Tuesday, June 10, 2014

this is the right direction, but hovering around $.80-$.90 is kind of an everybody loses scenario, because it's not enough to bring jobs northwards but is enough to cause investors to lose money. it has to dip under $0.80 to have any kind of positive effect on job creation in canada.

http://www.theglobeandmail.com/report-on-business/top-business-stories/canadian-dollar-forecast-to-stick-below-90-through-end-of-next-year/article17692021/

my life has changed a lot since '06, when i saw the industry i worked in collapse due to parity. right now, i'm really better off with a good exchange rate, because i'm unemployed anyways and live near the border.

but getting the exchange rate down further would really help a lot of people in this country.