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Old 11-02-2004, 06:30 PM   #1
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:mad My fingers a crossed, let's stop this nonsense...

1.00 USD United States Dollars = 1.22567 CAD Canada Dollars
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Old 11-02-2004, 06:31 PM   #2
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I'm with ya
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Old 11-02-2004, 06:32 PM   #3
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Originally posted by JMan
1.00 USD United States Dollars = 1.22567 CAD Canada Dollars
Wow, has it gotten that bad?

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Old 11-02-2004, 06:32 PM   #4
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It was worse dude. I exchanged some at 1.19 not too long ago.

SICKENING
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Old 11-02-2004, 06:33 PM   #5
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Can you imagine the day $1.00 CAD = $1.22 USD

Geesh...the joke will be on us!
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Old 11-02-2004, 06:34 PM   #6
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Our only hope is that the kerry people will implement some similar economic policies as clinton did when he took office.

The US is going bankrupt right now
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Old 11-02-2004, 06:34 PM   #7
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Quote:
Originally posted by APN Philip
Can you imagine the day $1.00 CAD = $1.22 USD

Geesh...the joke will be on us!
Like back in early 70's ;-)
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Old 11-02-2004, 06:36 PM   #8
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Originally posted by Jay[neX]
Our only hope is that the kerry people will implement some similar economic policies as clinton did when he took office.

The US is going bankrupt right now
Yes let's hope Kerry has another technology bubble in his back pocket.
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Old 11-02-2004, 06:38 PM   #9
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1.202 at Royal Bank on Monday. I'm ready to cry.
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Old 11-02-2004, 06:39 PM   #10
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If kerry wins it will get better...
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Old 11-02-2004, 06:39 PM   #11
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Quote:
Originally posted by WarChild
Yes let's hope Kerry has another technology bubble in his back pocket.

read this: http://www.ed.gov/PressReleases/08-2000/wh-0805.html


Everyone thinks that that only reason clinton did good is cause he was lucky enough to be president during the tech bubble... But as this page shows, that's not the only reason things went good.
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Old 11-02-2004, 06:40 PM   #12
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Bah, as long as you keep it in a US account all will be fine sooner or later. And a buck is still worth a buck, when it's not, then i will worry!
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Old 11-02-2004, 06:40 PM   #13
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Quote:
Originally posted by APN Philip
Can you imagine the day $1.00 CAD = $1.22 USD

Geesh...the joke will be on us!
vote for bush today and lin about a month or so that will be true
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Old 11-02-2004, 06:40 PM   #14
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If kerry wins it will get better...
Not until he's in office and showing he's not gonna keep spending like an idiot
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Old 11-02-2004, 06:41 PM   #15
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Originally posted by JMan
1.00 USD United States Dollars = 1.22567 CAD Canada Dollars
Thats if ur buying the US Dollar


when i cash my checks they gave me around 1.2 last time i did it
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Old 11-02-2004, 06:45 PM   #16
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vote for bush today and lin about a month or so that will be true
I heard they say the way us economy is going now in 16 month it's going to be 1=1 ;-)

I can start paying everyone in canadian$$$
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Old 11-02-2004, 06:47 PM   #17
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even if kerry wins , its not like the rates are going to magically jump up it will take a long time for recovery process .
It might go up few like 1.3 if we are lucky
Should go up after the elections regardless ..
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Old 11-02-2004, 06:51 PM   #18
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Quote:
Originally posted by Jay[neX]
Our only hope is that the kerry people will implement some similar economic policies as clinton did when he took office.

