strongly disagree if Canada proceeds down the same path as the USA, then you will reap the same reward -- FINANCIAL DESTRUCTION
so what if your exports to US customers cost more? from 1988 to 2001, the US exporters suffered the same fate big deal, not as large a punitive situation as you make it
the benefits of a stable currency are vast you will attract foreign capital when the US fails to do so your interest rates will stay low after US rates reverse upward your commodity costs will be lower, even as our rise your domestic mineral and resource business will soon take off the costs of these delivered materials will be kept low as a result of these many benefits, your economy will remain stronger you overlook this entirely
US RATES WILL REVERSE, AND HEAD UP our imported price inflation will show up soon our difficulty in attracting foreign capital will occur soon foreign selling of USTBond is TOTALLY TOTALLY overlooked
your Canadian stock market will benefit from a rising currency even as our US stock market descends lower
you miss the benefits, my man US Economy will enter a nasty second recession soon your Canadian economy will stagnate, but not go into recession if you do, it will not be anything like ours
if Canada does not depart from mimicking mindless US policy, you will walk down the same destructive path you must depart from our policy, save your currency, keep your rates slightly higher, and prosper
/ jim |