Canadian dollar up like a mofo this morning - GoFuckYourself.com

Jay_StandAhead · 10-25-2004, 03:39 AM

as of 6:12 am, it's up 1.05 cents (1.30%)

http://finance.yahoo.com/q?s=%5ECCD

cool1 · 10-25-2004, 03:48 AM

Pretty soon a dollar will be worth a dollar

UniqueMovies · 10-25-2004, 04:48 AM

Its pissing me off!

I remember when $2,000 USD was worth 3,000 CAD.

Now its worth $2,442.00 CAD

psyko514 · 10-25-2004, 04:54 AM

goddamnit.

i'm just gonna go back and work for the bank if it stays like this.

Muff · 10-25-2004, 04:59 AM

Looks like it's gaining back some points it lost last night. I think once the elections over we might since a stronger USD.

BrainClaude · 10-25-2004, 05:02 AM

He Jay...

whazzzup.....better sell Euro now

Ciao

sacX · 10-25-2004, 05:06 AM

doesn't help when the US government is essentially short the USD :/

Muff · 10-25-2004, 05:09 AM

Quote:

Originally posted by sacX
doesn't help when the US government is essentially short the USD :/

Exactly. From what I understand. The further they push the dollar down the easier it will be to pay back the deficit.

wyldblyss · 10-25-2004, 05:42 AM

Damnit! I really miss the good old days when a U.S. dollar gave you $1.50 Canadian.

nikcho · 10-25-2004, 05:53 AM

Guys, I am not sure if you remember 13 years ago with the first Iraq war:

DEM/USD = 1.42 (DEM = Deutsche Mark for the US folks)
DEM/EUR is fixed at 1.955

so, back then 1 EUR = 1.38 USD

Right now 1 EUR = 1.26 USD if I am not mistraken.

Given the political and the economic situation in the US, there is still plenty of room for the USD to go down. Not good for EU and Canada exports but much cheaper for tourists to USA :-)

Peace!

sacX · 10-25-2004, 05:59 AM

If you look at 2005 budget and future budgets for the US, there's no decrease in spending, the only plan to reduce the deficit is to get more tax receipts, and those forecasts were made when the economy was chugging along a lot better than it is now...

So with the budget deficit fucked and the trade deficit getting worse, I think there's only pain for USD holders in the near term (at least 18months)

Ramster · 10-25-2004, 06:21 AM

This dollar shit is a fuckin' killer.

Spunky · 10-25-2004, 06:24 AM

skillfull · 10-25-2004, 07:20 AM

TheLegacy · 10-25-2004, 07:23 AM

Being in toronto and getting paid in american funds is getting sick. People stop having confidence in Canada LOL

quiet · 10-25-2004, 07:26 AM

it's getting ridiculous. everyone getting paid in USD in Canada are getting a HUGE paycut courtesy of the exchange rate.

stocktrader23 · 10-25-2004, 07:31 AM

Quote:

Originally posted by Muff

Looks like it's gaining back some points it lost last night. I think once the elections over we might since a stronger USD.

The timeframe on your chart is worthless. The currency moves that much several times per day, every day. Here's what it really looks like.

Fizzgig · 10-25-2004, 07:35 AM

Quote:

Originally posted by quiet
it's getting ridiculous. everyone getting paid in USD in Canada are getting a HUGE paycut courtesy of the exchange rate.

So true. So sad

directfiesta · 10-25-2004, 07:41 AM

Quote:

Originally posted by Muff
Exactly. From what I understand. The further they push the dollar down the easier it will be to pay back the deficit.

Wrong, it is worse.

Example:

Let's say the US owes 100 Euros.

At today's rates, the US wpuld need 127.706 USD to repay.

If the US dollar goes lower ( looses value), it would take more$$$ to obtain the same amount in Euros ( ie 135.00US$ to repay 100 Euros ).

You can also look at the fact that the percentage of US production to repay the debts would grow ( needing more) to repay that fixed amount.

