[Denny]

It was a bit surprising this past week to see the Canadian dollar go so high. Crude oil has been stable in a $60-$67 range for along time. Precious and base metals have been slipping as of late.

The Australian dollar has not exhibited this same lift, though both Australia and Canada are big in commodities.

Perhaps the currency trades are a leading indicator and a sign of higher commodity prices to come? Or couuld it be anticipated strength to come in the grains complex, which would not lift the Aussie dolalr now due to drought? But, you'd think with the U.S. being the dominant grains producer, that would help the US$.

Seems like a mystery developing.

[steam_cannon]

One contributing factor may be because Canada is printing less cash then the US.

Russia (M3): ---------- +49%
India (M3): ------------ +20.3%
China (M2): ----------- +17.2%
New Zealand (M3): -- +18%
Australia (M3): ------- +13%
Great Britain (M4): -- +13%
South Korea (M3): -- +11.3%
USA (M3): ------------- +12% (Est.)
Canada (M3): -------- +10%
Eurozone: ------------ +10%
Japan (M3): ----------- + 6%

"Why is everyone Printing"
http://www.peakoil.com/post464402.html

[Tyler_JC]

Canadian Economic Growth To Be Best In G7 In 2007: IMF

$this->bbcode_second_pass_quote('', '
')Canada's economy is poised to grow by 3.0 per cent next year, giving it the fastest growth among the G7 countries, the International Monetary Fund said Thursday in its semi-annual World Economic Outlook.

Canada's status as a major net exporter of energy will likely be enough to insulate it from the slowdowns that the IMF is forecasting for the U.S. and Europe.

[threadbear]

$this->bbcode_second_pass_quote('Gideon', '')$this->bbcode_second_pass_quote('', 'C')anada is [s]heavily reliant[/s] entirely dependent on the US Economy

[Gerben]

$this->bbcode_second_pass_quote('threadbear', 't')he US becomes indistinguishable from the poorest parts of Mexico.

[Tyler_JC]

$this->bbcode_second_pass_quote('threadbear', '')$this->bbcode_second_pass_quote('Gideon', '')$this->bbcode_second_pass_quote('', 'C')anada is [s]heavily reliant[/s] entirely dependent on the US Economy

[threadbear]

$this->bbcode_second_pass_quote('Gerben', '')$this->bbcode_second_pass_quote('threadbear', 't')he US becomes indistinguishable from the poorest parts of Mexico.

[thuja]

Soon one Canadian dollar will equal one US dollar...

Why- that's unamerican!!

[JohnFarson1973]

$this->bbcode_second_pass_quote('Gideon', '')$this->bbcode_second_pass_quote('', 'C')anada is [s]heavily reliant[/s] entirely dependent on the US Economy

[BastardSquad]

$this->bbcode_second_pass_quote('JohnFarson1973', '')$this->bbcode_second_pass_quote('Gideon', '')$this->bbcode_second_pass_quote('', 'C')anada is [s]heavily reliant[/s] entirely dependent on the US Economy

[Declan]

$this->bbcode_second_pass_quote('BastardSquad', '')$this->bbcode_second_pass_quote('JohnFarson1973', '')$this->bbcode_second_pass_quote('Gideon', '')$this->bbcode_second_pass_quote('', 'C')anada is [s]heavily reliant[/s] entirely dependent on the US Economy

[Denny]

$this->bbcode_second_pass_quote('BastardSquad', 'H')mmmmmm,sounds to me likeCanada [s] might be[/s] is definately stockpiling wmd's!

[MrBill]

As amusing as it is to have Canucks dissing Yanks here, please say something related to depletion economics - like oil & gas producers and exporters of mines & minerals have strong currencies - or something, so that I will not have to move this thread to OPEN discussions. Thanks.

[I_Like_Plants]

$this->bbcode_second_pass_quote('threadbear', '
')Nope. The US's disgraceful approach to Nafta, which boils down to implementing agreements that it finds useful, and ignoring those it feels may hurt it, has forced Canada to find other international markets for it's wood and wheat, etc... We are still reliant on the US and the economic collapse you are facing in the future will be devastating to us, but we will survive and make do while the US becomes indistinguishable from the poorest parts of Mexico.

[Newsseeker]

Canada and the US are like Chip and Dale, Sonny and Cher, Burt and Lonni, it's impossible to imagine them without each other.

[strider3700]

The fact that our economy is doing so well up here could lead to issues down the road. If the $ stays high or gets much higher the manufacturing sector back east will be hurt so the central bank will want to lower rates and devalue the dollar. This will help along the realestate feeding frenzy that we've currently got going on and long term you just have to look at the states to see where that leads.

At the movies on sunday they had a commercial for 100% mortgages for those people that have nothing but want to buy a house. I don't know if these are technically new up here but it's the first time I've ever seen a commercial for one.

I'm pretty sure our economy is just lagging the states by a year or two.

[Denny]

$this->bbcode_second_pass_quote('Newsseeker', 'C')anada and the US are like Chip and Dale, Sonny and Cher, Burt and Lonni, it's impossible to imagine them without each other.