The only question is, is it a going out of business sale or just a "we need cash so everything is 10% off" type of thing.
Time to buy American
ROB CARRICK
From Thursday's Globe and Mail
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November 8, 2007 at 12:26 AM EST
Everything's on sale at the world's biggest candy store.
That's the United States we're talking about here. The land of the free isn't exactly gratis to us Canadians, but it is a big, screaming bargain now that our dollar is on the rampage.
Travelling? Florida looks mighty fine, and we're not talking about the high of 26 degrees in Miami yesterday. Feel a book-buying binge coming on? Hello, Barnes & Noble. Looking for vacation property? Forget Ontario's Muskoka region or Vernon in British Columbia and head to Arizona. Need some stocks to round out your investment portfolio? Those giant U.S. companies that dominate global commerce are looking cheaper all the time.
For years, Canadians have looked longingly across the border. Sure, we could go if we wanted, but our lame loonie made everything appear pricey.
Today, the loonie's on steroids and Canadians have the happy task of adjusting. Start with your travel plans. If you're vacationing soon, put U.S. destinations first on your list. The exchange rate is high enough now that a loonie buys more than one U.S. dollar, even after you factor in foreign exchange fees or the currency-handling fees applied by credit cards.
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