Canadians are now richer than Americans

[TennTradition]

Your numbers have to be wrong because that makes no sense. No way an exchange rate of 1 USD to .67 Candian Dollars made your trip inexpensive. It would be quite the opposite.

I thought the same thing...but he got it right a few posts later...he had them flipped in the post you quoted.

 

[BigPapaVol]

I thought the same thing...but he got it right a few posts later...he had them flipped in the post you quoted.

Yes, but it's still immaterial to the article.

 

[WA_Vol]

Correct. And the people who live in Canada are being paid in Canadian dollars. They don't get paid USD and then exchange it for CAD.

They buy goods from China, Vietnam, Mexico etc just like we do.
If they buy from China who trades in dollars they do much better then they did 15 years ago.
Unless you want to believe like Huffines they all make less to compensate for their new buying power vs the dollar.

 

[TennTradition]

Yes, but it's still immaterial to the article.

I'm not disputing that.

 

[n_huffhines]

I now am maybe seeing a logical connection in your argument. A strong currency is positively associated with a strong economy? Like consumers/investors have confidence or something?

 

[Velo Vol]

They buy goods from China, Vietnam, Mexico etc just like we do.
If they buy from China who trades in dollars they do much better then they did 15 years ago.

Yes, if China pegs its currency to the USD, and the CAD appreciates relative to them, Canadians can buy more Chinese imports than before said appreciation.