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When the US debt was downgraded recently,
why did the Canadian dollar depreciate
relative to the US?
When the US debt was downgraded recently,
why did the Canadian dollar depreciate
relative to the US?
Not exactly sure why they downgraded the US credit rating when everyone knows the US wil pay it's debts. Those credit rating agencies do not have a particularly good record of accurate evaluations of companies and countries when it comes to solvency, they were the ones who rated a whole lot of CDOs that contained a bunch of bad mortgages. In essence, that downgrade was BS.
As to the canadian dollar, I'm not aware of any financial difficulties up north. Maybe they are devaluing their currency or maybe when the shit hits the fan a lot of investors want to be holding US dollars thinking they'll go up in value sooner or later.
Not exactly sure why they downgraded the US credit rating when everyone knows the US wil pay it's debts. Those credit rating agencies do not have a particularly good record of accurate evaluations of companies and countries when it comes to solvency, they were the ones who rated a whole lot of CDOs that contained a bunch of bad mortgages. In essence, that downgrade was BS.
As to the canadian dollar, I'm not aware of any financial difficulties up north. Maybe they are devaluing their currency or maybe when the shit hits the fan a lot of investors want to be holding US dollars thinking they'll go up in value sooner or later.
But we did have "serious" GOP presidential candidates advocating default and saying that it wouldn't be so bad. Then after the downgrade they pointed to the Democrats.
With the possibility of loons such as Batcrazy Bachmann taking over as President, you think the rating ageny was a little nervous?
Because the Queen of England (who runs your country) want's it that way.When the US debt was downgraded recently,
why did the Canadian dollar depreciate
relative to the US?
Retirement programs for former federal workers — civilian and military — are growing so fast they now face a multitrillion-dollar shortfall nearly as big as Social Security's, a USA TODAY analysis shows.
When the US debt was downgraded recently,
why did the Canadian dollar depreciate
relative to the US?