Quote:
Originally Posted by Road Runner
Anyways, Canada's rising dollar has from what I understand has been the result of the American economy showing signs of weakness (ie; the current subprime mortgage fiasco) and simple slowed growth following the dot com crisis.
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I have to disagree with both of those reasons. They're blimps and not causes of the trend.
The CDN dollar had been stronger against the US dollar well before subprime mortgages had any negative effect on the market. The Dot-com bust was in the late 90's and the economy has more than recovered.
I'd place the blame on the printing presses at the US mint.