Canadaian dollar still falling! (almost 1.4 now)

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  • michaelw
    Confirmed User
    • May 2002
    • 1342

    #1

    Canadaian dollar still falling! (almost 1.4 now)



    whohoo

    latest (Jul 17)
    1.3973

    http://www.x-rates.com/d/CAD/USD/graph120.html
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  • Strife
    Confirmed User
    • Aug 2001
    • 4534

    #2
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    • TheGuyWhoKnows
      Confirmed User
      • Feb 2003
      • 160

      #3
      good news...
      ******


      ICQ: 663-073-144

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      • Daymare
        Confirmed User
        • Feb 2002
        • 2674

        #4
        very good news

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        • ronaldo
          Confirmed User
          • Jan 2002
          • 5475

          #5
          It was only a matter of time.

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          • Ramster
            Confirmed User
            • Jul 2002
            • 1447

            #6
            Good News
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            • enzo
              Confirmed User
              • Jul 2002
              • 203

              #7
              let's hope it gets down to 60

              Comment

              • Dirty F
                Too lazy to set a custom title
                • Jul 2001
                • 59204

                #8
                The euro needs to go down...and quick.

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                • LadyMischief
                  Orgasms N Such!
                  • Sep 2002
                  • 18135

                  #9
                  That's music to my ears!!!!

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                  • wargames
                    Kliris
                    • May 2003
                    • 10423

                    #10
                    Sweet
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                    • sherie
                      Confirmed User
                      • Feb 2002
                      • 7020

                      #11
                      xxxcellent!
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                      • ronaldo
                        Confirmed User
                        • Jan 2002
                        • 5475

                        #12
                        Originally posted by enzo
                        let's hope it gets down to 60
                        First hardon of the day came from that thought.

                        Comment

                        • 49thParallel
                          So Fucking Banned
                          • Jul 2002
                          • 1197

                          #13
                          Actually, the CDN dollar value is rising, not falling. The chart you posted shows the cost in Canadian $ to purchase one US$. So, compared to the US$, the CDN$ is getting stronger.

                          Edit: O.K., perhaps I stand corrected. Relative to the activity over the entire period shown in the chart, the CDN$ was rising. But relative to the last couple of weeks, you are right, the dollar is dropping again.
                          Last edited by 49thParallel; 07-18-2003, 10:00 AM.

                          Comment

                          • Socks
                            Confirmed User
                            • May 2002
                            • 8475

                            #14
                            Yeah I was thinking that chart didn't make any sense

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                            • AC fred
                              Confirmed User
                              • Jul 2002
                              • 1589

                              #15
                              Go down go! GO down GO !!!!

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                              • SABAI
                                Confirmed User
                                • Jan 2001
                                • 2880

                                #16
                                very bad news i cash all my checks in toronto

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                                • gigi
                                  Confirmed User
                                  • Apr 2001
                                  • 691

                                  #17
                                  Originally posted by SABAI
                                  very bad news i cash all my checks in toronto
                                  that would be good news Sabai....for every $1US Canadians will get more Canadian$. ie: if the dollar is worth .75cents US today, and tomorrow it drops to .70cents US....you will get an extra .5cents on every US dollar you cash. ;)
                                  eMail
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                                  • KCat
                                    Confirmed User
                                    • Sep 2002
                                    • 2204

                                    #18
                                    Keep going down, baby! I *really* need to pull some money out of my US account & I hate getting fucked on the conversion. Last winter was so nice...


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                                    • L0stMind
                                      Confirmed User
                                      • Sep 2002
                                      • 1681

                                      #19
                                      ahhahaha, please please please hit $0.60!!!

                                      I would make sooo much money if that happened... I have tons of US cash in the bank I should have withdrawn 6-8 months ago... If I take it out at 1.34 I would lose sooo much :|

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                                      • teenjump
                                        So Fucking Banned
                                        • Jul 2003
                                        • 1595

                                        #20
                                        Oh man. It was at a HUGE high at .72 not too long ago.

                                        Our economy is falling apart.
                                        But I have to admit the interest lately is good. Bank rates are down... where is all this fucking money coming from!?!?!?!

