quote:The loonie touched 91.85 cents (U.S.) on Friday after a much stronger-than-expected report on retail sales. The dollar closed the day slightly lower, at 91.79 cents.
The last time the loonie was this strong was Oct. 11, 1977.
A stronger loonie is welcome news for travellers heading south and a vote of confidence in Canada's economy. It spells more pain, however, for Canadian factories because it makes their goods more expensive when sold abroad. Manufacturers have cut 89,400 jobs over the past year.
From: I've got a fever, and the only prescription is more cowbell. | Registered: May 2001
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bruce_the_vii
rabble-rouser
Babbler # 13710
posted 20 May 2007 03:49 AM
Lots of people think that manufacturing jobs are the bell weather of the economy because they are generally trade items. In fact the economy has kept growing even as manufacturing took a hit. The more important statistic is the jobs created per month figure, which has been moving along in recently.
From: Toronto | Registered: Dec 2006
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Albireo
rabble-rouser
Babbler # 3052
posted 20 May 2007 10:37 AM
Being discussed already... sort of....
From: --> . <-- | Registered: Sep 2002
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