To: familyop
2 posted on
01/21/2005 6:32:34 PM PST by
maestro
To: maestro
ten to twelve years ago the canadian dollar was worth 90 cents then in order to have jobs the government let the dollar drop to 60 cents against the american dollar. they need the lower value to make movies, sell wood and gas but now they will have to compete on an equal footing. Plus Bush is going to let some timber get cut. Canada is going to have to get to work and not just their immigrants.
3 posted on
01/21/2005 6:59:31 PM PST by
q_an_a
To: maestro
I'm a staunch defender of free trade, but U.S. monetary policy and trade are on the cusp of colossal failure. This is beyond common currency market distortions and unharmonized tariff/trade schedules. Big trouble ahead, and you are correct, NAFTA bears some blame.
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