This my assignment of essay Increasing worth of Canadian Dollar which is aiming to get stronger over US dollars since from 1990’s to the present scenario.
Attachments As per I have studied and gone through the material that I took for the topic regarding the Increasing worth of Canadian Dollar which is aiming to get stronger over US dollars since from 1990.doc
H Singh.doc
Increasing worth of Canadian Dollar which is aiming to get stronger over US dollars since from 1990’s to the present scenario.
According to the survey done by Parliament of Canada, The Canadian dollar since the mid-1970 to the beginning of 1988 had been in long-term decline relative to the US dollar. However beginning in 2001, the Canadian dollar has experienced a dramatic …show more content…
The rise in the Canadian dollar is in large part a US-based phenomenon is evident in the fact that the Canadian dollar is not the only currency to have appreciated against the US dollar since 2002. Indeed, most major currencies worldwide have done so, and some have appreciated even more rapidly than the Canadian dollar. The Canadian dollar has dramatically outperformed most other currencies vis-à-vis the US dollar. From January 2004 through October 2007, the Canadian dollar rose by 32.7% against the US dollar and the reason behind this increase is the above written major four factors. Although the appreciation of the Canadian dollar can be seen to be largely a US-based phenomenon, other factors are also contributing to the currency’s rise. One of the most significant of these is the effect that rapid economic development in some parts of the world is having on global commodity markets. As countries like China and India continue their rapid economic growth, they are contributing to the soaring global demand for energy and base materials to supply manufacturing and construction. The resulting increase in world commodity prices is providing a further boost to the Canadian dollar. Indeed, as mentioned above, so-called “commodity currencies” such as the Canadian and Australian dollars have made some of the strongest gains against the US dollar. Since January 2002, world non-energy commodity prices, in real terms, have increased by 56.9%. There have been gains in nearly all major commodity types, but prices for base metals and minerals have seen particularly strong growth over that period. Precious metals prices have risen by 127.5% since 2002. Growth in non-precious metals and minerals prices has been even stronger. Led by copper and uranium, those commodities have more than tripled in price since 2002.Energy prices have been considerably more volatile than non-energy commodity prices, but they too are having an impact on
Attachments As per I have studied and gone through the material that I took for the topic regarding the Increasing worth of Canadian Dollar which is aiming to get stronger over US dollars since from 1990.doc
H Singh.doc
Increasing worth of Canadian Dollar which is aiming to get stronger over US dollars since from 1990’s to the present scenario.
According to the survey done by Parliament of Canada, The Canadian dollar since the mid-1970 to the beginning of 1988 had been in long-term decline relative to the US dollar. However beginning in 2001, the Canadian dollar has experienced a dramatic …show more content…
The rise in the Canadian dollar is in large part a US-based phenomenon is evident in the fact that the Canadian dollar is not the only currency to have appreciated against the US dollar since 2002. Indeed, most major currencies worldwide have done so, and some have appreciated even more rapidly than the Canadian dollar. The Canadian dollar has dramatically outperformed most other currencies vis-à-vis the US dollar. From January 2004 through October 2007, the Canadian dollar rose by 32.7% against the US dollar and the reason behind this increase is the above written major four factors. Although the appreciation of the Canadian dollar can be seen to be largely a US-based phenomenon, other factors are also contributing to the currency’s rise. One of the most significant of these is the effect that rapid economic development in some parts of the world is having on global commodity markets. As countries like China and India continue their rapid economic growth, they are contributing to the soaring global demand for energy and base materials to supply manufacturing and construction. The resulting increase in world commodity prices is providing a further boost to the Canadian dollar. Indeed, as mentioned above, so-called “commodity currencies” such as the Canadian and Australian dollars have made some of the strongest gains against the US dollar. Since January 2002, world non-energy commodity prices, in real terms, have increased by 56.9%. There have been gains in nearly all major commodity types, but prices for base metals and minerals have seen particularly strong growth over that period. Precious metals prices have risen by 127.5% since 2002. Growth in non-precious metals and minerals prices has been even stronger. Led by copper and uranium, those commodities have more than tripled in price since 2002.Energy prices have been considerably more volatile than non-energy commodity prices, but they too are having an impact on