British Expats - Where is the exchange rate going?

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- - Where is the exchange rate going? (https://britishexpats.com/forum/canada-56/where-exchange-rate-going-627654/)

Madhouse

Aug 26th 2009 1:52 am

Where is the exchange rate going?

Promising news for those hoping to convert pounds to loonies later this year?

http://www.theglobeandmail.com/repor...rticle1264402/

triumphguy

Aug 26th 2009 9:56 am

Re: Where is the exchange rate going?

In large part the Canadian dollar is a petro-dollar and rises and falls in value alongside the price of oil.

There are other factors that come into play.

But an important question to consider is: "Which way are oil prices going, in the short, medium and long term?":confused:

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