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#1 |
Confirmed User
Industry Role:
Join Date: Jul 2002
Posts: 3,103
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Canadian dollar up like a mofo this morning
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#2 |
sex is good
Join Date: Sep 2001
Location: Carman, MB Canada
Posts: 24,939
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Pretty soon a dollar will be worth a dollar
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#3 |
Confirmed User
Industry Role:
Join Date: Feb 2003
Posts: 1,691
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Its pissing me off!
I remember when $2,000 USD was worth 3,000 CAD. ![]() Now its worth $2,442.00 CAD ![]() |
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#4 |
See sig. Join Epic Cash.
Join Date: Oct 2002
Location: Montreal, Quebec. ICQ: 214702014
Posts: 22,366
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goddamnit.
i'm just gonna go back and work for the bank if it stays like this.
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#5 |
Confirmed User
Join Date: Mar 2001
Location: Toronto
Posts: 1,782
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![]() Looks like it's gaining back some points it lost last night. I think once the elections over we might since a stronger USD. |
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#6 |
Registered User
Join Date: Dec 2003
Posts: 37
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He Jay...
whazzzup.....better sell Euro now ![]() Ciao
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#7 |
Confirmed User
Join Date: Dec 2002
Location: New Zealand
Posts: 2,998
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doesn't help when the US government is essentially short the USD :/
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#8 | |
Confirmed User
Join Date: Mar 2001
Location: Toronto
Posts: 1,782
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#9 |
Confirmed User
Join Date: Nov 2003
Location: The Buck Starts Here
Posts: 5,779
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Damnit! I really miss the good old days when a U.S. dollar gave you $1.50 Canadian.
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#10 |
Registered User
Join Date: Jan 2004
Location: Wilton Manors, FL
Posts: 57
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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!
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#11 |
Confirmed User
Join Date: Dec 2002
Location: New Zealand
Posts: 2,998
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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) ![]() |
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#12 |
Confirmed User
Industry Role:
Join Date: Jul 2002
Location: Ottawa, Canada
Posts: 1,447
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This dollar shit is a fuckin' killer.
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#13 |
I need a beer
![]() Industry Role:
Join Date: Jun 2002
Location: ♠ Toiletville ♠
Posts: 133,944
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#14 |
Confirmed User
Industry Role:
Join Date: Apr 2003
Location: Quebec Calisse
Posts: 4,716
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#15 |
SEO Connoisseur
Industry Role:
Join Date: Apr 2003
Location: Brantford, Ontario
Posts: 17,111
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Being in toronto and getting paid in american funds is getting sick. People stop having confidence in Canada LOL
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#16 |
we'll miss you our friend. RIP
Industry Role:
Join Date: Sep 2001
Location: Fernie, BC
Posts: 25,115
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it's getting ridiculous. everyone getting paid in USD in Canada are getting a HUGE paycut courtesy of the exchange rate.
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we'll miss you our friend. RIP |
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#17 | |
Let's do some business.
Industry Role:
Join Date: Jan 2003
Location: The dirty south.
Posts: 18,781
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Quote:
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#18 | |
Registered User
Join Date: Feb 2004
Location: In Your Dreams
Posts: 9,649
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#19 | |
Too lazy to set a custom title
Industry Role:
Join Date: Oct 2002
Location: Montreal, Quebec
Posts: 29,677
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Quote:
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 ....
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I know that Asspimple is stoopid ... As he says, it is a FACT ! But I can't figure out how he can breathe or type , at the same time .... |
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#20 | |
Confirmed User
Join Date: Dec 2002
Location: New Zealand
Posts: 2,998
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#21 | |
Confirmed User
Join Date: Dec 2002
Location: New Zealand
Posts: 2,998
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#22 |
Too lazy to set a custom title
Industry Role:
Join Date: Sep 2003
Location: Canuckstikan
Posts: 22,767
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Thanks George W Bush and your wonderfull team of assclowns
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#24 | |
Confirmed User
Join Date: Mar 2001
Location: Toronto
Posts: 1,782
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Quote:
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. |
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#25 | |
Join The Royal Family
Join Date: Apr 2002
Posts: 25,463
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Quote:
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#26 |
BACON BACON BACON
Industry Role:
Join Date: Nov 2002
Location: Poems everybody, the laddie fancies himself a poet
Posts: 35,462
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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 |
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#27 |
Confirmed User
Join Date: Sep 2003
Posts: 1,650
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what currency do you recommend to buy atm?
