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>The canadian dollar is about 20% less than USD, so VC dollars go further How expensive a nation is and the exchange rate of its currency is independent.
by tormeh 10y ago
>The canadian dollar is about 20% less than USD, so VC dollars go further
How expensive a nation is and the exchange rate of its currency is independent.
- bigmanwalter 9y agoIn this case it isn't though. Canadian engineers make less than American engineers
- walshemj 9y agoExactly its why London is popular UK Engineers are cheap speak English natively and are used to being treated like second class profesionals.
- matthewrudy 9y ago20% cheaper since last June too.
- matthewrudy 9y agoThe point that's being made is that the currency exchange rate and the cost of an engineer (converted to USD) are independent.
- paulgb 9y agoYes, this fallacy always bothers me. The Canadian Toonie trades strongly against the US dollar; using the half-Toonie as a benchmark is an arbitrary choice.
- snrplfth 9y agoForget about the Loonie, look at the yen - one US Dollar is worth an incredible 114 yen! Quick everybody, throw all your investment at Japan!