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Will Canadian $$ hits 1 to 1 US currency in 2007?
Milo ( Score Rank: #88 based on predictions in the last 30 days ) Milo  |  was scored on 24-Sep-2007 (385 days ago)
Canadian $$ keep rising like crazy this year. It's now getting close to 0.96 USD. Many bankers predicted Canadian $$ can hit 1 USD this year. Do you think so?
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Comments (9)
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  1. Tony Tony 388 days ago
    0 vote This is Good This is Bad
    Canada just got its inflation under control. I don't think it will lower interest rate any time soon. You guys have any thought into this?
    [ reply ]
  2. Milo Milo 388 days ago
    0 vote This is Good This is Bad
    Woooo ... that comes a bit earlier than I expect .... humm I guess the Canada bank need to do something .. cut interest rate ???
    [ reply ]
  3. Tony Tony 388 days ago
    0 vote This is Good This is Bad
    Big news, Canadian dollars just reached parity with USD! Good new for Canadian shoppers!
    http://www.x-rates.com/d/USD/CAD/grap...

    We need to close this topic.
    [ reply ]
  4. Tony Tony 390 days ago
    0 vote This is Good This is Bad
    US just lowered the Fed rate to 4.75%. I expect this will reduce the demand for USD, and as the result, Canadian dollars will more likely to go up. Good for the Canadians shoppers. BAD for the Canadian forest industry.
    [ reply ]
  5. RagingFury RagingFury 410 days ago
    + 1 vote This is Good This is Bad
    Dollar parity is a pipe dream dudes. When commodity prices fall (and it will eventually), so do the Canadian Dollar.
    [ reply ]
    1. Tony Tony 409 days ago
      0 vote This is Good This is Bad
      But what will cause a drop in commodity price?
       
  6. Tony Tony 410 days ago
    0 vote This is Good This is Bad
    CAD is $1.0570 to a dollar of USD. It is getting really close.
    [ reply ]
  7. Tony Tony 424 days ago
    0 vote This is Good This is Bad
    If CAD and USD will go 1:1, there will be lots of happy Canadian Ebay shoppers and happy US sellers. btw, the CAD is getting stronger again today. So, there is still hope before Christmas, for Canadians shoppers.
    http://www.canada.com/nationalpost/fi...
    [ reply ]
  8. Milo Milo 424 days ago
    0 vote This is Good This is Bad
    The currency has dropped a bit.... humm....
    [ reply ]
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