The Increase in Currency

I have been pretty surprised with what i saw lately whether on news or newspaper that our Canadian dollar is stronger than the US dollar. Like CP24 has said that the canadian has raised like up to $1.00 to the US. Some media have said that the reason behind that was because Canada's economic growth has increased better than the canadians even expected. While its the other way to the US's, which they also grow but a little bit slower.

Well if we want to debate on the reasons why its easy to explain like one by one. I would say one of the big reason for US was because they got like up to 10+ trillion debts or something. No wonder the Americans are struggling. Those big debts might even be difficult to be paid off by generations to generations of the americans. Other possible reason is that they got bigger amount of populations over us which could be the slow down process for them to grow. But i was also surprised that the American improved jobs numbers and the Obama stabilizing of the economy is pretty well done; therefore, according to their economics, i'll say we are in a deep unclimb hole so the Canadians are foolish to think there is any recovery over here.

Pretty sure the reason behind Canada being able to survive also due to their low bank leverage(level/amount in borrowing money-but in economic i should say) was less than 10;1 ratio, when the US banks were leveraging at 100:1. That why Canada got hit the least from the world recession. Other reason was because the Canadians do less mortgage than the Americans. That way the Canadian currency would rise up.

I am just hoping that this do not make the canadians shop/market lose their profit cause of the higher value of dollar. Due to that the Canadians might think of shopping by going to US. So i hope this does not stays forever, like only good for quite sometimes IoI That could well harm the Canadian economic and made the lines goes down, from where it used to be that high. Definitely we, the Canadians doesnt wanna see that kind of picture, since it would look embarrasing and bad.