Canadian Dollar - Martin and Stronach

literationliteration
in Off Topic Lounge
If you're playing poker in U.S. funds you may want to time a withdrawal soon.  Today I heard one economist predict the loonie will be worth 75 cents U.S. in the near term.  However this article is suggesting further erosion...

http://www.bloomberg.com/apps/news?pid=10000082&sid=a18Wg2u7v5CM&refer=canada

We should know more by Friday.  I never knew politics could be so interesting! ;)

Comments

  • tpfelttpfelt
    Correct me if I'm wrong, but isn't a falling Canadian dollar good for those of us with money in US funds? Doesn't it mean those US funds are worth more in Canadian dollars?
  • UnknownUnknown
    Yes a falling Cdn$ is helping our online accounts. For some it is adding hundreds a day :D Do not need to play poker anymore at this rate.
  • JeremyJeremy
    That's funny, just a few weeks ago The economists seemed to be leaning towards a loonie at par.

    "...Lies, damn lies, and statistics"
  • literationliteration
    tpfelt wrote:
    Correct me if I'm wrong, but isn't a falling Canadian dollar good for those of us with money in US funds?

    Yes but it might already be too late to cash in...

    http://www.xe.com/ucc/convert.cgi
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