babble home
rabble.ca - news for the rest of us
today's active topics

Topic Closed  Topic Closed


Post New Topic  
Topic Closed  Topic Closed
FAQ | Forum Home
  next oldest topic   next newest topic
» babble   » walking the talk   » labour and consumption   » Loonie at 30 year high

Email this thread to someone!    
Author Topic: Loonie at 30 year high
Michelle
Moderator
Babbler # 560

posted 20 May 2007 03:13 AM      Profile for Michelle   Author's Homepage     Send New Private Message      Edit/Delete Post
Now's the time to travel in the US if you're so inclined. Not so great for Canadian manufacturing, though.

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  |  IP: Logged
bruce_the_vii
rabble-rouser
Babbler # 13710

posted 20 May 2007 03:49 AM      Profile for bruce_the_vii     Send New Private Message      Edit/Delete Post
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  |  IP: Logged
Albireo
rabble-rouser
Babbler # 3052

posted 20 May 2007 10:37 AM      Profile for Albireo     Send New Private Message      Edit/Delete Post
Being discussed already... sort of....
From: --> . <-- | Registered: Sep 2002  |  IP: Logged

All times are Pacific Time  

Post New Topic  
Topic Closed  Topic Closed
Open Topic    Move Topic    Delete Topic next oldest topic   next newest topic
Hop To:

Contact Us | rabble.ca | Policy Statement

Copyright 2001-2008 rabble.ca