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Originally Posted by willravel
I was under the impression that the economy gets bad when the Canadian Dollar is worth more than the USD when the Canadian Dollar hasn't really changed in worth for a while.
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I really wonder why the hell the dollar has to be worth more than any other currency in the world. A weak dollar means we will be importing less (foreign goods cost more) and exporting more (our stuff if cheaper).
Haven't the people in charge been screaming about the loss of manufacturing (or any) jobs to overseas competitors? I say let the dollar continue its slide and maybe our goods will be competitive with the Chinese crap soon enough.
The only person I can see being hurt by a weak dollar are people mailing money overseas to support relatives and currency traders.