Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (38206)	9/14/2003 9:28:55 PM
From: philv	Read Replies (1) of 74559

Hello Jay. Re: Holding CAD. Looking at the CAD from the inside, I get a different perspective. Of Canada's total exports, nearly 80% goes to the US. Even for the United States, the Canadian cross border trade exceeds all of Europe, far greater than trade from China, or Japan. Mexico is actually 2nd, but one half of Canada's trade. census.gov In Canada we have a saying that if the US sneezes, Canada catches a cold. What this means, if the US is having a small economic problem, Canada will have an even larger one, due to the disproportionate trade balance. US exports to Canada is only about 15% of their total. North American Free Trade Association (NAFTA) has bound the continent even closer in north south trade. The US can hurt Canada economically inadvertently or purposely such as tarrifs on lumber etc. and Canada cannot fight back without inflicting even greater damage on itself. Just some facts to ponder re: value of CAD if the US begins to suffer economically.

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