Money Matters

Money makes the world go round so when the economy took a turn for the worse last year our dreams of a strong Canadian dollar were dashed. But things are starting to look up and the dollar is now at 90 cents, a record high. You would think this is a sign of good things to come. Apparently not. The fact that the loonie is doing well, has had the opposite effect. This happy ending can only mean one thing -- investors will turn the other way because investing won't come cheap. When a country shows signs of economic stability it means foreign investors will have to pay higher prices for goods. Interests will be higher and so on. It is a vicious cycle. Our strong dollar will also drive away American tourists because their dollar will only go so far. It's a prime example of a good thing being bad.