Loonie Flashback

Published: November 7, 2007, 7:13 am

Tags: thomas d aquino, deep integration, u s economy, spp, dollar, north american union, continetalism, trilateral commission, technocracy, loonie, tilma, security and prosperity partnership

Guess they aren't too eager to adopt a blended currency now. Even though the Canadian business class has spent the past two elections and last six years promoting an integrated North American economy.YesterdayDecember 3, 2001 - The loonie's days may be numbered. Earlier this month a poll revealed more than half of Canadian business leaders think Canada should consider adopting the U.S. dollar. Conducted just after the Canadian dollar hit a record low of 62.30 U.S. on Nov. 9, the poll also showed that, even if Canada doesn't adopt the greenback, many companies will increasingly set prices for big-ticket items in U.S. dollars.TodayThe commodity boom, and the price of oil in particular, is what's been driving the Canadian dollar to an all-time high. If you did two lines on a chart, tracing the price of oil and the value of the loonie this year alone, you would find they track very closely together. After bottoming out at around $52 at the beginning of the year, the price of oil has

[ Full article ]

Blog link

Rating: 0

Comments