Loonie reaches parity with U.S. dollar

Canoe ^ | September 20, 2007

[Squawk 8888]

Hmmm... Conservatives in charge here, Democrats controlling US Congress. Go figure.

[Squawk 8888]

(((.)))

[1rudeboy]

Go figure.

Figure what, exactly?

[what's up]

Meanwhile, Canadians are flocking across their southern border to spend $ in the US.

And American $ are staying here. :)

[Brilliant]

The anti-trade folks ought to be delighted. The price of imports just went up. The price of exports just went down.

It’s an automatic tariff mechanism, and it seems to be working.

[Red Badger]

Does that mean I can now spend all those Canadian coins I’ve collected over the years from Snowbirds coming to FL for the winter?.................

[Red Badger]

I wonder what this’ll do to the “Cheap Canadian Meds” crowd?..............

[fanfan]

[HIDEK6]

Go figure.

Figure what, exactly?

Do the math.

[wideawake]

While the Conservative Party is doing a decent job, I doubt they engineered the global commodities boom.

[what's up]

Well, if they’ve lost the slightest bit of impetus for Her Heinous’ socialized medicine plans, I’m happy.

[mewzilla]

Someone should tell the NYS Thruway people. Their booths still had signs up last I knew stating they discount Canadian change.

[1rudeboy]

Oh boy, that really helps. Bumping someone who knows about math.

[Billthedrill]

You fellas just come on down and spend lotsa money, eh?

[1rudeboy]

The anti-trade folks ought to be delighted.

"Anti-trade" vs. "pro-trade," with the pro-trade folks disappointed that exports will go up? That's so bad it's not even a strawman argument.

[Toddsterpatriot]

I guess he means a conservative government means a strong currency. If you ignore the European socialist governments and their strong currency.

[Holicheese]

Now all those canadian quarters that those bastards on the Mass Pike have been giving me over the years are actually worth something. Jokes on them...I think.

[Alberta's Child]

Actually, the collapse of the U.S. dollar can be laid almost entirely at the feet of the Bush administration. Waging costly wars overseas while at the same time allowing for massive increases in domestic spending is a recipe for disaster. The last time this happened, the U.S. had to endure the "stagflation" days of the 1970s before it could recover.

How ironic is it that George W. Bush may very well end up competing with Lyndon Johnson (another Texan, BTW) as the worst president of the post-WW2 era?

[UCFRoadWarrior]

Its not anti-trade....its globalist free trade that is the problem. It doesnt work.

Problem with the economic theories of dead economists is that so much of their theory is based on consumer spending...and not private investment in manufacturing and infrastructure.

Consumers do not print their own money...that money has to come from people willing to invest in things besides paper documents.

[brownsfan]

“How ironic is it that George W. Bush may very well end up competing with Lyndon Johnson (another Texan, BTW) as the worst president of the post-WW2 era?”

Point taken. But please, when mentioning the worst post WW2 presidents, do not forget Carter. I paid 14% interest on my first mortgage thanks to that dirtbag.