PARITY!!!
Although the Canadian Dollar "the loonie" is not quite at par or equal to the U.S. Dollar it is within striking distance. The last quote was at 98.6 cents US. So it isn't equal as of yet, but if you are going over to Canada anytime soon you are going to be getting less Canadian money than American when you to engage in the exchange transaction. The 5% juice or profit margin that the banks, casinos, traders use to make money their profit will put you "underwater."
So yea, "Helicopter Ben" may have cut rates to save the housing market but in the end he's going to do more damage then good in cutting rates today.
What is going to happen is the people with money are not going to park in the U.S. to get substandard returns with lower interest rates while having their principle getting gnawed at by a depreciating currency. They're going to go to Canada or Europe earn a better return on investment and gain with an ever increasing exchange rate on principle.
So now after 30 years of those red state ugly Americans ripping on the "Monopoly Money" guess what that $1 bill is only worth 0.98 cents in Canadian Funds! Not bad for a "Socialist" country, Eh?
and Whoa, when did I get to 200+ entries!?!
So yea, "Helicopter Ben" may have cut rates to save the housing market but in the end he's going to do more damage then good in cutting rates today.

What is going to happen is the people with money are not going to park in the U.S. to get substandard returns with lower interest rates while having their principle getting gnawed at by a depreciating currency. They're going to go to Canada or Europe earn a better return on investment and gain with an ever increasing exchange rate on principle.
So now after 30 years of those red state ugly Americans ripping on the "Monopoly Money" guess what that $1 bill is only worth 0.98 cents in Canadian Funds! Not bad for a "Socialist" country, Eh?
and Whoa, when did I get to 200+ entries!?!