Many economists forecast i, in the case of the Canadian dolar, par in about 18 months.
This because the Can$ is also very strong ( winning value also against the Euro ...).

Back to selling ....

sacX · 10-25-2004, 08:31 AM

Quote:

Originally posted by quiet
it's getting ridiculous. everyone getting paid in USD in Canada are getting a HUGE paycut courtesy of the exchange rate.

don't forget europe, australia, new zealand... pretty much everywhere.

sacX · 10-25-2004, 08:33 AM

Quote:

Originally posted by directfiesta
Wrong, it is worse.

Example:

Let's say the US owes 100 Euros.

At today's rates, the US wpuld need 127.706 USD to repay.

If the US dollar goes lower ( looses value), it would take more$$$ to obtain the same amount in Euros ( ie 135.00US$ to repay 100 Euros ).

You can also look at the fact that the percentage of US production to repay the debts would grow ( needing more) to repay that fixed amount.

Many economists forecast i, in the case of the Canadian dolar, par in about 18 months.
This because the Can$ is also very strong ( winning value also against the Euro ...).

Back to selling ....

The US government doesn't borrow in euros, it issues USD debt, so your example doesn't fit.

Jman · 10-25-2004, 08:34 AM

Thanks George W Bush and your wonderfull team of assclowns

fris · 10-25-2004, 08:36 AM

suck my fucking cock george w bush!

Muff · 10-25-2004, 08:56 AM

Quote:

Originally posted by directfiesta
Wrong, it is worse.

Example:

Let's say the US owes 100 Euros.

At today's rates, the US wpuld need 127.706 USD to repay.

If the US dollar goes lower ( looses value), it would take more$$$ to obtain the same amount in Euros ( ie 135.00US$ to repay 100 Euros ).

You can also look at the fact that the percentage of US production to repay the debts would grow ( needing more) to repay that fixed amount.

Many economists forecast i, in the case of the Canadian dolar, par in about 18 months.
This because the Can$ is also very strong ( winning value also against the Euro ...).

Back to selling ....

They borrowed something highly valuable and now they will pay it back when its value has droped.

So basically they profited the difference in value. Like selling a stock short and buying to cover.

VeriSexy · 10-25-2004, 09:01 AM

Quote:

Originally posted by directfiesta
Wrong, it is worse.

Example:

Let's say the US owes 100 Euros.

At today's rates, the US wpuld need 127.706 USD to repay.

If the US dollar goes lower ( looses value), it would take more$$$ to obtain the same amount in Euros ( ie 135.00US$ to repay 100 Euros ).

You can also look at the fact that the percentage of US production to repay the debts would grow ( needing more) to repay that fixed amount.

Many economists forecast i, in the case of the Canadian dolar, par in about 18 months.
This because the Can$ is also very strong ( winning value also against the Euro ...).

Back to selling ....

Well, money is nothing but paper and ink. They can print money like crazy to pay it all off

Only problem is the US dollar will go to hell.

Phoenix · 10-25-2004, 09:05 AM

this is not just Goerge bush we can thank for this.

Reagans imperial spending circles are now coming home to roost.

If it dips lower then a dollar im moving to the states, or maybe somewhere warm where i can get more then 1

{fusion} · 10-25-2004, 09:05 AM

what currency do you recommend to buy atm?

Bomber8888 · 10-25-2004, 09:08 AM

It's fucking depressing..... Bush needs to go.. the U.S need a new change and direction.....

directfiesta · 10-25-2004, 09:25 AM

Quote:

Originally posted by sacX
The US government doesn't borrow in euros, it issues USD debt, so your example doesn't fit.

True... lol

Germany is begging the US to borrow 100 $US today, knowing that in 5 years it will be worth much less....

