Loonie reaches US$1.10

[gordholio]

The Loonie just went over US$1.10. I don't know if it will stay there today, but that's quite a jump from yesterday.

[aimfox]

soon or later. it will be 1.5.. mwahahhaha

[ali123]

maby even $2 hehehe...

[yao416]

soon or later. it will be 1.5.. mwahahhaha

maby even $2 hehehe...

ridiculous!

2$ will never happen

[wisdom_kid]

Many people are not happy about this, can anyone tell me why? Isnt this just making our economy better if our dollar is higher?

[kuqdew]

Many people are not happy about this, can anyone tell me why? Isnt this just making our economy better if our dollar is higher?

makes our poor because our exports are junk

[ali123]

Many people are not happy about this, can anyone tell me why? Isnt this just making our economy better if our dollar is higher?

companies are profiting less money when they sell things to the US

[Shaner]

makes our poor because our exports are junk

In theory, yet look around, our economy is still booming when the experts said it would start faltering if the loonie reached $0.85.

[kuqdew]

In theory, yet look around, our economy is still booming when the experts said it would start faltering if the loonie reached $0.85.

Yea, theres jobs everywhere. Even in the GTA!

[izzyzz]

In theory, yet look around, our economy is still booming when the experts said it would start faltering if the loonie reached $0.85.

Rising oil prices would have a lot to do with it as we're the biggest oil exporter to the U.S..

[Shaner]

Rising oil prices would have a lot to do with it as we're the biggest oil exporter to the U.S..

Regardless of the reasons, our economy is booming and unemployment is at a 33 year low, despite reading numerous reports by "experts" that our economy would go to shambles and hundreds of thousands would lose their jobs if the dollar was ever at par.

[Fyro]

Other countries have survived, and still survive with high dollar values... we will adjust if it stays this way... either way for consumers in Canada it cant be a bad thing.

[tkyoshi]

In the big picture what it comes down to is not whining but being competative.

If companies are productive and competative they can compete with the dollar over par. The US had a very strong dollar for a long time and they were still able to produce stuff. Even in Manufacturing Rich ontario, unemployment is at an all time low.

[gordholio]

soon or later. it will be 1.5.. mwahahhaha

I doubt it. I think the government would step in along with the Bank of Canada (not the government) and raise interest rates to keep the dollar from going anywhere near US$1.50.

[unleashed]

The dollar is fluctuating at a very fast pace, can this have any negative affect on our economy?