The US is going bankrupt right now
True, who wants to invest in the US now ???
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Old 11-02-2004, 06:53 PM   #19
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WebGurl I would take a 1.3 Anyday compare to this bullshit.
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Old 11-02-2004, 06:54 PM   #20
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WebGurl I would take a 1.3 Anyday compare to this bullshit.
me too , ooooh trust me i hear yah buddy
Its totally rediculous
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Old 11-02-2004, 06:54 PM   #21
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Yea ... that's so fucking sad
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Old 11-02-2004, 06:55 PM   #22
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yeah, it's kinda depressing... I xchanged at 1.20 last week

http://finance.yahoo.com/q/bc?s=USDC...=on&z=l&q=l&c=
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Old 11-02-2004, 06:56 PM   #23
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I've got a bunch of cheques I dont want to cash.. I'm just waiting for any sign of improvement.
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Old 11-02-2004, 06:57 PM   #24
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if you can , hold on to your $$ until atleast next week .
I calculated that I will be safe with my CND funds until X-Mas
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Old 11-02-2004, 06:58 PM   #25
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I've got a bunch of cheques I dont want to cash.. I'm just waiting for any sign of improvement.
Keep your money in a USD account until you find a good time to cash them.

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Old 11-02-2004, 06:58 PM   #26
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whats going to happen next week?
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Old 11-02-2004, 06:59 PM   #27
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IM glad I get paid in Euros.
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Old 11-02-2004, 07:01 PM   #28
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Is it the canadian dollar thats getting better, or the american dollar thats going down the toilet?

I know the oil prices are affecting the canadian dollar, but I also know that the US deficit and their job less/medical loss must have an impact on their economy.

Anybody know?
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Old 11-02-2004, 07:03 PM   #29
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Keep your money in a USD account until you find a good time to cash them.

WG
I am safe , but unfortunetley alot of peeps who rely solely on this business
making US funds to survive cannot let their money sit in US account until a "good time" even with a shit
rate you gotta do what you gotta do
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Old 11-02-2004, 07:05 PM   #30
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Quote:
Originally posted by sean416
Is it the canadian dollar thats getting better, or the american dollar thats going down the toilet?


Anybody know?
yeah its a combo of both . Canadian Dollar is stable and the American Dollar is getting weak
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Old 11-02-2004, 07:06 PM   #31
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:mad

Quote:
Originally posted by sean416
Is it the canadian dollar thats getting better, or the american dollar thats going down the toilet?

I know the oil prices are affecting the canadian dollar, but I also know that the US deficit and their job less/medical loss must have an impact on their economy.

Anybody know?
the Canadian dollar is stable ... it's the U.S. dollar who's dropping ...
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Old 11-02-2004, 07:16 PM   #32
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Quote:
Originally posted by sean416
Is it the canadian dollar thats getting better, or the american dollar thats going down the toilet?

I know the oil prices are affecting the canadian dollar, but I also know that the US deficit and their job less/medical loss must have an impact on their economy.

Anybody know?
Actually, the CAD is getting stronger against multiple currencies.

The big part of the drop in exchange rate is due to the US going bankrupt in the near future, and the difference in interest rates.

Canada is the ONLY G8 country that posted 7 CONSECUTIVE surpluses. They cut taxes by 100 billions in the past 7 years, and we still manage huge surpluses every year.

Canada also reduced its Debt by more than 60 billion dollars in the past 7 years (current deficit is 502 billions, so they reduced it by more than 10%)

Compare this with the US budget: http://www.academycomputerservice.co...ics/charts.htm (bottom of the page)
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Last edited by Jay_StandAhead; 11-02-2004 at 07:20 PM..
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Old 11-02-2004, 07:32 PM   #33
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Quote:
Originally posted by Jay[neX]

The big part of the drop in exchange rate is due to the US going bankrupt in the near future, and the difference in interest rates.

well i wouldn't go so far in saying they will be going bankrupt in the near future . In the future perhaps but not near .
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Old 11-02-2004, 07:39 PM   #34
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well i wouldn't go so far in saying they will be going bankrupt in the near future . In the future perhaps but not near .
near future means 5-10 years. In the life of a country, 5-10 years is pretty near!!

anyways, let's hope that this won't come true.
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