The Japanese also ....

murray_dawg · 10-25-2004, 09:30 AM

Sponsors, start paying me in CDN! lol

webgurl · 10-25-2004, 10:40 AM

oh MFG

i am going to vomit , really bad ! I just got back from US and now i have quite a bit of $$$ to transfer .
Bad News

murray_dawg · 10-25-2004, 10:41 AM

COMMON baby hit 82 cents
whooza daddy

Supercharged · 10-25-2004, 11:16 AM

on Jan 1, the industry as a whole should flip over to the Euro :o)

It has nothing to do with confidence in Canada, the CDN dollar value to the USD is just a calculation against other major currencies. USA is devalueing its dollar for a bunch of reasons, none of which include Canada.

sacX · 10-25-2004, 11:20 AM

Quote:

Originally posted by directfiesta
True... lol

Germany is begging the US to borrow 100 $US today, knowing that in 5 years it will be worth much less....

The Japanese also ....

Actually China has huge reserves of USD they don't sell it, so as to keep the Yuan relatively weak.
They don't mind taking the falling dollar as it helps there economy chugging along, but if there comes a time when China decides it wants to dump dollars.. then we're all fucked.

Irrum · 10-25-2004, 11:27 AM

Quote:

Originally posted by Ramster
This dollar shit is a fuckin' killer.

I agree

Strife · 10-25-2004, 11:37 AM

Man..this really fucking blows...wish I had exchanged all my USD to CDN back when the US dollar was worth $1.60 CDN...

davidd · 10-25-2004, 11:39 AM

Quote:

Originally posted by stocktrader23
The timeframe on your chart is worthless. The currency moves that much several times per day, every day. Here's what it really looks like.

I see you too trade pips

O & A graph at its finest.

Vitasoy · 10-25-2004, 11:39 AM

Good thing, I did some exchanging yesterday via ATM. Still blows though

xclusive · 10-25-2004, 11:43 AM

That ain't shit for me the american dollar is only worth 100 pennies...

sperbonzo · 10-25-2004, 11:44 AM

Quote:

Originally posted by Bomber8888
It's fucking depressing..... Bush needs to go.. the U.S need a new change and direction.....

Why? The weak dollar is GREAT for the US economy. This makes our exports cheaper, and our businesses more attractive to foreign investment. The only way that the weak dollar hurts the US economy is that goods that we MUST buy in other currancies (not oil), are more expensive. The strong Euro, for example, is the reason why European exports are so down, and unemployment in big exporters like France and Germany is TWICE what it is in the US.

xxxdesign-net · 10-25-2004, 11:49 AM

Democrats are more protectionist than republicans.. which isnt good for the Canadian economy but will help lowering the canadian dollar...

A Bush win will give the US $ an instant boost.. but will not last long.. Expect the can $ hitting $0.85 fairly soon...

CybermedAndy · 10-25-2004, 12:01 PM

sacX · 10-25-2004, 12:09 PM

Quote:

Originally posted by xxxdesign-net
Democrats are more protectionist than republicans.. which isnt good for the Canadian economy but will help lowering the canadian dollar...

A Bush win will give the US $ an instant boost.. but will not last long.. Expect the can $ hitting $0.85 fairly soon...

A Bush win won't give the dollar a boost... perhaps if he had no track record and was coming in as a fresh republican candidate.
Murdering of the budget surplus speaks much more than false promises of fiscal restraint.

Plus his budget is already out, there aren't any cuts in spending in it, cutting the deficit depends purely on increased tax receipts.

Bush also isn't that big a friend to free trade, he changed his mind a few times over steel tariffs until his hand was forced by the WTO..

Dagwolf · 10-25-2004, 12:22 PM

Quote:

Originally posted by quiet
it's getting ridiculous. everyone getting paid in USD in Canada are getting a HUGE paycut courtesy of the exchange rate.

Not at all.

The Canadian dollar doesn't buy as much as the U.S. dollar and hasn't for a long time, if ever.

When the exchange rate was 1:1.5 it was actually pretty much equal... You could buy the same amount of stuff for $1 US or $1.50 Canadian.

This hurts a lot.

quiet · 10-25-2004, 12:23 PM

Quote:

Originally posted by Dagwolf
Not at all.

The Canadian dollar doesn't buy as much as the U.S. dollar and hasn't for a long time, if ever.

