Strong Canadian Dollar Helps or Hurts ? Norair Yeretsian

Well we had an advantage in attracting U.S. investors or home purchases up

here in Canada when our dollar was about $0.70 to their dollar.

 However with a stronger Canadian dollar now at Par ( $1 to $1)  and a U.S recession over the past 24 months many

 American corporation have been reducing their head counts up here in Canada and

retrenching their base in the U.S. it would appear. This adversely impacts our real estate on many levels.

 However the in-flow of investors and new Canadians from other parts of the world has not slowed down, thankfully.

 So the American impact has not been dramatically felt. At least not in Toronto, Canada.

A Strong Canadian dollar maybe nice if you are travelling outside the country or importing products.

But it Hurts our exports and hurts our manufacturers.

Canadian products become less competitive and we will lose sales internationally.

So as our dollar rises we lose whatever manufacturing jobs are left in the country.

Our commodities also become more expensive and less competitive – we could lose here as well.

The U.S. and China with their low currency positions win the global competitiveness game.

People around the world still like Toronto real estate – its solid .

Let’s discuss it, Join Us at www.yinvestthinktank.blogspot.com

Twitter : EnvoyCapRealty

Envoy Capitol Realty Inc., brokerage       Toronto , Canada
Buy/Sell/Lease/Manage/Develop/Syndicate — Investments

Norair Yeretsian  , broker of record

Email : capitalmoves@gmail.com

Nor Yeretsian  [ Facebook ]      November 15,2010