Where is the dollar headed?

Summary The world of economics seems nervous with thoughts concerning the impact of the rising dollar on next year's economy, yet the consensus opinion looks for logical economic growth of 3 per cent in 2004. On the other hand, everyone has noted the dramatic and time compressed rise in our currency over the past year. Acknowledged that interest rates, both short - and long-term, have stayed relatively flat over that time, there has been a one-for-one tightening …

…at that point, the international country would still want the same currency before the rise of the Canadian dollar. In addition, this also refers to companies importing and exporting product to international countries. Overall, I believe, that the dollar increasing is a good thing, but only if u are not in an international trade company. It is a nice change to finally go to the U.S. and get your moneys worth when buying things.