BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Loonie at par with dollar: What's a Canadian to do? Buy in the States]]>http://www.bloggingstocks.com/2007/09/21/loonie-at-par-with-dollar-whats-a-canadian-to-do-buy-in-the-states/http://www.bloggingstocks.com/2007/09/21/loonie-at-par-with-dollar-whats-a-canadian-to-do-buy-in-the-states/http://www.bloggingstocks.com/2007/09/21/loonie-at-par-with-dollar-whats-a-canadian-to-do-buy-in-the-states/#commentsFiled under: , ,

Believe it or not, but "cheers erupted on the foreign exchange desk at Scotia Capital" yesterday when the loonie (that's what us Canadians call our dollar) first traded at parity with the U.S. dollar -- for the first time in 31 years. I'm sure the scene was similar in other banks across Canada. As is almost usual, though, the Americans beat us to it as they are the ones who actually did the trade, specifically Citigroup's New York currency desk. Oh, well.

The Canadian dollar hit its historic low of 61.79 cents (U.S.) on Jan. 21, 2002, but has gained more than 16% this year and almost 8% since mid-August alone. The True North is indeed strong. But is this good for Canada? For the U.S.? Canadian exporters are no doubt suffering, American ones will be doing better following the fall of the U.S. dollar. Tourism will likely improve in the U.S., but suffer in Canada. And consumers? Canadian consumers aren't happy, but I'm sure U.S. outlet malls along the Canadian border are quite happy. It used to be the other way around.

Continue reading Loonie at par with dollar: What's a Canadian to do? Buy in the States

Loonie at par with dollar: What's a Canadian to do? Buy in the States originally appeared on BloggingStocks on Fri, 21 Sep 2007 12:52:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>CADcanadian dollarCanadianDollarexchange rateExchangeRatefeaturedloonieparityUS dollarUSDUsDollarFri, 21 Sep 2007 12:52:00 EST<![CDATA[Rich in America (in Canada and Mexico too): A penny for your thoughts]]>http://www.bloggingstocks.com/2007/04/14/rich-in-america-in-canada-and-mexico-too-a-penny-for-your-tho/http://www.bloggingstocks.com/2007/04/14/rich-in-america-in-canada-and-mexico-too-a-penny-for-your-tho/http://www.bloggingstocks.com/2007/04/14/rich-in-america-in-canada-and-mexico-too-a-penny-for-your-tho/#commentsFiled under: ,

Many people like to dream up ways to get rich quick. Many people dream about inventing great things that could make them wealthy in a hurry. I often think about money also, but just in case you haven't figured it out yet, please be warned that I have some unconventional ways of thinking.

The money question I wish to place before you today is a concept which I have never gotten a decent answer to. When I pose this question I get blank looks, shrugged shoulders, an occasional sneer, and most often a good hearty "who cares!" Be that as it may, I place my query here for you today in the hope that I might get at least one good answer. Here's the question:

What would be the immediate and long-term economic effects if the United States, Canada, and Mexico were to equalize their currencies and maintain a neutral currency exchange rate?

There, now that's not such a stupid question is it? I'm sure that the question has already been fully addressed in other forums and I would very much welcome any links that readers could provide to appropriate discussions of this concept. I welcome any and all answers. Thanks in advance for your time.

Rich in America (in Canada and Mexico too): A penny for your thoughts originally appeared on BloggingStocks on Sat, 14 Apr 2007 14:10:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Canadacurrency exchange rateCurrencyExchangeRatedollarsexchange rateExchangeRateget richget wealthyGetRichGetWealthyinventionMexicomoneymoney marketMoneyMarketpesosUnited StatesUnitedStateswealthSat, 14 Apr 2007 14:10:00 EST