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    „Trump-Handel“ lässt den Loonie gegenüber dem US-Dollar auf den tiefsten Stand seit vier Jahren fallen


    „Trump-Handel“ lässt den Loonie gegenüber dem US-Dollar auf den tiefsten Stand seit vier Jahren fallen

    https://www.theglobeandmail.com/business/article-trump-win-canada-us-exchange-rate/

    View 9 Comments

    9 Comments

    2. joe4942 on

      > The re-election of Donald Trump has supercharged the U.S. dollar, sending Canada’s currency exchange rate to a four-year low against the greenback – potentially helping Canadian exporters ride out the impact of tariffs but also pushing up prices for imported goods.

      > The loonie has fallen around 2 per cent against the U.S. dollar since the election and around 4 per cent since September, when financial markets began leaning into the “Trump trade” in expectation of the Republican candidate’s return to the White House. It’s now trading near 71 US cents, down from around 74 US cents in late summer – a level last seen in the early days of the COVID-19 pandemic.

      https://www.theglobeandmail.com/business/article-trump-win-canada-us-exchange-rate/

    5. Agressive-toothbrush on

      Ok, it is going to suck royally to buy imported products, it will suck to travel abroad…

      **BUT** —- A low loonie is great for exporting Canadian products and for attracting foreign investments.

      If Trudeau plays his cards right, his government will create programs right now in order to divert foreign investments away from real estate and towards manufacturing, research, development and natural resource exploration/extraction (including minerals and energy but also agriculture and fisheries).

      In fact, American wages will be much more expensive than Canadian wages, but Canada has the same workforce profile as the U.S. which means anything from skilled labour and all the way to scientific research and everything in between. So foreign corporations might just pick Canada, despite Trump’s tariffs because the saving will be so great.

      American consumers will want Canadian products as a low loonie means big savings to those who use the USD.

      As it concerns the price of oil, gas, minerals, since they are purchased in USD, Canada will get an extra bonus selling those on the international market.

      As it concerns “made in Canada” stuff, the price should remain pretty much stable, specially for meats, vegetables and fruits grown in Canada, milk, cheese, bread and other food stables made from Canadian products.

      **Trump’s** entire program is to try to devalue the USD as much as he can to foster an increase in American exports, but what Trump does not understands is that the Loonie and the Mexican Pesos are so dependent on the USD that any loss in value of the American Dollar will lower the value of the CAD and Pesos at the same, if not greater rate… And there is nothing Trump can do about that, even 6000% tariffs are not going to change that.

    6. Worried_494 on

      Well I guess we’ll have to buy more goods from China and leave the US products alone for a while.

    7. funky2023 on

      Low loonie will benefit the exported commodities but will raise the cost of anything imported. Food prices are already stupid high in many small cities across Canada this will only increase and intensify the pain felt by consumers in those areas. Thinking Trudeau will accomplish anything with Trump is ridiculous. Trump has had 4 years to think off the record on how he can lay it to Canada and everyone else. Canada is best off selling its commodities to other countries other than the USA that isn’t going to tarrif the shit out of us that pay in US currency.

    8. PeregrineThe on

      and the BoC takes no blame.. lol

      Despite having like 12 more lines on their balance sheet than 5 years ago ;p

    9. Fluid_Lingonberry467 on

      Dropping rates faster than the us will go that. Raise rates by 1% and the dollar will go up
      Simple

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