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Thursday, May 1, 2008

About Economics: Weekly Update (Vol. 6, No. 18)

About.com   Economics
In the Spotlight | More Topics |
  from Mike Moffatt
While the U.S. is managing to avoid a recession (if you believe the statistics), my home province of Ontario, Canada is not doing nearly so well. It is a classic case of Dutch disease - oil exports from Alberta are driving up the Canadian dollar which has negative consequences on other export industries.

 
In the Spotlight
How Does the Value of the U.S. Dollar Impact Canada?
A reader asks: "I am continually reading about the Canadian dollar value versus the American dollar value, however I do not fully understand how it affects each country. The increasing value of the Canadian dollar has caused less exports which would decrease the nations income. How does it affect the businesses in Canada? How does it affect Canadians and their spending?"

 
         More Topics
Will I Lose $300 This Month?
This is the week of truth. For the seven days between May 1 and May 7, I need to have an average body fat percentage of under 18.23%. If I fail, I must pay $100 each to the source of choice as chosen by the following three economics blogs: [Click on the link to see more]

 
You're Down To Your Last 8 Bullets, Boys
The Fed just cut the target for the Federal Funds rate by 25 basis points, down to 2.00%. Eight more of these 'small' cuts and the Federal Funds rate will be at zero. The Fed is not nearly as worried about rising commodity prices as I am: [click on the link to read more]

 
 
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