When the exchange rate was 1:1.5 it was actually pretty much equal... You could buy the same amount of stuff for $1 US or $1.50 Canadian.

This hurts a lot.

exactly what the fuck are you smoking?

xxxdesign-net · 10-25-2004, 12:40 PM

Quote:

Originally posted by sacX
A Bush win won't give the dollar a boost... perhaps if he had no track record and was coming in as a fresh republican candidate.
Murdering of the budget surplus speaks much more than false promises of fiscal restraint.

Plus his budget is already out, there aren't any cuts in spending in it, cutting the deficit depends purely on increased tax receipts.

Bush also isn't that big a friend to free trade, he changed his mind a few times over steel tariffs until his hand was forced by the WTO..

Financial markets are pro Bush which should give the US $ a brief boost if he is elected...

sacX · 10-25-2004, 12:49 PM

Quote:

Originally posted by xxxdesign-net
Financial markets are pro Bush which should give the US $ a brief boost if he is elected...

Well I disagree, but I could see you argue US finanical markets may be pro-Bush, but the dollar is traded on global markets who aren't..

I think finanicial markets are fairly ambivalent they're more worried about confusion on November 2, rather than who wins..

But I guess we'll see what happens

Gynecologist · 10-25-2004, 01:01 PM

Again, why don't more of you guys just keep your money in a basket of currencies so that your remain even regardless of exchange rates?

sacX · 10-25-2004, 01:37 PM

Quote:

Originally posted by Gynecologist
Again, why don't more of you guys just keep your money in a basket of currencies so that your remain even regardless of exchange rates?

or hedge with options. I have about 1/3 of my USD hedged, which of course it not enough :/

sacX · 10-25-2004, 01:40 PM

Quote:

Originally posted by sperbonzo
Why? The weak dollar is GREAT for the US economy. This makes our exports cheaper, and our businesses more attractive to foreign investment. The only way that the weak dollar hurts the US economy is that goods that we MUST buy in other currancies (not oil), are more expensive. The strong Euro, for example, is the reason why European exports are so down, and unemployment in big exporters like France and Germany is TWICE what it is in the US.

Unemployment has always been almost double in europe what it is in the US. It's much more to do with layers of Government beauracracy than the current price of the Euro.

A weak dollar is not good for the US economy. If the US was a primarily export economy then it would be a different story.

10-25-2004, 03:39 AM	#1
Jay_StandAhead Confirmed User Industry Role: Join Date: Jul 2002 Posts: 3,103	Canadian dollar up like a mofo this morning as of 6:12 am, it's up 1.05 cents (1.30%) http://finance.yahoo.com/q?s=%5ECCD __________________ Our Programs: StandAhead \| IndieBucks \| BoyCrushCash \| Phoenixxx \| EmoProfits \| BritishBucks \| HunkMoney \| LatinoBucks Make $$$ with Gay! Lowest Minimum Payouts in the Business, Perfect Track Record, Amazing Sites

10-25-2004, 03:48 AM	#2
cool1 sex is good Join Date: Sep 2001 Location: Carman, MB Canada Posts: 24,939	Pretty soon a dollar will be worth a dollar __________________

10-25-2004, 04:54 AM	#4
psyko514 See sig. Join Epic Cash. Join Date: Oct 2002 Location: Montreal, Quebec. ICQ: 214702014 Posts: 22,366	goddamnit. i'm just gonna go back and work for the bank if it stays like this. __________________ Bad Girl Bucks - 50% Revshare through CCBill. Promote BrandyDDD, Pixie's Pillows, Action Allie and more! Phoenix Forum Pics \| Webmaster Access Montreal pics email: psyko514(a)gmail.com \| icq: 214-702-014

10-25-2004, 05:02 AM	#6
BrainClaude Registered User Join Date: Dec 2003 Posts: 37	He Jay... whazzzup.....better sell Euro now Ciao __________________ SIG TOO BIG! Maximum 120x60 button and no more than 3 text lines of DEFAULT SIZE and COLOR. Unless your sig is for a GFY top banner sponsor, then you may use a 624x80 instead of a 120x60.

