Canadian Dollar Drops To Lowest in Four Days as Crude Oil Declines. Bloomberg.com. Online at http://www.bloomberg.com/apps/news?pid=20601082&sid=ahfsbyRA1cRI
The global economy is in a determined state of recession. Poor policy in the United States and throughout the globalizing world community have reverberated through all entangled nations. The impact on currencies in North America in particular has been decidedly negative. As the Bloomberg article from June of 2009 indicates, "Canada's currency plunged to the lowest level in four days as commodities including crude oil, the nation's biggest export, dropped amid a surge in demand by investors for safer assets." (Kruger & Founier, 1) One can infer from the article that this decline parallels a drop of similar proportions throughout the year in American currency, reflected the ripple effect of continental trade agreements in the face of major U.S. recession.
Recent events including the declaration of Japanese finance ministers of a renewed confidence in American debt has caused a rally in the value of the long-flagging U.S. dollar. By outcome and related to OPEC's recent increase in crude production -- a chief export for Canada and therefore a major source of commodity value -- the value of the loonie has declined relative to most major world currencies. This, Kruder & Fournier report, is consistent with a trend which bottomed the loonie at its lowest value in March of 2009.
The point-of-view of the article reports expectations of some recovery relative to recent declines, but is also frank about negative economic expectations in relation to recent events. Most particularly in this case, the decline in the value of crude oil and, consequently the dollar, may lead to further economic retraction for a Canada that is carrying a record C$50 billion deficit.
MacIntyre, N. (2009). City council rejects back-yard hen proposal....
104).. Berlin district mayor, Neukolln, asserts that multiculturalism in German has fallen short. Evidence shows that the recent increment in immigration is because of economic refugees from southern European nations because of the euro disaster (Conradt 2013, p.117). However, the debate regarding the considerable rise in immigration in German falls back to the Turkish community integration, which depicts the uppermost number of foreigners in Germany, the Europe largest economy. Scores of
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