addict
Feb 17, 2012
1204 posts
215 upvotes
ORLEANS

Canadian dollar

Is the canadian dollar going to get better or worse? I want to buy a few things from the USA
4 replies
Deal Addict
Jul 9, 2004
1572 posts
168 upvotes
Delta
probably not gonna change too much in the next little while. source: your guess is as good as mine.
Deal Fanatic
User avatar
Jan 14, 2004
9429 posts
536 upvotes
Markham
If we can predict everything, we wouldn't need economists speculating everything.
:lol:
Deal Fanatic
Oct 26, 2008
5886 posts
1537 upvotes
BC
A few months ago, most "experts" were saying the Cdn.$ would slide gradually down over the course of this year to settle around 85 cents.

Usually, on a downward path there are few times when a modest but temporary recovery or bounce looks in the cards, and that gets nullified when people seize the opportunity to stock up on USD.

I think the second slight bounce is happening now. If it goes to, say, 93 cents then opportunistic USD buying will undo it.

Sort of a self-fullfilling prophecy that the Cdn. $ will lose value courtesy of Canadians themselves, whether shoppers or currency speculators.

Overlaid on this is the real-world factor of whether the USD really is strengthening for sound economic reasons.

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