Cuivienen
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Good time for a unified currency, then. Amero, anyone?
The Canadian dollar
- Thread starter bob bobato
- Start date
Good time for a unified currency, then. Amero, anyone?
jeps
Arcadefire
$NA ?
I dont think canadians would buy it. We have a surplus and you have a deficit, meaning ours would go down. but who knows?
I dont think canadians would buy it. We have a surplus and you have a deficit, meaning ours would go down. but who knows?
It was a popular idea a few years ago. When the USD is strong against the CAD, it will be a popular idea gain. In the long run, it would be beneficial to both economies, but as some economists have pointed out, it would have to be done with the two were at near parity.
A NAD would have to work along the lines of the Euro. Each nation would be able to print theirown bills, but the two would be interchangeable -- ie, a 20 NAD bill with the Queen and Parliament and stuff on it would spent in the US just as it would in Canada.
Captain Planet
Environmentalist
Jobs lost to the rising dollar, especially in the manufacturing sector, have been replace and continue to be replaced with jobs in different sectors. The government will not interfere with the dollar. We are essentially divesting from the American economy.
Rhymes
Drive 4 25 is back
The government has already raised the interest rate to counter.
A raise of the CAD isn't a bad thing, but the speed with which its rising is pretty bad for the short to middle term economy for sure.
Bestbank Tiger
Deity
On the bright side, it'll be good for Canadian pro sports teams. In the past they were at a disadvantage because their income was in Canadian dollars and their salaries were in American dollars.
In a few months, that'll be the same thing.
Bestbank Tiger
Deity
Well, that would fit in with W's agenda to do away with our borders and create the CAFTA zone.
(I'll step back and enjoy the fireworks
)
Cuivienen
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Well, that would fit in with W's agenda to do away with our borders and create the CAFTA zone.
(I'll step back and enjoy the fireworks
I seem to recall that DR-CAFTA passed quite a long time ago. Useless legislation. Free trade doesn't help anyone when it's between nations of radically different economic standings.
@amadeus: The Amero is a historically proposed North American currency that intended to include Mexico as well. (It was part of talks over NAFTA, but there was too much opposition within the US. At the time the US enjoyed a dollar valued about double the Canadian dollar and far greater than the Mexican peso.) It makes more sense as a name since it would allow for the inclusion of other American nations in the future.
Lockesdonkey
Liberal Jihadist
1. Depreciation of the US$ looks to be the trend. Hopefully, this'll bump up US exports...
2. Forget the Amero (or North American dollar, "peso" is really just "dollar" in Spanish...sort of...they used to use the same symbol, anyway). We need a North American Union. Preferably with HQs in Detroit (Michigan, 11th province of Canada, desperately in need of an economic boost) and somewhere in Texas or California (we really don't care).
2. Forget the Amero (or North American dollar, "peso" is really just "dollar" in Spanish...sort of...they used to use the same symbol, anyway). We need a North American Union. Preferably with HQs in Detroit (Michigan, 11th province of Canada, desperately in need of an economic boost) and somewhere in Texas or California (we really don't care).
jeps
Arcadefire
NYC sure. Vermont (after bush won in 04 lots of people there WANTED to join Canada) would work too. Detroit, NO!
Also, Quebec would secede in a second. They think about leaving Canada, do you think they would want to join their hated American overlords? (Asbestos Strike/Silent Revolution onwards, hate for America is large in francophone quebec.)
Also, Quebec would secede in a second. They think about leaving Canada, do you think they would want to join their hated American overlords? (Asbestos Strike/Silent Revolution onwards, hate for America is large in francophone quebec.)
warpus
Sommerswerd asked me to change this
So what's going to happen to the "how much is that in real money?" joke whenever Canadian dollars are mentioned?
Mr. Dictator
A Chain-Smoking Fox
Really? I got a much warmer reception in Quebec bars when people realized I wasn't from Ontario but the States. I got bought drinks and the like.
Quebecois independence isn't about dislike for Canada or the US or anything. It's about protecting francophone culture in North America. I mean, if the 1995 vote had passed, the Canadian Dollar was still going to be the official currency of Quebec.
I think you're vastly over estimating the negative reaction in Quebec to a North American Dollar. NAFTA would be just as 'bad'
jeps
Arcadefire
The French rather enjoy their 'uniqueness' in culture. They wish to preserve it, and are the official second culture. They play off their independence to get money and things from the government to PREVENT it. NAU would mean that they are THIRD language group, as more spanish speakers, and third minority culture. THey would get less rights, and priveleges.
Pasi Nurminen
Deity
Please don't take this the wrong way, but if there were some kind of North American Union, I would make Osama bin Laden look like Mother Teresa. I know you would do the same if America was swallowed up by another country.
History_Buff
Deity
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Actually, it is a rather bad thing. Canada is an export economy by and large, and if we're selling our goods at even dollar value to Americans, we actually recieve less in payment for it.
Pasi Nurminen
Deity
Not true at all. The Canadian economy is largely resource based, so our dollar goes up in value when certain commodities (ie. oil) that we export to America do so as well, and they only go up when they're in greater demand. So no, we're receiving just as much if not more.
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