Don’t get too optimistic now…

In this case that’s debatable. A devalued dollar means more expensive imported goods and inflationary pressures (usually leading to higher interest rates).

Net result – everyone’s working like dogs to make ends meet, foreign products are beyond many people’s reach, we can’t afford to travel abroad and we’ll be riding around on bikes because we can’t afford the gas. Mmm does sound like China.

Until you have to import something, say like a barrel of oil.

Do you think this was partly deliberate to address the crippling trade deficit?

If you read between the lines, that tells you investors find other currencies to have less risk vs. return.

Not a good thing long term.

By the way, since when is “North America” the dollar zone? Don’t they really mean, like, the United States of America? I don’t think the Europeans gain much by moving manufacturing to the loonie zone.