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Dollar still going up???

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  • bucket
    Senior Member
    • Jan 2008
    • 17032

    Dollar still going up???

    Canada will be a trillion plus in the hole when the smoke clears from the budget ...why is the canadian dollar rising and why are fuel prices still moving up...

    What is the excuse this time for higher prices on imports or things priced on USD?

    Does it makes sense for Canada to borrow itself into oblivion?
  • jazz
    Senior Member
    • Jul 2018
    • 9308

    #2
    If the CDN peso is still linked to oil, then a short term rise might still be in the cards, but we dont want oil anymore and we want big debts. So it will be eventually devalued hard like all others. It has to be to drive inflation.

    Comment

    • Robertbarlage
      Senior Member
      • Feb 2014
      • 1242

      #3
      Going up because of biden

      Comment

      • biglentil
        Senior Member
        • Jun 2015
        • 3277

        #4
        The derivatives market is a tool to manipulate and manage prices, free markets are an illusion. Nothing surprises me anymore.
        Last edited by biglentil; Apr 19, 2021, 07:51.

        Comment

        • Sodbuster
          Senior Member
          • Mar 2017
          • 1132

          #5
          The dollar is trying to figure out which country has the biggest fool.

          Comment

          • checking
            Senior Member
            • Feb 2008
            • 2392

            #6
            The Cnd might just as well go up for farmers since the grain trade won't offer you much for the FX. A dollar and less on $15.00.

            Comment

            • farming101
              Senior Member
              • Mar 2011
              • 3955

              #7
              81 cents today. 3 year highs recently.

              Comment

              • Austrian Economics
                Senior Member
                • Feb 2020
                • 365

                #8
                In the race to the bottom, periodically we get behind. When you're as used to being the leader in that race as we are, it's tough to get your head around that.

                Comment

                • jazz
                  Senior Member
                  • Jul 2018
                  • 9308

                  #9
                  US buck one step closer to losing reserve status under Bejing Biden. He has another $2T lined up to pass next month on behalf of the children. CG tax increase plus corp tax increase. The man of unity. Hope Wall Street and all those woke celebs enjoy it.

                  Comment

                  • canolacrazy
                    Senior Member
                    • Dec 2014
                    • 133

                    #10
                    I'm sure the answer has to be because we have such a great prime minister and finance minister.

                    Comment

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