10-25-2004, 05:53 AM	#10
nikcho Registered User Join Date: Jan 2004 Location: Wilton Manors, FL Posts: 57	Guys, I am not sure if you remember 13 years ago with the first Iraq war: DEM/USD = 1.42 (DEM = Deutsche Mark for the US folks) DEM/EUR is fixed at 1.955 so, back then 1 EUR = 1.38 USD Right now 1 EUR = 1.26 USD if I am not mistraken. Given the political and the economic situation in the US, there is still plenty of room for the USD to go down. Not good for EU and Canada exports but much cheaper for tourists to USA :-) Peace! __________________ Join my Nikcho.com Blog and say what you think!

10-25-2004, 04:48 AM	#3
UniqueMovies Confirmed User Industry Role: Join Date: Feb 2003 Posts: 1,691	Its pissing me off! I remember when $2,000 USD was worth 3,000 CAD. Now its worth $2,442.00 CAD

10-25-2004, 04:59 AM	#5
Muff Confirmed User Join Date: Mar 2001 Location: Toronto Posts: 1,782	Looks like it's gaining back some points it lost last night. I think once the elections over we might since a stronger USD.

10-25-2004, 05:06 AM	#7
sacX Confirmed User Join Date: Dec 2002 Location: New Zealand Posts: 2,998	doesn't help when the US government is essentially short the USD :/

10-25-2004, 05:42 AM	#9
wyldblyss Confirmed User Join Date: Nov 2003 Location: The Buck Starts Here Posts: 5,779	Damnit! I really miss the good old days when a U.S. dollar gave you $1.50 Canadian.

10-25-2004, 05:59 AM	#11
sacX Confirmed User Join Date: Dec 2002 Location: New Zealand Posts: 2,998	If you look at 2005 budget and future budgets for the US, there's no decrease in spending, the only plan to reduce the deficit is to get more tax receipts, and those forecasts were made when the economy was chugging along a lot better than it is now... So with the budget deficit fucked and the trade deficit getting worse, I think there's only pain for USD holders in the near term (at least 18months)

10-25-2004, 06:21 AM	#12
Ramster Confirmed User Industry Role: Join Date: Jul 2002 Location: Ottawa, Canada Posts: 1,447	This dollar shit is a fuckin' killer. __________________ Fcuk Cash - Backroom Casting Couch, ExCoGi, BlackAmbush DarkReach Cash - Top Pornstars & Sites Skype: robmurray999 Email: rob-at-paysitemanagers.com

10-25-2004, 06:24 AM	#13
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10-25-2004, 07:20 AM	#14
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10-25-2004, 07:23 AM	#15
TheLegacy SEO Connoisseur Industry Role: Join Date: Apr 2003 Location: Brantford, Ontario Posts: 17,180	Being in toronto and getting paid in american funds is getting sick. People stop having confidence in Canada LOL __________________ SEO Connoisseur Microsoft Teams: Robert Warren SEO Telegram: @TheLegacy54 RobertWarrenSEO.com

10-25-2004, 07:26 AM	#16
quiet we'll miss you our friend. RIP Industry Role: Join Date: Sep 2001 Location: Fernie, BC Posts: 25,115	it's getting ridiculous. everyone getting paid in USD in Canada are getting a HUGE paycut courtesy of the exchange rate. __________________ we'll miss you our friend. RIP

10-25-2004, 08:34 AM	#22
Jman Too lazy to set a custom title Industry Role: Join Date: Sep 2003 Location: Canuckstikan Posts: 22,779	Thanks George W Bush and your wonderfull team of assclowns __________________ email: [email protected] Best AI Affiliate Program We also do WL at $0.00 upfront costs FantasyXXX.AI Teams: jean.francois.laverdiere TG: @jman1216

