Loonie Sinks After Dodge Calls Its Rise 'abnormal'

C`mon, David. Let`s not Dodge the truth here. The reality is, the US dollar is sinking like a stone. And really, I see nothing wrong with a high Canadian dollar. It gives us more purchasing power. It`s healthier for our economy than a '60 cent' dollar anyday. When the US dollar was higher than ours, all these economists did was praise it like it was God. ( It was their God, really.) When are we going to ditch this Avro-Arrow syndrome and start boasting about our strengths and celebrating our assets?

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Dave Ruston

Canada's economy is closely tied to the US. If the Canadian dollar rose against the euro to "any extent", it would be because of the American dollar. Canadians flooding south to spend their money, doesn't make Canada's economy that much better. It seems to be an odd sydrome that Canadians spend their money south when the dollar is week and spends even more down south when the dollar is at par. The market in Canada suffers and that can't be good for the economy.

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Expect little from life and get more from it.

week = weak ooops!

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Expect little from life and get more from it.

"Canadians spend their money south when the dollar is week and spends even more down south when the dollar is at par."

The quality of goods in the US is better than in Canada, and there's much more selection. Even at par, items sell for less in the US (and better quality). As we can see, even with a high dollar (relative to MOST currencies not just the US$), Canadian's STILL have higher prices to deal with than elsewhere.

I can certainly understand why Canadian's buy down south, it's done to avoid getting ripped off here at home.

Perhaps it's just me but I can't think of anything I need to buy right now. Just because something costs less certainly doesn't strike me as needed. To get a passport just to go shopping at a Kmart in the USA, just isn't deemed important enough. I don't live near the border now and when I did, I still found nothing requiring me to go south for it. People do realize there is a limit that customs will allow.

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Expect little from life and get more from it.

Your right, other than for something really expensive where the savings were significant enough to bother, and the location of purchase did not matter for warranty and servicing, and if I could stomach traveling to a fascist country, perhaps then I'd buy in the USA. So who in the hell is buying what over there that it's become such a big deal?

"The quality of goods in the US is better than in Canada, and there's much more selection."

With 10 times the population, you're right about the selection. As for the quality of goods, this is a subjective comment that it unsubstantiated. The fact is that the overwhelming majority of goods in both Canada and the US are made in asia. We get the same goods as they do, just fewer of them because there's fewer of us. Certainly not a quality difference.

RicoAB.

"As for the quality of goods, this is a subjective comment that it unsubstantiated."

I got that from speaking with people who have shopped in the US. Go ask around, perhaps other shoppers have something different to say.

"The fact is that the overwhelming majority of goods in both Canada and the US are made in asia."

Sure, it's all the same junk made by impoverished slaves, but we get mostly the second and third pickings depending on where you live.