good news for the cdn dollar - GoFuckYourself.com

FlyingIguana · 07-03-2003, 09:10 PM

interest rates in canada should be dropping which means a weaker dollar. they jumped the gun on the interest rate hikes and it bit them in the ass.

notjoe · 07-03-2003, 09:11 PM

Quote:

Originally posted by FlyingIguana
interest rates in canada should be dropping which means a weaker dollar. they jumped the gun on the interest rate hikes and it bit them in the ass.

That's music to my ears!

chowda · 07-03-2003, 09:21 PM

Quote:

Originally posted by FlyingIguana
interest rates in canada should be dropping which means a weaker dollar. they jumped the gun on the interest rate hikes and it bit them in the ass.

ok, im slow.. so tell me where i go wrong with this thought process

interest goes down, ppl spend more, ask for more CAD, increase demand, increase price due to supply..

notjoe · 07-03-2003, 09:36 PM

Quote:

Originally posted by chowda

ok, im slow.. so tell me where i go wrong with this thought process

interest goes down, ppl spend more, ask for more CAD, increase demand, increase price due to supply..

Higher interest rate means less investment into the country, which means our dollar is worth less.

I could be wrong on this but this is how i think it works. Talk to and investment banker if you want the full details of it from a reliable source

FlyingIguana · 07-03-2003, 09:39 PM

Quote:

Originally posted by notjoe

Higher interest rate means less investment into the country, which means our dollar is worth less.

I could be wrong on this but this is how i think it works. Talk to and investment banker if you want the full details of it from a reliable source

thats the main reason. the american economy may also outpace canada in the 2nd half. that should help weaken our currency. which would be great because we need exports to pick up. plus i wanna make more money

notjoe · 07-03-2003, 09:42 PM

Quote:

Originally posted by FlyingIguana

thats the main reason. the american economy may also outpace canada in the 2nd half. that should help weaken our currency. which would be great because we need exports to pick up. plus i wanna make more money

For me it isnt so much about making money as it is about losing money. the 10% increase in our dollar means i now have 10% less money saved (since it is all kept in USD) and converted on a AS NEEDED basis.

How i long for those days where i could convert 1 USD for 1.50-1.60 CDN.

As for the american Econ., i dont know about that.. they just reported their highest unemployment rate in about 9 years... that doesnt look too good for them right now

LadyMischief · 07-03-2003, 09:45 PM

Mmm this thread makes me feel warm and fuzzy inside.. Fuck, it may save our entire town from extinction..but we'll see ;)

Strife · 07-03-2003, 10:09 PM

that's great news!

07-03-2003, 09:10 PM	#1
FlyingIguana aspiring banker Join Date: Mar 2002 Location: toronto Posts: 10,870	good news for the cdn dollar interest rates in canada should be dropping which means a weaker dollar. they jumped the gun on the interest rate hikes and it bit them in the ass.

07-03-2003, 09:45 PM	#7
LadyMischief Orgasms N Such! Industry Role: Join Date: Sep 2002 Location: Oakville, Ontario Posts: 18,135	Mmm this thread makes me feel warm and fuzzy inside.. Fuck, it may save our entire town from extinction..but we'll see ;) __________________ ICQ 3522039 Content Manager - orgasm.com [email protected]

07-03-2003, 10:09 PM	#8
Strife Confirmed User Join Date: Aug 2001 Location: Canada Posts: 4,534	that's great news! __________________ Buy & Sell Ads on The Most Sexy Advertising Network on the Planet