The decreasing American dollar is a double-edged sword for foreign countries. The Canadian dollar is nearly 84 cents US now, while a few weeks ago when we finally hit 80 cents, analysts were predicting that it would be at least 2 years before we got to 85. Now they're saying it could be by the new year.
On one hand, our own imports from you are cheaper (although there still hasn't been a price decrease in stores because merchants are greedy bastards
), but our exports cost more on your side.
Still, you don't have enough resources to supply yourselves, so you have no choice but to buy from us. Your trade deficit will continue to increase, our trade surplus will continue to grow, and the general consensus is that any economic hardships that we encounter from a rising dollar can be weathered without much hassle. Afterall, it's bad to base your entire economy on the fact that your dollar sucks so much compared to someone else's.
Hybrid Mode
