New Found Gold Corp V.NFG

Canadian Dollar POG

[nozzpack]

The USD has been strengthening since late September relative to the CAD.
It has lost a whopping 3 cents during that short period .
The prospects of MAGA now being seen in reality....and rightly so...is the main reason.

Whether this is a sustained trend remains to be seen as the US debt can never be repaid while stealth printing continues to prevent bank failures while boosting the US debt.

However, getting back to my main point, we now get 1.4 cad for every USD.

That is up from 1.34 cad just a month ago.

Gold is transacted in USD.

That is, the rise of the USD and consequent decline in POG has been partially compensated by a weaker CAD.

So, when gold is now sold, Canadian companies will receive 1.4 cad dollars versus 1.34 cad dollars a month ago.

This am , POG is still above $3600 CAD.

[Dixiedee]

The declining C$ is a double edge sword it increases inflation in Canada most equipment and goods we import and sell are priced in US$ and then converted to C$ so any equipment any parts these mines need will be more expensive so costs will be higher in Canada but for producing mines that don't need to replace machinery and equipment or expand they will feel the benefits of a lower C$  I