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geesh Canadian dollar was down over 2cents today at one point...now its down 1.09
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Dropped hard again today because of commodities. Our banking system is sound though - so that's a good sign going ahead.
OPEC reducing supply could help slow the slide.
@pcproffenno - at least your government takes a larger share of the oil pie. Our provincial governments have sweetheart deals for the oil companies and Alberta alone should have an oil fund larger than the Norwegian one but they just give it away.
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geesh Canadian dollar was down over 2cents today at one point...now its down 1.09
Am I the only one getting paid for ppc by DS, TZ, Skenzo in U.S Dollars?
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Canadian dollar down over 2.5 cents again today ... dollar under .85
Oil down also..at $81 a barrel.
hard to believe it's under .85 ... but just saw it on Yahoo finance. I think it has to do with how hard oil is dropping. I hope gas prices come down as much.
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Maybe people will not think i'm completely clueless...when i first mentioned in this thread that OIL and CAN dollar are correlated.
Bad News: Canadian dollar was down 4.5cents and hit its lowest rate in 3 years under .83cents
Good News: it's only down 4 cents now
I give
The sky is falling...The sky is falling...
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A low Canadian dollar is good for Canada - when there was a 12cent difference and I was in US trade shows - there was lot's of us Canadaians hocking products there - the 12% exchange added to the margins
Unfortunatly this only works if the US is buying?
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I agree... a low Canadian dollar is usually very good for the country... but I dont think it will make a big difference heading into this economy (worldwide recession) ...
*This was history making day for the Canadian dollar. Largest drop ever
heh...no worries investor, I was with you from the beginning.Originally Posted by theinvestor
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$ will be at all time lows in next 2-3 years
You cant print the obscene amounts of dollars that the Fed is printing w/o it having an effect on the price of the $
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