by 
Vexxation
ANSWERS: 9
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Doom anyway. Once the dollar has (and it has) lost its place as the prime, preferred global monetary unit, we might as well go with the Euro.
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Yup, time to sing the doom song:
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Well the Loonie went up and has come down since you wrote this Q. But if I were you I'd buy some gold--say Krugerrands -- and stick them in your closet or somewhere safe. It looks like a future of inflation to me....Sept 10, 2008.
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The Loonie is at par with the dollar because of the huge amounts of currency the USA has borrowed from the Federal Reserve System thus inflating the US dollar due to the wars that Bush had put the USA into. This is planned to bring in the Amero-dollar to make a common currency between the USA, Canada and Mexico to satisfy more of the requirements of NAFTA. This will happen soon within a couple of years maybe.
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It happened before. I remember being in Montreal in the 1970s (the Mounties were then blowing up mailboxes and blaming it on the French Separatists). The Canadian Dollar was at about $1.05 US. It didn't last long, and I suppose that eventually the currencies will float to their usual levels--after the Voodoo Economists of this Administration are gone.
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No. Don't forget that Canada is also a wealthy and industrialized country, just like the United States.
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Actually, the Canadian dollar has fallen significantly against the US dollar in the last week. Right now, it's about 92.5 cents. This is primarily due to falling oil and commodity prices. As a Canadian with an American wife who still lives in the US, this is a bit painful for me as I pay her bills.
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Only if we keep printing like there is no tommorrow.
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i would like to see Canada become a super power! yay for aye!
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