The NZ dollar is also in the tank compared to the US dollar, despite having had a right wing austerity government cutting spending for over a year. This is more to do with the extreme strength of the US economy since 2021, than anything happening in Canada or Australia or New Zealand.
www.stuff.co.nz
Canadian $ = 0.70 USD
Australian $ = 0.63 USD
New Zealand $ = 0.57 USD
Are you from Canada?
This has much much more to do with our governments spend spend spend policies, tax Canadian's to death than the USA's strong economy. The world is losing faith in Canada and pulling investment dollars, selling of CAD and its showing everywhere.
1. Mass spending/corruption around COVID with no accountability.
2. Mass printing of CAD to give to people during COVID without payback plan or anything
3. Tax dollars invested in Green businesses/EV battery plants that have all gone into bankruptcy protection.
4. Massive Liberal corruption around contracts. Multiple Liberal owned companies and friends received billions in unaccounted for contracts without any competition.
5. Foreign interference influencing our government to send money elsewhere
6. Selling off all our gold.
7. Massive immigration causing all our service costs to go up, so spending goes up, taxation goes up.
It has much much more to do with our Pejorative Slured government whos spending has finally caught up to us, and our Prime Minister has gone into hiding after our Finance Minister resigned after throwing him under the bus.
The US economy should of been followed by our leaders but we decided to ruin consumer/investor confidence by spending like drunken sailors thinking it wouldn't ever come to haunt us.