Originally Posted by cattle
It is KILLING ME as I am paid in US $$$ My paycheque just keeps going down and down
I am no expert (by a long shot) but I would think that if the CDN $ doesn't weaken it will hurt our economy very badly as businesses such as yours start to lose business or do to lost competitive advantages of a week CDN $. I wonder if David Dodge might not cut interest rates again to help the the $ (depending on your point of view) but then there is inflation.
Youponder?
I can't help but chuckle as I read the original couple of posts from Oct 2003. Who would have thought we would now be talking about a Canadian dollar at >90 cents or discussions about the potential for par? Now the TSE is at sky high levels, the oil companies are bathing in money, the banks are making lots, etc.
While I can sympathize with those who get paid in US dollars, what goes around comes around. You made a killing at 0.62 cents. Good times are typically followed by bad times.