The Canadian currency last closed above $1 on Nov. 25, 1976

[bloomz]

Canadian Dollar Trades Equal to U.S. for First Time Since 1976

By Haris Anwar and Theophilos Argitis

Sept. 20 (Bloomberg) -- Canada's dollar traded equal to the U.S. currency for the first time in three decades, capping a five-year run on the back of booming demand for the nation's commodities.

The Canadian dollar rose as high as $1.0008, before retreating to 99.87 U.S. cents at 4:16 p.m. in New York. It has soared 62 percent from a record low of 61.76 U.S. cents in 2002. The U.S. dollar fell as low as 99.93 Canadian cents today. The Canadian currency last closed above $1 on Nov. 25, 1976, when Pierre Trudeau was Canada's prime minister.

. . . . .

Dollar Falls to Record Low Against Euro as U.S. Growth Falters

By Anchalee Worrachate and Stanley White
Enlarge Image/Details

Sept. 24 (Bloomberg) -- The dollar fell to a record low against the euro and declined versus the yen on speculation economic reports will show U.S. growth is losing momentum, adding to pressure on the Federal Reserve to cut interest rates again.

The U.S. dollar weakened against 13 of the 16 most-active currencies before data tomorrow that will show the lowest existing home sales in five years and the weakest household confidence in more than a year, according to Bloomberg News surveys. It also dropped to a 15-year low against a basket of six of its major peers.

``The U.S. economic outlook argues for further weakness in the dollar,'' said Ian Stannard, senior currency strategy at BNP Paribas SA in London. ``We expect the U.S. economy to slow quite rapidly over the course of the next few quarters. That will lead to further rate cuts.''

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The new strategy to enhance the economy, keep the Americans at home, have the tourists from other nations come to spend their currency here since it has more value, and increase our exports because our products will now be cheaper to buy overseas.

Under the present leadership we are seeing the U. S. Dollar continue to lose value in the world economy.

U. S. investors are moving their monies to offshore investments and foreign ownership of U. S. properties continue to rise.

. . . . . hang onto your hats. . . . . the ride is going to get bumpy. . . . .

:usflag:

 

[BOSS]

. . . . . hang onto your hats. . . . . the ride is going to get bumpy. . . . .

:usflag:

You got that right.........and I just got a new hat too!

 

[Kristine]

and now with GM on strike...... LOOK OUT!

 

[Mikey the Flower Guy]

we've all been warned time, and time again, that the US DOLLAR would no longer hold the prestigious position of the world currency of choice, and that either the Euro, or the Yen, would replace it, as the modified standard.
Bush, and his cronies have been printing US Fed reserve notes, for some time now, and "flooded" the world equity markets, for the last time!!
The Fed "knows" this, and has taken the pre-emptive action, to recover some of it's global "hard reserves" by buying them back with cheaper money, than it was "loaned out" at, and the US war efforts, have been very costly.
Productivity in the US has been falling steadily for the last 15 years, and now, it's reached a point, where there will NO LONGER be long term "employment" in highly paid strategies, that can be offset by demand for US products, services, and skilled workers/thinkers.
I'd say....the US has 4 years to either re-adapt itself, or face a 30% decline in the US Dollar against the world's trading nations

 

[bloomz]

Well we can only hope for a radical change of the guard in another 15 months or so, maybe someone with some brains that will listen and pay attention?

That's a concept.

 

[Victoria]

And thank goodness the GM strike is over.

V

 

[Kristine]

And thank goodness the GM strike is over.

V

Amen to that!

 

[BamaE4U]

US Productivity ?

Productivity in the US has been falling steadily for the last 15 years

I don't claim to be any kind of expert. I read into things to slant my point of view the same as anyone else.
There are enough experts on both sides to sink the proverbial battleship.

But. . . . Believe what you might. . . it seems that the US productivity has only recently taken a dip, to a level that is still better than most nations.

I take somewhat of an interest in this because I am heavily involved with Automation and realize that the only way for us to compete in the world arena is to reduce the amount of labor intensive activities involved with the manufacturing of anything.
We are in the middle of the Automotive Capital of the South and while the plants may be foreign owned, the economy is affected positively due to jobs at the plants. More importantly, the second and third tier suppliers (many of which are US owned), have a much greater impact overall.

Shhhh. . . don't tell anyone, Alabama is the nations best kept secret. Beautiful countryside, friendly people, and ALABAMA FOOTBALL.