
Originally Posted by
Elesirdur
Okay Guartz, I see where you're coming from. I believe I was explaining myself poorly when talking about OPEC "setting prices". The way I wrote it I was implying that they directly controlled prices instead of implying, as I wanted, that because they control and regulate production they have a de facto control over price.
Even though most consumers will lament a low Canadian dollar, compared to the greenback, it is a positive sign for the manufacturing and resource industries to help move their products across the border. However, if that reduction in exchange rate is also combined with a reduction in purchasing power parity then there there would be additional trade implications. (From what little I know about economics this made sense to me, but to someone knowledgeable I'm guessing it's complete and utter bullshit lol)