|
I voted "I don't know," mainly because there are several factors at play that make things uncertain...
The U.S. economy is slowing, the housing market there is shoddy, etc., which means their demand for our products will diminish. A stronger Canadian dollar will make things worse.
However, a strong dollar will help soften the blow if things get a little shaky politically or economically. It will be good to have some room to have the dollar value drop in the case of unfortunate unforeseen events.
Ideally, I think this is a result from a mixture of a somewhat solid Canadian economy and a sluggish, uncertain American economy. It will be interesting to see how this plays out, especially since our housing market is still a bit bizarre.
__________________
Knowing that death is certain and that the time of death is uncertain, what's the most important thing?
—Bhikkhuni Pema Chödrön
Humankind cannot bear very much reality.
—From "Burnt Norton," Four Quartets (1936), T. S. Eliot
|