the Canadian Dollar and the Global Economy

The truth about our economy is that it is doing well. The truth about is that our dollar value is rising partly because of our economic strength and partly because of the down turn in the Americans’. The truth is also that the Americans' economy is on borrowed time to the world lenders. The truth is that the Canadian economy is tied very closely with the Americans' economy...we need to stop this roller coaster ride with them. It seems that if we do not then for us to benefit we need to support them by playing second instrument, and the time is running out before the Americans hey-day is over.

We need to diversify are markets. We need to have a more even spread between imports and exports. We need to expand are economic ties with European, Australian, and Asian markets. We need to focus on the European markets more than the Australian, and the Australian markets (including Japan and Russia) more than the Asian markets (including China, Taiwan, Vietnam, and the Koreas) primarily because of the political differences between the cultures and the instability of their economies.

We need to stop thinking that we can predict what will occur based on statistics based on the past twenty or so years when our dollar was at a similar height. The world economy was drastically different back than, then it is today: Cold War economies and alliances, the Common Wealth economics/markets, no European Union, etc.