10-25-2004, 08:36 AM	#23
fris Too lazy to set a custom title Industry Role: Join Date: Aug 2002 Posts: 55,372	suck my fucking cock george w bush! __________________ Since 1999: 69 Adult Industry awards for Best Hosting Company and professional excellence. WP Stuff

10-25-2004, 09:05 AM	#26
Phoenix BACON BACON BACON Industry Role: Join Date: Nov 2002 Location: Poems everybody, the laddie fancies himself a poet Posts: 35,465	this is not just Goerge bush we can thank for this. Reagans imperial spending circles are now coming home to roost. If it dips lower then a dollar im moving to the states, or maybe somewhere warm where i can get more then 1 __________________ Skype Phoenixskype1 Telegram PhoenixBrad https://quantads.io

10-25-2004, 09:05 AM	#27
{fusion} Confirmed User Join Date: Sep 2003 Posts: 1,650	what currency do you recommend to buy atm?

10-25-2004, 09:08 AM	#28
Bomber8888 Confirmed User Join Date: Mar 2004 Location: Toronto Posts: 1,444	It's fucking depressing..... Bush needs to go.. the U.S need a new change and direction.....

10-25-2004, 09:30 AM	#30
murray_dawg Confirmed User Join Date: Mar 2004 Posts: 415	Sponsors, start paying me in CDN! lol __________________ Fastsize sells like NO other! Think of a big industry name, they probably upsell us! BradM says: Visit the above sponsors so you can quit your day job!

10-25-2004, 10:40 AM	#31
webgurl Confirmed User Join Date: Aug 2002 Location: Clouds with Carebears Posts: 7,954	oh MFG i am going to vomit , really bad ! I just got back from US and now i have quite a bit of $$$ to transfer . Bad News

10-25-2004, 10:41 AM	#32
murray_dawg Confirmed User Join Date: Mar 2004 Posts: 415	COMMON baby hit 82 cents whooza daddy __________________ Fastsize sells like NO other! Think of a big industry name, they probably upsell us! BradM says: Visit the above sponsors so you can quit your day job!

10-25-2004, 11:16 AM	#33
Supercharged Confirmed User Join Date: Jan 2002 Location: B.C., Canada Posts: 219	on Jan 1, the industry as a whole should flip over to the Euro :o) It has nothing to do with confidence in Canada, the CDN dollar value to the USD is just a calculation against other major currencies. USA is devalueing its dollar for a bunch of reasons, none of which include Canada. __________________ Stephan ICQ 4491799 Supercharged Web Designs Web Hosting Adult Design

10-25-2004, 11:37 AM	#36
Strife Confirmed User Join Date: Aug 2001 Location: Canada Posts: 4,534	Man..this really fucking blows...wish I had exchanged all my USD to CDN back when the US dollar was worth $1.60 CDN... __________________ Buy & Sell Ads on The Most Sexy Advertising Network on the Planet

10-25-2004, 11:39 AM	#38
Vitasoy GFY HALL OF FAME DAMMIT!!! Join Date: Oct 2003 Posts: 58,202	Good thing, I did some exchanging yesterday via ATM. Still blows though __________________ [email protected]

10-25-2004, 11:43 AM	#39
xclusive Too lazy to set a custom title Join Date: Apr 2004 Location: Buffalo, NY Posts: 35,218	That ain't shit for me the american dollar is only worth 100 pennies... __________________ I support MediumPimpin.com / Shemp's Outlawtgp.com /

10-25-2004, 11:49 AM	#41
xxxdesign-net My hips don't lie Industry Role: Join Date: Nov 2002 Posts: 10,129	Democrats are more protectionist than republicans.. which isnt good for the Canadian economy but will help lowering the canadian dollar... A Bush win will give the US $ an instant boost.. but will not last long.. Expect the can $ hitting $0.85 fairly soon...

10-25-2004, 12:01 PM	#42
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10-25-2004, 01:01 PM	#48
Gynecologist Confirmed User Join Date: Sep 2004 Location: Los Angeles Posts: 2,184	Again, why don't more of you guys just keep your money in a basket of currencies so that your remain even regardless of exchange rates?