Dollar Blues

I'm getting so sick and tired of those smart alec know it alls in Canuckland that are demanding that retail and car prices drop now that the Loonie is riding high.

There's one point everyone is forgetting in all this. If prices lower because of the exchange rate, just where is all that lost money going to come from?

Salaries. Jobs.

In fact the argument can be used that if prices in the Canadian economy are going to be as uber exchange rate sensitive as Canadians want them to be then so should wages.

Anyone lining up for the first pay cut?

No comments:

Post a Comment