                                        Comment

                                        • L0stMind
                                          Confirmed User
                                          • Sep 2002
                                          • 1681

                                          #21
                                          Well, the mortgage rates rock

                                          I am at under 5% (cant remember if it is 4.8 or 4.9) for 5 years. My mortgage payments are insanely small. I pay 20% extra every week and barely even notice the cash come out of my account..

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                                          • teenjump
                                            So Fucking Banned
                                            • Jul 2003
                                            • 1595

                                            #22
                                            L0st
                                            That's what I mean. I don't understand how the banks are swimming in money while the job market is at 30 year low?

                                            Comment

                                            • FlyingIguana
                                              aspiring banker
                                              • Mar 2002
                                              • 10870

                                              #23
                                              Originally posted by ronaldo
                                              It was only a matter of time.
                                              its more luck than anything. dropped quicker than it otherwise would. i'm not complaining tho, hope it drops more.

                                              Comment

                                              • L0stMind
                                                Confirmed User
                                                • Sep 2002
                                                • 1681

                                                #24
                                                I'd say banks are swimming in money cuz I pay $15 per month for my account, plus $4.50 everytime I use my debit card at an abm plus $0.50 per debit card transaction...

                                                for my business, we send out wires every week, I pay between $25-125 per wire (depends on amount of money wired)...

                                                The banks rake in HUGE money that way

                                                As for why the interest rates are so low? I'd say they are trying to stimulate the economy (easier access to cheaper capital = more startups).

                                                All I care about it the exchange rate tho...

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                                                • michaelw
                                                  Confirmed User
                                                  • May 2002
                                                  • 1342

                                                  #25
                                                  holy fuck.. seems to be shooting up now

                                                  latest (Jul 18)
                                                  1.4114

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                                                  • chowda
                                                    Confirmed User
                                                    • Jun 2003
                                                    • 9527

                                                    #26
                                                    that sucks
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                                                    • FlyingIguana
                                                      aspiring banker
                                                      • Mar 2002
                                                      • 10870

                                                      #27
                                                      Originally posted by L0stMind
                                                      I'd say banks are swimming in money cuz I pay $15 per month for my account, plus $4.50 everytime I use my debit card at an abm plus $0.50 per debit card transaction...

                                                      for my business, we send out wires every week, I pay between $25-125 per wire (depends on amount of money wired)...

                                                      The banks rake in HUGE money that way

                                                      As for why the interest rates are so low? I'd say they are trying to stimulate the economy (easier access to cheaper capital = more startups).

                                                      All I care about it the exchange rate tho...
                                                      i'd be looking for a new bank

                                                      Comment

                                                      • thekebie
                                                        Confirmed User
                                                        • Jun 2003
                                                        • 1046

                                                        #28
                                                        THANK FUCKING GOD.

                                                        I was getting raped up the ass for an extra 15% when I would go cash my checks. If I didn't live check to check I would have just left it in my american account when it sky rocketed.

                                                        Comment

                                                        • L0stMind
                                                          Confirmed User
                                                          • Sep 2002
                                                          • 1681

                                                          #29
                                                          Originally posted by FlyingIguana


                                                          i'd be looking for a new bank
                                                          I use BMO, HSBC and Royal Bank. All three cost pretty much the same for everything. Got any other recomendations?

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                                                          • buddyjuf

                                                            #30
                                                            excellent

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                                                            • quiet
                                                              we'll miss you our friend. RIP
                                                              • Sep 2001
                                                              • 25115

                                                              #31
                                                              Originally posted by L0stMind
                                                              I'd say banks are swimming in money cuz I pay $15 per month for my account, plus $4.50 everytime I use my debit card at an abm plus $0.50 per debit card transaction...

                                                              for my business, we send out wires every week, I pay between $25-125 per wire (depends on amount of money wired)...

                                                              The banks rake in HUGE money that way

                                                              As for why the interest rates are so low? I'd say they are trying to stimulate the economy (easier access to cheaper capital = more startups).

