Originally Posted by tcook052
So because CAD isn't the universal currency the USD is it's therefore a marginal currency? How quaint if all too familiar a view of our
small country from an American POV.
BTW, you'll note I never claimed our currency was as universally used as the U.S. buck, just disputing your claim that our
small country had a
marginal currency.
I really don't understand your reaction to this. The Canadian population is about 0.55% of the world population. Perhaps you don't like the word "marginal", but 0.55% not exactly what I'd call dominant. My point is that pricing of goods and services in the international landscape is not done in CDN$. Therefore Canadian companies tend to be quite vulnerable to (and inconvenienced by) fluctuations in the C$.
How quaint if all too familiar a view of our small country from an American POV.
I'm actually referring mostly to the UK/Europe.