CAD $ and looming interest rate increase.

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  • AZNNC
    Confirmed User
    • Jan 2005
    • 592
    #1

    CAD $ and looming interest rate increase.

    So us canadians are getting fucked lately. 1 USD is now worth less than 1 CAD.
    Canadian Goverment is warning of increased interest rates in June, which last week just the warning caused a 1.5 cent spike to the CAD vs US. I'm sitting on a bit of US money, and I don't want to ride this out for a few years. Whats the take on this, will it go to .90-.95 cents US soon on interest rate spike?

    Tags: None
    • Si
      Such Fun!
      • Feb 2008
      • 13900
      #2
      Chill it will go back down.

      Remember 2 years ago? Petrol prices were at $1.30 per litre, and the USD was worth less than the CAD.

      Then the following 18 months it went back down to around $1usd = $0.89 - $0.93cad

      I reckon it will happen again.

        Comment

        • 2MuchMark
          Mark of 2Much.net
          • Aug 2004
          • 50938
          #3
          Nothing you can do but charge more.

            Comment

            • madawgz
              8.8.8.8
              • Mar 2006
              • 30509
              #4
              i hope it turns around
              TAEMDLRMSKRJIXMRLSMRJ.

                Comment

                • Bman
                  Confirmed User
                  • Aug 2003
                  • 1679
                  #5
                  Wait till the fall.... Oct or November
                  ICQ 228211529

                    Comment

                    • Angry Jew Cat - Banned for Life
                      (felis madjewicus)
                      • Jul 2006
                      • 20368
                      #6
                      This strong CDN is hurting. Definitely been cutting in as I was used to taking extra cash off my USD checks. Now I'm losing.

                      Praying for the US economy to strengthen so I can get back to making money on the exchange.

                        Comment

                        • qwe
                          Confirmed User
                          • Jul 2003
                          • 2109
                          #7
                          ya same here...i have a feeling it'll get way worse once iflation hits usa, not sure what to do with usd dollars :/

                            Comment

                            • Phoenix
                              BACON BACON BACON
                              • Nov 2002
                              • 35475
                              #8
                              ugh none of this is good news
                              Telegram PhoenixBrad
                              https://quantads.io

                                Comment

                                • Bomber8888
                                  Confirmed User
                                  • Mar 2004
                                  • 1444
                                  #9
                                  Should hit 1.05 in the coming months!
                                  Icq - 403858640
                                  bomber.jason AT gmail dot com

                                    Comment

                                    • AZNNC
                                      Confirmed User
                                      • Jan 2005
                                      • 592
                                      #10
                                      Originally posted by Bomber8888
                                      Should hit 1.05 in the coming months!
                                      explain.

                                        Comment

                                        • moeloubani
                                          Confirmed User
                                          • Dec 2007
                                          • 4235
                                          #11
                                          i wouldnt mind if we weren't charged up the ass for shit in canada that is cheap in the US, looking at buying a TV that you can get for $2300 in the US and over here the cheapest I can find it is $3199...wtf? its like a double fuck not only is my american money not worth more canadian money, my canadian money is somehow worth less than american money when it comes to actually buying things

                                            Comment

                                            • GrouchyAdmin
                                              Now choke yourself!
                                              • Apr 2006
                                              • 12085
                                              #12
                                              Originally posted by moeloubani
                                              i wouldnt mind if we weren't charged up the ass for shit in canada that is cheap in the US, looking at buying a TV that you can get for $2300 in the US and over here the cheapest I can find it is $3199...wtf? its like a double fuck not only is my american money not worth more canadian money, my canadian money is somehow worth less than american money when it comes to actually buying things
                                              Perception vs. Reality. You've got a hold on the latter.

                                              Don't worry, when our country entirely collapses, a few of us are coming up to conquer you with boards with a nail in them, take it over, and call it 'New Wisconsin.'

                                                Comment

                                                • alias
                                                  aliasx
                                                  • Apr 2001
                                                  • 19010
                                                  #13
                                                  Time for sponsors in .ca to start paying in CAD.
                                                  https://porncorporation.com

                                                    Comment

                                                    • Jdoughs
                                                      Confirmed User
                                                      • Mar 2004
                                                      • 5794
                                                      #14
                                                      Originally posted by GrouchyAdmin
                                                      Perception vs. Reality. You've got a hold on the latter.

                                                      Don't worry, when our country entirely collapses, a few of us are coming up to conquer you with boards with a nail in them, take it over, and call it 'New Wisconsin.'
                                                      Nice try, we've already sold you to China on layaway.
                                                      LinkSpun - Premier Adult Link Trading Community - ICQ - 464/\281/\250
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                                                        Comment

                                                        • Loch
                                                          Confirmed User
                                                          • Feb 2002
                                                          • 7674
                                                          #15
                                                          i lost almost 1k today becourse of the shitty rates
                                                          Right now im so fucking glad that i started charging our Canadian clients in canadian $$$

                                                          Contact us for Beta store access (4000 HD/SD productions) - Editing - Encoding/Post production
                                                          ICQ - 277 862 930 E-mail casper /@/ cool-content.com

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