                                                              All I care about it the exchange rate tho...
                                                              wtf? i'm in Canada (b of montreal) and i don't have any fees due to my balance.

                                                              i'd look for a new bank.
                                                              we'll miss you our friend. RIP

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                                                              • MetaMan
                                                                I AM WEB 2.0
                                                                • Jan 2003
                                                                • 28682

                                                                #32
                                                                canadian dollar is worth more now u dum asses.

                                                                Comment

                                                                • L0stMind
                                                                  Confirmed User
                                                                  • Sep 2002
                                                                  • 1681

                                                                  #33
                                                                  Originally posted by quiet


                                                                  wtf? i'm in Canada (b of montreal) and i don't have any fees due to my balance.

                                                                  i'd look for a new bank.
                                                                  Due to your balance? My personal account has quite a high balance imo and I still pay all sorts of fees. Of course, I havent complained or anything yet, I just figured everyone pays fees for using abm's and shit?

                                                                  Hell, I even get charged if I go to the bank in person to take out cash...

                                                                  My business accounts have insane balances as well (I should invest some of the money but I havent yet) and I still pay mad fees. seriously, last month my interest and bank fees expense account had a balance of $1200 for the month. Nearly all of the fees were for the 40 or so wires I sent out tho.

                                                                  Personally, I gotta pay at least $50 bucks a month, prolly more when you add the base account fees on to it and all.

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                                                                  • FlyingIguana
                                                                    aspiring banker
                                                                    • Mar 2002
                                                                    • 10870

                                                                    #34
                                                                    Originally posted by L0stMind


                                                                    I use BMO, HSBC and Royal Bank. All three cost pretty much the same for everything. Got any other recomendations?
                                                                    go with scotiabank. i pay like 5 bux a month for 50 transactions. i use mainly a visa card anyways so i'm always under 50. i don't pay anything extra for atm's.

                                                                    Comment

                                                                    • FlyingIguana
                                                                      aspiring banker
                                                                      • Mar 2002
                                                                      • 10870

                                                                      #35
                                                                      Originally posted by MetaMan
                                                                      canadian dollar is worth more now u dum asses.
                                                                      the canadian dollar has dropped relative to the american dollar...

                                                                      Comment

                                                                      • BlackCrayon
                                                                        Too lazy to set a custom title
                                                                        • Jun 2003
                                                                        • 19634

                                                                        #36
                                                                        Originally posted by L0stMind


                                                                        Due to your balance? My personal account has quite a high balance imo and I still pay all sorts of fees. Of course, I havent complained or anything yet, I just figured everyone pays fees for using abm's and shit?

                                                                        Hell, I even get charged if I go to the bank in person to take out cash...

                                                                        My business accounts have insane balances as well (I should invest some of the money but I havent yet) and I still pay mad fees. seriously, last month my interest and bank fees expense account had a balance of $1200 for the month. Nearly all of the fees were for the 40 or so wires I sent out tho.

                                                                        Personally, I gotta pay at least $50 bucks a month, prolly more when you add the base account fees on to it and all.
                                                                        talk to your bank and find out the different account options, most banks have various plans to suit different needs of ppl. there is no way in hell you should have to pay 50 bucks a month in fees. thats crazy. like for example, im with TD, i get all my US checks converted for free, unlimited use of ATM machines, no cost to deposit and withdraw money for like 10 bucks a month.
                                                                        you don't know you're wearing a leash if you sit by the peg all day..

                                                                        Comment

                                                                        • CDSmith
                                                                          Too lazy to set a custom title
                                                                          • May 2001
                                                                          • 51460

                                                                          #37
                                                                          Interesting that the very thing I predicted and talked about in this thread:
                                                                          http://board.gofuckyourself.com/show...e+AND+Canadian

                                                                          Is now coming to pass.


                                                                          Also interesting to go back and read the posts of those who chose to fucking argue with me about it.



                                                                          Anyone who listened to me back then, who kept some funds in their US account, will be very happy that they waited to exchange their US money. Last week my bank was paying $1.32 Cdn on the US dollar. Today they are paying $1.39, hopefully on one of these upswings the value will rise back into the $1.45 range (and settle there).
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                                                                          • Project-Shadow
                                                                            Confirmed User
                                                                            • Feb 2003
                                                                            • 7340

                                                                            #38



                                                                            I like this one
                                                                            I have to spend 13 cents less per pound now...

