C$ - The Peso of the North? Message Board

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Pastimes : C$ - The Peso of the North?

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To: SofaSpud who wrote (159)	11/16/2000 12:23:00 AM
From: Kitskid	Read Replies (2) of 177

The $C is in a unique position. When the $US goes up the $C goes down. When the $US goes down the $C seems also to go down. The Canadian economy and Canadian's affluence are a direct result of our proximity to the USA. As a producer and exporter of petroleum and other basic commodities one would expect the $C to fair better then it has. The most important factor in a currencies value is confidence. The Canadian government has had a policy of devaluing the currency from time to time. In addition the international currency speculators seem to have been able to drive the value down with ease. The $C doesn't instill a whole lot of confidence because of the Ottawa Zoo and the specter of Quebec separatism. It's interesting to note that the Quebec separatists intend to use the $C after they separate. There is good reason to have international (US) investments if you are fortunate enough to live in Canukland. It seems there hasn't been much interest in posting anything here for months--they don't call economic the dismal science for nothing.

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