the peso

As is often the case, the American press has been ignoring our neighbours to the north and south. I ran across an article today which suggests that Mexico may be entering another currency crisis. It seems they export a large percentage of their goods to this one other country, that hasn't been buying so many things of late. Canada is also not immune, and the article notes that if 'buy American' provisions are included in the stimulus package, we could see a serious fall in the Canadian dollar.

Anonymous commented:

In a nutshell, you're saying that I should convert all the Canadian coins I've been hoarding to American dollars now, rather than save them for retirement?

- Mara

on Sun Feb 1 08:50:43 2009

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