FlyerTalk Forums - View Single Post - Has the CDN dollar been affecting you?
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Old Oct 8, 2003 | 2:12 pm
  #23  
why fly
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Join Date: Nov 2002
Location: Toronto YYZ UA-1K 1MM,QFgold
Programs: Royal Ambassador/ SPG Platinum 75/Marriott gold
Posts: 14,283
OK let not complain as there is not much we can do. We had a huge advantage with a weak US$ and we got lazy. Also part of the lumber tariffs and steel problem are related to our low CND $. The US got sick of unfair competition and complained, or went to the courts.
Most economists expect our CND $ to continue to strengthen, so we better look to other countries to export our products. That would be a good idea our trade with the US is to large a percentage and it dangerous.
I expect Dodge to lower our interest rates but we do have to be careful we don’t want to inflate housing prices anymore as already the coming crash will hurt. These low interest rates “trick” stupid buying decisions in our domestic market and that will be harmful in the long run. That’s my 2 cents worth. Lets try to look at the positives of a higher CND $ because it’s inevitable.
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