                                                                            Me thinks now is the time to cash in the cheques and convert paypal $$$'s into £££'s ^^

                                                                            Comment

                                                                            • archer
                                                                              Confirmed User
                                                                              • Jul 2002
                                                                              • 1721

                                                                              #39
                                                                              quote:
                                                                              --------------------------------------------------------------------------------
                                                                              Originally posted by enzo
                                                                              let's hope it gets down to 60
                                                                              --------------------------------------------------------------------------------


                                                                              First hardon of the day came from that thought.



                                                                              ______________


                                                                              ALRIGHT! finally some GOOD news!

                                                                              let's get down on our knees and pray that the governor of the Bank of Canada lowers rates some more!

                                                                              3 cheers for the 60 cent dollar!
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                                                                              • michaelw
                                                                                Confirmed User
                                                                                • May 2002
                                                                                • 1342

                                                                                #40
                                                                                latest (Jul 18)
                                                                                1.4114

                                                                                dollar has passed 1.41
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                                                                                • FlyingIguana
                                                                                  aspiring banker
                                                                                  • Mar 2002
                                                                                  • 10870

                                                                                  #41
                                                                                  Originally posted by CDSmith
                                                                                  Interesting that the very thing I predicted and talked about in this thread:
                                                                                  http://board.gofuckyourself.com/show...e+AND+Canadian

                                                                                  Is now coming to pass.


                                                                                  Also interesting to go back and read the posts of those who chose to fucking argue with me about it.



                                                                                  Anyone who listened to me back then, who kept some funds in their US account, will be very happy that they waited to exchange their US money. Last week my bank was paying $1.32 Cdn on the US dollar. Today they are paying $1.39, hopefully on one of these upswings the value will rise back into the $1.45 range (and settle there).
                                                                                  again its luck, without sars and mad cow growth numbers would not have been revised leading to all this. we won't see the dollar drop to where it was before unless there are some big changes, the greenback was overvalued.

                                                                                  rates should drop more before the year is out and that could push the dollar up to the 1.45 range. but if the american economy doesn't show improvement it may not. i would be shocked if we got back to the 1.5+ range we were at.

                                                                                  Comment

                                                                                  • SABAI
                                                                                    Confirmed User
                                                                                    • Jan 2001
                                                                                    • 2880

                                                                                    #42
                                                                                    Originally posted by gigi


                                                                                    that would be good news Sabai....for every $1US Canadians will get more Canadian$. ie: if the dollar is worth .75cents US today, and tomorrow it drops to .70cents US....you will get an extra .5cents on every US dollar you cash. ;)

                                                                                    yep but i use the money in france and thailand, so the change vs euro and usd is shit !

                                                                                    Comment

                                                                                    • LadyMischief
                                                                                      Orgasms N Such!
                                                                                      • Sep 2002
                                                                                      • 18135

                                                                                      #43
                                                                                      I'm glad we sat on our US money.

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                                                                                      • SABAI
                                                                                        Confirmed User
                                                                                        • Jan 2001
                                                                                        • 2880

                                                                                        #44
                                                                                        Originally posted by L0stMind


                                                                                        I use BMO, HSBC and Royal Bank. All three cost pretty much the same for everything. Got any other recomendations?

                                                                                        canada trust, free account, interests every months, 2 free atm withdrawal a month and only 3$ per withdrawal after that

                                                                                        its a "companion saving account"

                                                                                        Comment

                                                                                        • FlyingIguana
                                                                                          aspiring banker
                                                                                          • Mar 2002
                                                                                          • 10870

                                                                                          #45
                                                                                          Originally posted by michaelw
                                                                                          latest (Jul 18)
                                                                                          1.4114

                                                                                          dollar has passed 1.41
                                                                                          you're looking at the wrong rate, its under 1.4. its over 1.4 if you're buying american but under 1.4 if selling american

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