Drunk with power...er beer.
Join Date: May 2010
Location: Vancouver, BC, Canada
Mentioned: 8 Post(s)
Tagged: 0 Thread(s)
Quoted: 125 Post(s)
In Canada (or Kanada, as the rabid right likes to call us), we get a close-up-and-personal look at this two-sides issue all the time. Our dollar is not tied to the US buck in any financial way, but the exchange rate is a hot topic of conversation all the time. And when it goes up or down significantly because of (ferinstance) Bank of Canada policy changes, you get this huge wailing. If we're going up compared to the US$, it's bad and it'll destroy the economy because exports will suffer and jobs will be lost. if we're going down compared to the US$, it's bad and it'll destroy the economy because imports will be more expensive and jobs will be lost. You'd think we'd be right out of jobs by now, but no -- it's mostly just noise in the end.
Coffee is your friend. Everyone else is an acquaintance.