Originally posted by uzless
The Canadian Dollar will rise above the US dollar before the end of 2009.
Commodity markets are improving, Oil prices are increasing, Oil Sands mergers will increase providing more transactional demand for Canadian dollars, and a general decline in the value of the US dollar from a massive dollar supply increase over the past year.
Anyone care to disagree?
EDIT: Canadian dollar was valued at 80 cents last week.
The Canadian Dollar passed the US dollar for a ahort time last year.
I wouldn't bet on it maintaining a higher rate than the USD in the short term. In the long term, when the US economy recovers and all these extra trillions of stimulus dollars are floating around, I suspect we'll see massive inflation. The ones who will really suffer are the ones holding the lion's share of the treasury notes; i.e, the Chinese.
But, in any case, who care which dollar is worth more? It's just an arbitrary figure. The key is which direction the relative values fluctuate, not which piece of paper is worth more in a vacuum.