Where is the exchange rate going?
Aug 26th 2009 | 1:52 am
#1
Thread Starter
Forum Regular
Joined: Jan 2007
Posts: 147
From: Kanata, Ontario
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/
http://www.theglobeandmail.com/repor...rticle1264402/
Aug 26th 2009 | 9:56 am
#2
BE Forum Addict
Joined: Dec 2007
Posts: 2,092
From: Calgary
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?"
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?"
