The Globe & Mail has some decent coverage of the recent surge in the Canadian dollar against the U.S> Greenback, but it’s missing something important: the Canadian dollar isn’t necessarily gaining ground against the US dollar; rather, the US dollar is tanking against oil, as Dean Baker points out.
The author of the G&M article is Tavia Grant, another economic journalist I have a bone to pick with over how economic issues are covered in Canada.
Will we see parity before Christmas? Probably.
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islandgrovepress 09.20.07 at 8:07 pm
I haven’t read the Globe article, but is it possible that the U.S. dollar will now leave the stage as boss currency?
This is kind of scary.
Shades of l929!
My publisher has already dived out of his basement window.