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10 comments

Comment from: Ron Mon [Member] Email
Yaah, no joke there. Courses in Niagara Falls North are offering "turn back the clock" specials to when the Canadian dollar looked up at its bigger brother. Folks on the South Side figure, why cross the hermeneutically-sealed border (thank you, homeland security) with all its issues, to pay the same freight and eat hamburgers and hot dogs loaded with fillers? Woe, Canada!!!
2007-07-17 @ 08:03
Comment from: Rick Montenegro [Visitor] Email
Yeah, it's hurting Canadians the most. That's brilliant!
2007-07-17 @ 13:05
Comment from: Ron Mon [Member] Email
Rich Black Mountain, please elaborate. What are you on about?
2007-07-17 @ 15:19
Comment from: Rick Montenegro [Visitor] Email
The value of the American dollar is down against the Canadian Dollar, Euro, British Pound, Japanese Yen, South Korean Won and only up against the Mexican Peso.

On the other hand the Canadian Dollar is UP against the American dollar, Euro, British Pound, Japanese Yen, South Korean Won and Mexican Peso.

So it's clearly that WE are down and THEY are up. Does anyone believe that a slight decline in tourism is hurting Canadians more than they are benefited by a strengthening Candian Dollar?

The change in value will lead to fewer Canadian exports to the US because it raises the cost of their goods. However, they are able to import from the US at a much better value.

Do we think for a minute that Canada is one of our great suppliers, or that we supply them with more goods.

Point being, the strenghtening of the Canadian dollar agains the American dollar so greatly outweighs the "travel golf" or tourism decline that it's absurd to feal sorry for Canada because they now enjoy a better exchange rated.

Side note: I was accidentally given a Canadian Quarter by my bank today after cashing a check. I was less irritated knowing that it was alomst worth as much as a US Quarter.
2007-07-17 @ 19:33
Comment from: Brandon Tucker [Member] Email
Hey Rick, CNBC is somewhere else and would love to hear your comment I'm sure.
2007-07-18 @ 01:12
Comment from: Chris Baldwin [Member] Email
Rick, it's a "golf blog." I'm really getting sick of your Paris Hilton-like tangents.

Focus my man, focus.

And Ron Mon, congrats. You're the first person in human history who's ever asked "Rick Montenegro" to expand on anything.

I see a possible roadshow with you two performing together for 10s of ones.

2007-07-18 @ 02:21
Comment from: Oui Oui Oui [Visitor] Email
Canada's domestic market is too small to sustain its own industries. The strong CDN dollar is hurting businesses even though it might benefit the consumers in the short term. Bank of Canada is looking at different options to help curb the rise.
2007-07-18 @ 06:43
Comment from: Rick Montenegro [Visitor] Email
Ok, you pray that the value of the Canadian dollar goes down. Genius.

Brandon, Ron Mon asked. Please try to pay attention.

Christina, you made a stupid remark and I pointed it out. You should be used to it by now. Don't pout. Just because Ron Mon has good articles and you're are like whimisical thoughts of a third grader who needs medications doesn't mean you need to lash out at everything he says. Even when they don't pertain to you.
2007-07-18 @ 07:45
Comment from: Brandon Tucker [Member] Email
Rick, then I give you props for actually being able to decipher what Ron Mon is talking about. I usually can't sort it out.
2007-07-18 @ 13:58
Comment from: BV [Visitor]
Since I never visit Canada or pay any attention to "real news" - I am very grateful that Chris revealed the sad state of the USD. I'm also profoundly grateful to Mr Montenegro for his most penetrating analysis of the current economic situation. Way to go, y'all!!! ;)
2007-07-18 @ 14:04

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