Iceland eyes loonie, Canada ready to talk
- Thread starter Mowich
- Start date
The Canadian government and by extension, the Canadian would probably see a net benefit. The more Canadian money held by more people, the more valuable it becomes. That's why the Americans want oil and most world trade in $US. The Canadian government can print money for Iceland and use it to buy Icelandic goods and services just for the cost of printing the money. Over time inflation of the $CDN would act as a tax.
I'm not seeing a down side here...
I'm not seeing a down side here...
OK I've decided-we'll take the sweaters, the fish, the cheese and the flatbreads but we don't want Bjork!!
I happen to enjoy Bjork. She is nice and quirky, and I like her voice.
Re: Iceland considering switch to Canadian dollar
Actually, I can see a benefit to Iceland since their own currency on the international money market is about as popular as a turd in a punch bowl and by using Canada's dollar it would give them some stability. Is there a negative side to this for Canada?
I don't understand why either Iceland, or Canada would want to do this. Would Canada or Iceland benefit from having a common currency?
Actually, I can see a benefit to Iceland since their own currency on the international money market is about as popular as a turd in a punch bowl and by using Canada's dollar it would give them some stability. Is there a negative side to this for Canada?
Re: Iceland considering switch to Canadian dollar
They should consider joining Canada as the 11th province.
They should consider joining Canada as the 11th province.
Re: Iceland considering switch to Canadian dollar
Greeaatttt... Just what we need, another jurisdiction that will live off of equalization payments
Greeaatttt... Just what we need, another jurisdiction that will live off of equalization payments
The housing prices seem to be about on par with here, not Toronto or Vancouver of course, so they can't be all that bad off.
I'd like to see it but they should have to adopt our banking legislation so they don't sully our fair dollar.
Are you sure about that?
björk: moon - YouTube
I'd like to see it but they should have to adopt our banking legislation so they don't sully our fair dollar.
I happen to enjoy Bjork. She is nice and quirky, and I like her voice.
Are you sure about that?
björk: moon - YouTube
Bjork, love her or hate her, is one of the great musican talents of our time.
Speaking of tropical places and Canada, was it not the Turk and Caicos islands in the Caribbean that at one time proposed a joining with Canada?
Speaking of tropical places and Canada, was it not the Turk and Caicos islands in the Caribbean that at one time proposed a joining with Canada?
Could Iceland adopt the loonie? - Business - CBC News
While charing a common currency has its advantages in principle, I must admit that I'm weary for Iceland's sake of simply adopting another country's currency. After all, Canada would maintain control over printing and the bank rate. If iceland simply adopts our currency, this would thus give us control over their currency too.
If we were talking about Canada and Iceland adopting a common currency, I'd say yes. But for one country to simply adopt the other's? I'm less enthusiastic about that, but I'll still acknowledge some advantages still.
While charing a common currency has its advantages in principle, I must admit that I'm weary for Iceland's sake of simply adopting another country's currency. After all, Canada would maintain control over printing and the bank rate. If iceland simply adopts our currency, this would thus give us control over their currency too.
If we were talking about Canada and Iceland adopting a common currency, I'd say yes. But for one country to simply adopt the other's? I'm less enthusiastic about that, but I'll still acknowledge some advantages still.
Why would Iceland even consider tying itself to the same money system they just broke away from, if anything Canada should be ditching our current system and adopt their currency and save a pile of cash in the process which can be spent on the war that would follow. At least unemployment would be down to 0%.
At least the offer was made, we turn it down we can't bitch when Russia adopts her and finances her so she can export electricity to Russia's shores. Just in time for the mini ice age coming.
At least the offer was made, we turn it down we can't bitch when Russia adopts her and finances her so she can export electricity to Russia's shores. Just in time for the mini ice age coming.
She's either 12 ft tall or the bear is a yearling.I happen to enjoy Bjork. She is nice and quirky, and I like her voice.
The hidden people (elves, trolls, and faeries) are much smaller. They live in outcroppings of rocks and in gardens. The hidden folk have their own currency. Always have, always will.
Elves in Iceland: The Hidden People! - YouTube
Elves in Iceland: The Hidden People! - YouTube
We should turn them down rather than set them up for a return down a road they just got back from. Perhaps the one being offered an opportunity for advancement is to us.
The financial crash in Iceland in 6 minutes according to ABC´s 20/20. - YouTube
The financial crash in Iceland in 6 minutes according to ABC´s 20/20. - YouTube
Iceland is not proposing to share our currency. The want to use our currency. Our government prints Canadian dollars and then spends it on Icelandic goods and services. Then Icelanders use our $CDN for trade. Basically its a one time transfer of wealth from Iceland to Canada in order to kick start a $CDN based fiscal system in Iceland. Iceland would loose control over their domestic currency and trust us to be fiscally responsible. It a leap of faith on their part, which means they must be desperate.
Re: Iceland considering switch to Canadian dollar
Yep, and that's why I merged the two of them.
Yep, and that's why I merged the two of them.
Yes, the Turks and Caicos wanted to join Canada, but there are apparently some constitutional issues. Never mind, I'm sure everyone will amend it to make it easier to join Canada - leaving it, however, would be a different matter.
Pretty much what I was saying. If we were talking about Iceland and Canada adopting a comon neutral shared currency, both countries would co-administer it. What we're talking about here though is for Iceland to adopt our currency with Canada maintaining more or less full control over it and Iceland having little to none.
Again, I'll acknowledge a benefit to a shared currency in principle, but I'm wary of it for Iceland's sake. of course Canada would benefit without a dobt, but the benefit for Iceland really would be a mixed bag.
Iceland's PM says the country can either join the EU or unilaterally adopt another currency. I wouldn't join the EU, so the only option, AFAIK, is adopting the loonie - or, better yet, joining Canada. But I'm a neocon.