It’s the Canadian dollar hitting near 6 month high, when you’re about to buy your first house in Canada and get paid in US dollars.
“And isn’t it ironic…don’t you think”
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Steve Bett & Saundspel , The Phonology Forum
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4 Comments
Same here. The Euro keeps climbing against the US Dollar. It’s causing a lot of pain for all sorts of exporters, and has to be making life more expensive in the States..
I am an exporter and I know that I have to watch the Can$ all the time against the US. Being in agriculture, I can give you this example. The Canadian dollar going from .63 to .91 against the US lost producers more money than BSE lost them. Most never look at it and think it is irrelavant, but when you are the US market adjusted for currency, you have to watch it! The dollar and hedging it can make or break you!
On an unrelated note, could you put in a checkbox for the OpenID as I still can’t get it to work Lloyd with my mapped domain!
I have always known that the Canadian $, US, and other currencies have some fluctuation, but only now do I appreciate how volatile currencies really are. This has been an eye opener for me, and I now appreciate why people are interested in having currency values reported on the news every night.
It is only now clear to me that people gamble currency like everything else. And I will now more carefully considering the dollar relationship in foreign investments.
Currency fluctuations have totally killed some businesses and helped others. Al the big cap multinationals are raking it in selling stuff overseas. But the other way kills.