Post by
liljohnnyjoke on Jan 08, 2025 5:09pm
CAN$ and US$ at par?
If we become the 51st state does our Canadian peso automatically jump to par with US dollar adding about 40% net worth to whatever you have in Can$ at the time?
Comment by
roadrunners on Jan 08, 2025 5:16pm
in tarriff or trade war Canadian dollar can was or weaken 60 cents to the USD..a 25% would be economic disaster for Canada where 70% of all exports are to the USD...you be force to join the US the economics is too dire with any tarriffs. gov't deficits of 200 billion if Canada keeps it's social programs.
Comment by
quesea on Jan 08, 2025 8:04pm
Ah yes, so simple. Your savings will lose 1/3, your wages will be 2/3, ......etc. Ain't nothing under that rainbow friend.
Comment by
quesea on Jan 08, 2025 8:08pm
AND just imagine if it becomes a forced takeover & the Trump Administration decides that it's a 2 cent conversion rate!!!!!!!!!!
Comment by
quesea on Jan 08, 2025 8:11pm
Kinda what happened to Germany when they lost WWI & worse when they lost WWII. There are precedents from world history. I'm sure the confederate $ went to ZERO.
Comment by
quesea on Jan 08, 2025 9:51pm
Perhaps this explains the rapid Canadian $ Dollar drop. The big money is getting out, or at least shorting the Canadian $ Dollar.