Reply #66: Loonie Watch [View All]

[TrogL]

http://members.shaw.ca/trogl/looniewatch.html

Highlights.



http://www.x-rates.com/d/USD/CAD/data30.html

Detailed analysis (http://quotes.ino.com/exchanges/?r=CME_CD)

Up-to-the-minute graph (http://quotes.ino.com/chart/?s=CME_CDY&v=i)

Current TSE:




2005-08-22 Monday, August 22 0.830565 USD
2005-08-23 Tuesday, August 23 0.834655 USD
2005-08-24 Wednesday, August 24 0.8364 USD
2005-08-25 Thursday, August 25 0.841184 USD
2005-08-26 Friday, August 26 0.83689 USD
2005-08-29 Monday, August 29 0.835771 USD
2005-08-30 Tuesday, August 30 0.838997 USD
2005-08-31 Wednesday, August 31 0.840831 USD
2005-09-01 Thursday, September 1 0.843526 USD
2005-09-02 Friday, September 2 0.841751 USD
2005-09-05 Monday, September 5 0.841751 USD
2005-09-06 Tuesday, September 6 0.842673 USD
2005-09-07 Wednesday, September 7 0.843526 USD
2005-09-08 Thursday, September 8 0.845881 USD
2005-09-09 Friday, September 9 0.851136 USD
2005-09-12 Monday, September 12 0.843597 USD
2005-09-13 Tuesday, September 13 0.847458 USD
2005-09-14 Wednesday, September 14 0.845809 USD
2005-09-15 Thursday, September 15 0.842957 USD
2005-09-16 Friday, September 16 0.845594 USD
2005-09-19 Monday, September 19 0.855359 USD
2005-09-20 Tuesday, September 20 0.854409 USD






The loonie lost against all major currencies yesterday. Nothing drastic, but noteworthy. I have no idea why.

I'm posting early because I heard a vice president from the conservative Howe Institute on CBC radio this morning and want to get this down while I still remember it. Apparently they've published a report on taxation in a whole bunch of countries and rate Canada very low. I'll link to it later if I can find it.

Primarily, his point was that Canada has high taxation on investment income and it stifles corporations. Fine, that's standard conservative fare. What was hysterical was that after a few minutes of questioning, he had to admit that this was easily offset by a well-trained, healthy workforce paid for by, you guessed it, those exact same taxes he was complaining about.

Go figure.