GOLD is the money of the KINGS, SILVER is the money of the GENTLEMEN, BARTER is the money of the PEASANTS, but DEBT is the money of the SLAVES!!!

Monday, January 25, 2016

Why is Canada’s Loonie so Weak Compared to the US Dollar Right Now?

The Canadian dollar or loonie has fallen to a 12-year low, closing below the 72-cent US mark for the first time since 2004. Factors that have lead to this decline include a drop in oil prices and the diverging monetary policies of Canada and the US. The loonie is on track for its second-worst year ever. US and Canada imports and export trade deals will be directly impacted by the new exchange rate and could lead to a long standing negative effect on the Canadian economy. Margaret J. Howell and Jose Marcelino Ortiz break down Canada’s currency on The Lip News.

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