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It depends on who you mean by "us." It isn't good for manufacturers because it's more difficult to export goods to the U.S. when the Canadian dollar is high compared to the U.S. dollar. As for importers, the opposite is true: now you can get more bang for your buck and make a higher profit. It's all relative.
To the average consumer, it means this: foreign goods might be less expensive for a while, but local producers might have to raise prices to make up for a lack of sales outside of the country. And cross-border shopping is now more attractive to us border dwellers.
The value of the dollar at any given time is usually neither "good" nor "bad," in a general sense; what's important is whether it is stable. It's difficult to adapt to something that changes too rapidly. That's what we have to watch out for.
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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
Last edited by Baraka_Guru; 10-16-2009 at 08:08 AM..
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