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CDN Dollar: Is the leaping loonie good for Canada?

Today, the Canadian dollar surpassed $1.10US!

How is the high dollar affecting you, your family and business?

As a consumer its made a lot of things cheaper for me.

However if I look at my business its really hurting. The decline of the dollar has made it not worth my time to bid on jobs in the USA. When the USD was higher, I used to be able to cut my rates a bit to win the job and still be making more than I would for the same contract in Canada, thanks to the exchange rates.

For my family its similar... our US denominated investments are now worth less $. However if I keep focused on looking at the USD values, they're healthy and performing well.

All you that are enjoying the falling dollar You might ask yourselfs "Why is the U S putting pressure.,for years,on China to rise the yuan?" Y'all know how cunning we are!

It's good in that the country can take advantage of cheaper imports. Of course, that means that Canadian products are now more expensive internationally, and U.S. commodoties will be cheaper.

A rise and fall of currency, as long as it's gradual and stays within a certain range is never a particularly bad thing.

International economies rely on being able to predict exchange rates, so when an exchange rate shoots up significantly or bottoms out, it becomes "risky" and other countries hesitate to do business with you.

I'm doing all my christmas shopping on ebay.... I love it.. I'm in Edmonton Alberta and the boom is all around us!! there is tons of work... My hubby and I started our own home based buisness in April and we have already surpassed the 100k mark in less than a year... Bring on the Boom..

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