9.4 cents is still less than a dollar.
Posted on 11/04/2007 1:15:45 PM PST by shrinkermd
Did they suggest what role conservative principles might be playing in Canada's recovery?
Once the US gets the housing situation under control, the greenback will come roaring back. But in the meantime, the weak dollar is doing great things for bottom lines of many US corporations. The cheap dollar means the DOW will continue to rise.
It’s always enjoyable to see the ignorant, bigotry, stupidity and resultant glee of so many Canadians as expressed in the comments section of this piece on the Globe site. It’s truly amazing how angry and clueless they are about apparently _anything_ going on with the U.S.
We Americans didn’t steal the name Thaler from the Germans, we adapted it. Why do these mini economies like Canada, Hong Kong, New Zealand , etc ,etc, get to call their cowerie shells DOLLARS?
Yep. That stuff is all made in factories in China. Typically owned in part or wholly by US or Taiwanese corporations. We’ve just shifted locations of the factories, and use cheaper labor, that’s all...
Yes, I travel to China a lot (live there 18 weeks of the year), and work with these factories nearly every day. On the whole, I’d say our economy is better BECAUSE of the move to production overseas. Yes, we have lost some blue collar jobs, but we’ve gained a tremendous amount of white collar jobs, and improved our standard of living without requiring massive increases income (consider that a 27” color TV is 1/4 the price of a 19” color TV from 15 years ago).
I would still prefer to not see the decline of blue collar America. Obviously, world economic forces do not take my preferences into account.
There won’t be any big “economic disconnect.” Canadians will simply get more money for their products—especially those products that will cost far more to freight from overseas countries. All-in-all, the rising currency will make Canada richer.
Actually, even the Mexican peso is worth more than the American dollar.
My mistake—the dollar is still worth a little more than the peso.
9.4 cents is still less than a dollar.
The Dow should be absolutely scorching higher, scratching my head a bit why it’s not? Financial stocks aren’t helping the cause for sure. But hey, their billions of dollars of losses, are in discounted dollars at least!
How funny!!!!!!!!!
Chrysler is at Windsor, Ontario. Just laid off 12,000 employees or about to. Neither here nor there, but I just bought a 2007 Caravan locally in Canada. I dealt the same dealer for 29 years. T'was a demonstrator though- lovely deal and all.
The chortling about getting the same for thousands less by using America, is all very well, but the bottom line is jobs.
I am tired myself of all the silly talk. My newspaper of choice is the National Post, not the Grope and Flail. LOL
Whoa there, says I, there appears to be some trepidation on the part of a number of Canadian viewpoints. I dare say a few tub thumpers will talk about a Canadian "Celtic Tiger".
I live in a border city. Our tourist trade took a bit of a whacking this summer. Our big attraction, the Train ride up to the Agawa Canyon relies on American tourists.
One needs to have a job, before one can tootle off to - oh yeah-Walmart, the one over the river and not our local one.
Ever work in a factory? 10 minutes seems like a day and the bell is all you wait for. Another day gone down the drain.
I have. And at the time I was happy to have the job.
I get your drift. I worked on a T/V production line in Toronto many, many moons ago. One and a quarter minutes each operation. The chassis would all move down at the bell. The women seemed very happy. They would sing and chat, nobody minded. True they were supporting their spouse. Some men were not quite so with it. Still I ate through the winter and paid my board.
The lower American dollar would obviously benefit American manufacturing exports. Boeing has a big contract with India. The downside is that like Canada, the manufacturing industry has to some extent gone to hell in a handbasket.
On the bright side, is the fact that American ingenuity could quickly revitalize old plants. Surely this mass import of goods from the likes of China cannot last forever. When boasts are made about jobs, jobs and more jobs, thus who cares about imports? the true fact is obscured.
How many new jobs pay a living wage?
How many new jobs pay a living wage?
A lot, unfortunately they are all “knowledge-based” jobs that require highly-specialized skill sets.
2005 was over a dacade ago? I guess I need to brush up on my math.
In order to compare year to year figures, you have to correct for inflation. Otherwise, currency value changes distort the comparison and give wrong information.
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