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#28 |
Confirmed User
Join Date: Mar 2004
Location: Toronto
Posts: 1,444
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It's fucking depressing..... Bush needs to go.. the U.S need a new change and direction.....
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#29 | |
Too lazy to set a custom title
Industry Role:
Join Date: Oct 2002
Location: Montreal, Quebec
Posts: 29,677
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Quote:
Germany is begging the US to borrow 100 $US today, knowing that in 5 years it will be worth much less.... The Japanese also ....
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I know that Asspimple is stoopid ... As he says, it is a FACT ! But I can't figure out how he can breathe or type , at the same time .... |
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#30 |
Confirmed User
Join Date: Mar 2004
Posts: 415
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Sponsors, start paying me in CDN! lol
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#31 |
Confirmed User
Join Date: Aug 2002
Location: Clouds with Carebears
Posts: 7,954
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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 ![]() |
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#32 |
Confirmed User
Join Date: Mar 2004
Posts: 415
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COMMON baby hit 82 cents
whooza daddy
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#33 |
Confirmed User
Join Date: Jan 2002
Location: B.C., Canada
Posts: 219
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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. |
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#34 | |
Confirmed User
Join Date: Dec 2002
Location: New Zealand
Posts: 2,998
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Quote:
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. |
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#35 | |
Confirmed User
Join Date: Aug 2004
Location: icq- 228-685-855
Posts: 802
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#36 |
Confirmed User
Join Date: Aug 2001
Location: Canada
Posts: 4,534
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Man..this really fucking blows...wish I had exchanged all my USD to CDN back when the US dollar was worth $1.60 CDN...
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#37 | |
Confirmed User
Industry Role:
Join Date: Jul 2003
Posts: 1,076
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Quote:
![]() O & A graph at its finest. |
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#38 |
GFY HALL OF FAME DAMMIT!!!
Join Date: Oct 2003
Posts: 58,202
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Good thing, I did some exchanging yesterday via ATM. Still blows though
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#39 |
Too lazy to set a custom title
Join Date: Apr 2004
Location: Buffalo, NY
Posts: 35,218
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That ain't shit for me the american dollar is only worth 100 pennies...
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#40 | |
I'd rather be on my boat.
Industry Role:
Join Date: May 2003
Location: Miami, FL
Posts: 9,748
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Quote:
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#41 |
My hips don't lie
Industry Role:
Join Date: Nov 2002
Posts: 10,129
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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... |
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#42 |
Confirmed User
Join Date: Jul 2004
Location: Vancouver
Posts: 4,170
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#43 | |
Confirmed User
Join Date: Dec 2002
Location: New Zealand
Posts: 2,998
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Quote:
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.. |
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#44 | |
President of Canada
Join Date: Sep 2003
Location: Leaving Hell, Entering Limbo
Posts: 23,141
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Quote:
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. |
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#45 | |
we'll miss you our friend. RIP
Industry Role:
Join Date: Sep 2001
Location: Fernie, BC
Posts: 25,115
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Quote:
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we'll miss you our friend. RIP |
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#46 | |
My hips don't lie
Industry Role:
Join Date: Nov 2002
Posts: 10,129
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Quote:
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#47 | |
Confirmed User
Join Date: Dec 2002
Location: New Zealand
Posts: 2,998
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Quote:
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 ![]() |
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#48 |
Confirmed User
Join Date: Sep 2004
Location: Los Angeles
Posts: 2,184
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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?
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#49 | |
Confirmed User
Join Date: Dec 2002
Location: New Zealand
Posts: 2,998
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Quote:
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#50 | |
Confirmed User
Join Date: Dec 2002
Location: New Zealand
Posts: 2,998
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Quote:
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. |
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