P-P-P-PARITY
Well, good thing I didn’t book my trip to the US in the hopes that the opposite of this would happen, I guess.
All the other currencies from rich countries that basically depend on digging stuff up or cutting stuff down and shipping it out (eg the Australian dollar, the NZ dollar, the Norwegian krone) are doing really well right now. The Canadian dollar isn’t, because all it’s basically used for (outside Canada) is to let Americans buy things (eg crude oil, unprocessed logs, bulk wheat), and right now investors are really dubious of the Americans’ ability to continue to buy things (because everyone thinks they’re heading for a recession).
So that’s hugely suboptimal. Unless you’re an American in Canada I guess.
(via jakke)
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blaaargh said: :( sorry bud
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