{"id":4605,"date":"2007-09-20T09:19:19","date_gmt":"2007-09-20T09:19:19","guid":{"rendered":"http:\/\/www.patheos.com\/blogs\/drishtikone\/2007\/09\/crashing-dollar-us-becoming-canadas-mexico\/"},"modified":"2007-09-20T09:19:19","modified_gmt":"2007-09-20T09:19:19","slug":"crashing-dollar-us-becoming-canadas-mexico","status":"publish","type":"post","link":"https:\/\/www.patheos.com\/blogs\/drishtikone\/2007\/09\/crashing-dollar-us-becoming-canadas-mexico\/","title":{"rendered":"Crashing Dollar: Is US becoming Canada's Mexico??"},"content":{"rendered":"\n<\/head>

Corey mentions<\/a> in his comment that he has been wondering on the situation of falling dollar looking at it from Canada. A friend of mine, Raj, from Canada also had a similar view. He was ecstatic that they could now shop in the US for cheap! US, he says, is Canada\u2019s Mexico!<\/p>\n

\n

When we travel to the US, we go crazy shopping \u2013 even when we drove down there in June, we came back with a car full of stuff, it was so cheap..and the $ was only 92c then.. you\u2019re our mexico down south now \ud83d\ude42<\/p>\n<\/blockquote>\n

But its not as if Canadians will escape the brunt. As he followed with the analysis of how it affected Canadians:<\/p>\n

\n

And gloat as I may, it is going to pull Canada down as well \u2013 60% of our trade is with the US and most of our exports are commodity-based.. heck, my job depends on the US$ \u2013 the company profits have shrunk like crazy \u2013 95% of our business is in the US, paying us US$ \u2013 so imagine the profit margin squeeze as the CAD$ went from 62c to 99c.<\/p>\n<\/blockquote>\n

I think this is very significant! Yes, the American currency will tank \u2013 but with it\u2026. many other economies will go down. The economic world as we know it will have become completely different!!<\/p>\n<\/body><\/html>\n","protected":false},"excerpt":{"rendered":"

Corey mentions<\/a> in his comment that he has been wondering on the situation of falling dollar looking at it from Canada. A friend of mine, Raj, from Canada also had a similar view. He was ecstatic that they could now shop in the US for cheap! US, he says, is Canada’s Mexico!<\/p>\n

\n

When we travel to the US, we go crazy shopping – even when we drove down there in June, we came back with a car full of stuff, it was so cheap..and the $ was only 92c then.. you’re our mexico down south now \ud83d\ude42<\/p>\n","protected":false},"author":1517,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15,79],"tags":[],"class_list":["post-4605","post","type-post","status-publish","format-standard","hentry","category-economics","category-us"],"yoast_head":"\nCrashing Dollar: Is US becoming Canada's Mexico??<\/title>\n<meta name=\"description\" content=\"Corey mentions in his comment that he has been wondering on the situation of falling dollar looking at it from Canada. A friend of mine, Raj, from Canada also had a similar view. He was ecstatic that they could now shop in the US for cheap! US, he says, is Canada's Mexico! 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