Quote:
Originally Posted by Brookside
Man, the Canadians get screwed right now while the U.S. makes out like bandits.
It's probably worth mentioning that Susanne Klatten and some others on the BMW board majored in economics at the same school in Switzerland..I think she has the ecquivalent of a masters degree. The amount of strategy that goes into pricing and financial policy is incredibly interesting.
I wish the site had someone contributing who's knowledgeable in international finance to take some time and explain the type of issues that have popped up on this thread.
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I am a 4th year Eco major with a minor in business. What would you like further explanation on, I should be able to help?
Off the top of my head, I would think the situation described by Devon is more a product of interest rates (and inflation), rather than exchange rates, but it could be a mix of both. I do not know what the "real" rates are in Canada right now, so I will do a little research and see what I can find.