Low value currency

[Inactive]

I hate the Canadian currency. It dropped to 73 cents US for 1 Canadian dollar. $140 something to send $100 US to Somalia today. It was $1 for $1 last year.

We need a North American currency. This extreme fluctuation is very annoying.

Useless currency

 

[Tokio]

£1=$1.52 so £66=$100.49

get rekt siilaanyolaugh

 

[Inactive]

True but you have smaller salaries and everything there is way more expensive than over here.

Gaacho. 300 pounds a week for a bathroom sized bachelors apartment in the slums of Norf Weezy. Your few pounds left over is for ASDA and Oyster card. Average British person is barely surviving.

siilaanyolaugh

 

[Apollo]

@AbdiJohnson

Canada has a banana republic-like economy since it is so dependent on petroleum and other raw materials. Hence, your currency will fluctuate with commodity prices like a banana republic currency.

 

[afrosomali]

Gaacho.

Si

 

[Inactive]

@AbdiJohnson

Canada has a banana republic-like economy since it is so dependent on petroleum and other raw materials. Hence, your currency will fluctuate with commodity prices like a banana republic currency.

The economy is not dependent on O&G. This is a myth. It contributes to less than 10% of the country's GDP. But the currency is dependent in the industry.

 

[Apollo]

The economy is not dependent on O&G. This is a myth. It contributes to less than 10% of the country's GDP. But the currency is dependent in the industry.

You got to look at exports rather than the entire GDP. Canadian exports are heavily commodity based compared to other advanced economies (like Japan, Germany, the UK etc.).

 

[Inactive]

You got to look at exports rather than the entire GDP. Canadian exports are heavily commodity based compared to other advanced economies (like Japan, Germany, the UK etc.).

You're speaking to an economist; I know this.



I guess I got to live with this. Going back to pre 2005.

Our currency is at par with the AUS dollar.

 

[Neo-Nidar]

True but you have smaller salaries and everything there is way more expensive than over here.

Gaacho. 300 pounds a week for a bathroom sized bachelors apartment in the slums of Norf Weezy. Your few pounds left over is for ASDA and Oyster card. Average British person is barely surviving.

siilaanyolaugh

If you go to 'Brummy' , everything is pretty cheap there where a flat costs £30 a week and Morrisons is way cheaper there!