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Hey Guys Canadaian Dollar verus USA dollar?
Posted by admin on November 26th, 2009 filed in Gold against Oil
Hey Guys
Can some body will tell me where the canadian dollar will stand in coming days against US dollar as gold is getting higher everyday and oil is just fluctuating near US$ 78-79 per barral. Is this rise in C$ is due to US dollar is going down or Gold is going up?
The dollar is dropping because of fear of inflation in the U.S. The fear is probably unfounded as we haven’t spent more than 15% of the stimulus bill. The Canadian $ is always much less than the U.S. dollar as they have a socialistic economic system (for the most part).
November 26th, 2009 at 1:45 am
The dollar is dropping because of fear of inflation in the U.S. The fear is probably unfounded as we haven’t spent more than 15% of the stimulus bill. The Canadian $ is always much less than the U.S. dollar as they have a socialistic economic system (for the most part).
References :
M.A. Economics 1968