Dave_ON Posted October 11, 2010 Report Posted October 11, 2010 So G.W. Bush did well to lower their dollar Ridiculous, the tumble in the greenback was not "planned" or some brilliant economic stroke of genius. It was the housing market, and bank issues. As well as several "too big to fail" companies failing that affected it so much. Bush had nothing to do with it. Who'd want to invest in Canada at 62 cents a dollar? Umm everyone, especially Americans, if you can get a skilled and educated worker for 38 cents less an hour you're going to take it. Why do you think Manufacturing is so big in Ontario? The Canadian dollar vis a vis the greenback was great for the Ontario, and consequently the Canadian economy as a whole. Up until last year Ontario was the only province in Confederation to never have been listed as a "have not" province. How did Canada survive when our dollar was US$2.65 in late 1800's??? Several reasons, this is somewhat of an apples to oranges discussion. Suffice to say the economy of the 1800's was significantly different from that of modern times. We were largely tied to the UK during the time and less dependant on trade with the US. Also you would be referring to the Canadian pound unless you're talking about 1858 when the Province of Canada adopted the dollar. However, any discussion of the Canadian dollar is irrelevant until post confederation 1867. Suffice to say throughout most of modern history, roughly 1950 onward our dollar has been worth less than the greenback, with some spikes in the 70's due to, you guessed it higher energy prices. Our dollar is a petro dollar, as the price of oil goes, so goes the loonie. Oddly enough the reason we converted to the decimal over the sterling system is in the interest of trading with the US. And why do you think our food is now cheaper than during Chretien's 62 cents era?? Do you have a link to support this position? This seems to run counterman to basic inflation principles. I haven't checked the figures myself, but I find that difficult to believe, a link would be appreciated. Quote Follow the man who seeks the truth; run from the man who has found it. -Vaclav Haval-
Saipan Posted October 12, 2010 Report Posted October 12, 2010 Ridiculous, the tumble in the greenback was not "planned" or some brilliant economic stroke of genius. Like the tumble of C$ under Chretien, or EURO later on?? Why do you think Manufacturing is so big in Ontario? In comparison to USA or China? The Canadian dollar vis a vis the greenback was great for the Ontario, and consequently the Canadian economy as a whole. Not for the people. Do you have a link to support this position? Do you have a link to support this position? Quote
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