Oh my god. Is the US:Canadian exchange rate going to continue going downhill??

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  • Myst
    Confirmed User
    • Feb 2004
    • 4708

    #1

    Oh my god. Is the US:Canadian exchange rate going to continue going downhill??

    Fucking unreal...
    1.0324 now.. should I be transferring my funds ASAP to Canadian dollars?
    ICQ: 298-523-037
  • WWC
    #1 Adult Content Provider
    • Jul 2003
    • 11577

    #2
    tell me about it....i was in Europe 2 weeks ago and the dollar was shit...
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    • gecko
      ******
      • Jun 2002
      • 21846

      #3
      Yes it will continue to go down
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      • F-U-Jimmy
        Confirmed User
        • Apr 2006
        • 6853

        #4
        In a word YES!
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        • Myst
          Confirmed User
          • Feb 2004
          • 4708

          #5
          fucking hell i hate Bush
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          • pudcat
            Confirmed User
            • Mar 2003
            • 1169

            #6
            Yup it'll keep going down, wouldn't surprise me to see some govt intervention in the near future though it won't stop the trend for hopefully (I'm short USDCAD) quite some time.

            As much as I dislike Bush, sadly I don't think this is all his fault... it's more the society as a whole.
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            • After Shock Media
              It's coming look busy
              • Mar 2001
              • 35299

              #7
              Originally posted by pudcat
              Yup it'll keep going down, wouldn't surprise me to see some govt intervention in the near future though it won't stop the trend for hopefully (I'm short USDCAD) quite some time.

              As much as I dislike Bush, sadly I don't think this is all his fault... it's more the society as a whole.


              The Government intervention is what has been causing it for the most part.

              [email protected] ICQ:135982156 AIM: Aftershockmed1a MSN: [email protected]

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              • pudcat
                Confirmed User
                • Mar 2003
                • 1169

                #8
                Originally posted by After Shock Media


                The Government intervention is what has been causing it for the most part.
                that is not the government intervention I was referring to.
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                • After Shock Media
                  It's coming look busy
                  • Mar 2001
                  • 35299

                  #9
                  Originally posted by pudcat
                  that is not the government intervention I was referring to.
                  Are you hoping for the sniper kind, or maybe umm the putin problem people style of involvement?

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                  • pudcat
                    Confirmed User
                    • Mar 2003
                    • 1169

                    #10
                    Originally posted by After Shock Media
                    Are you hoping for the sniper kind, or maybe umm the putin problem people style of involvement?
                    More the concerted effort to boost the currency by very large scale buying, normally done in association with other countries central banks. Get it near trendline support then give it a VERY big shove to try to create a reversal.
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                    • Antonio
                      Too lazy to set a custom title
                      • Oct 2001
                      • 14136

                      #11
                      most likely yes, nothing drastic though

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                      • Vick!
                        Confirmed User
                        • Nov 2005
                        • 6882

                        #12
                        1 U.S. dollar = 0.971


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                        • k0nr4d
                          Confirmed User
                          • Aug 2006
                          • 9231

                          #13
                          Originally posted by pudcat
                          As much as I dislike Bush, sadly I don't think this is all his fault... it's more the society as a whole.
                          How is it not his fault? he insists on continueing his war, which is costing lots of money. They have to print more money, thus making the US dollar drop like a rock. On top of that, people are dumping US funds because of the drop, furthering the issue. This is analing people like me, who get paid mostly in USD but live abroad
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                          • BerdoR
                            Registered User
                            • Sep 2007
                            • 352

                            #14
                            UK pounds even better ..
                            1 GBP = 2.03329 USD
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                            • LadyMischief
                              Orgasms N Such!
                              • Sep 2002
                              • 18135

                              #15
                              Yay the canadian dollar dropped a cent and a half today! YAY!

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                              • Myst
                                Confirmed User
                                • Feb 2004
                                • 4708

                                #16
                                Fuck! Ass!
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                                • Jman
                                  Already an AI veteran
                                  • Sep 2003
                                  • 22838

                                  #17
                                  Yup it's not going to get any better soon.
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                                  • pornask
                                    So Fucking Banned
                                    • Aug 2006
                                    • 6518

                                    #18
                                    Yeah, Canadian dollar dropped a little today.

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                                    • BOSS1
                                      Confirmed User
                                      • Sep 2005
                                      • 4331

                                      #19
                                      Originally posted by pornask
                                      Yeah, Canadian dollar dropped a little today.
                                      I hope it keeps going

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                                      • eroswebmaster
                                        March 1st, 2003
                                        • Jul 2001
                                        • 20295

                                        #20
                                        stock up on water, canned foods, and ammo, the reckoning is coming.
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                                        • sumphatpimp
                                          Confirmed User
                                          • Aug 2002
                                          • 5235

                                          #21
                                          after California burns down it will be worse

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                                          • alby_persignup
                                            Confirmed User
                                            • May 2007
                                            • 3119

                                            #22
                                            that sucks!
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                                            • buzzy
                                              Confirmed User
                                              • May 2007
                                              • 2606

                                              #23
                                              Originally posted by BerdoR
                                              UK pounds even better ..
                                              1 GBP = 2.03329 USD

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                                              • flashfire
                                                ICQ 1 6 7 8 5 3 4 9 2
                                                • Feb 2003
                                                • 13098

                                                #24
                                                big drop today...bank of canada says the rise in the dollar has been "abnormal" and not supported buy financial data. Biggest one day drop since 2005, lets hope this keeps up. Still above par though, especially after the bank rips you off

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                                                • pudcat
                                                  Confirmed User
                                                  • Mar 2003
                                                  • 1169

                                                  #25
                                                  Originally posted by k0nr4d
                                                  How is it not his fault? he insists on continueing his war, which is costing lots of money. They have to print more money, thus making the US dollar drop like a rock. On top of that, people are dumping US funds because of the drop, furthering the issue. This is analing people like me, who get paid mostly in USD but live abroad
                                                  I live overseas as well... aussie dollar has gone from 0.55 some years ago to around 0.9

                                                  I said ALL his fault... I'm sure a massive part of it is his fault, though American consumers (and a heap of bankers etc.) are also to blame.
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                                                  • _Richard_
                                                    Too lazy to set a custom title
                                                    • Oct 2006
                                                    • 30991

                                                    #26
                                                    the canadian dollar should drop shortly.. at the moment it looks like it's a 'type two' type of trade, and the BOC will probably step in

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                                                    • GreyWolf
                                                      So Fucking Banned
                                                      • Jun 2007
                                                      • 2036

                                                      #27
                                                      There is one one way for the dollar - downwards, and hardly a surprise when you look at fantasy accounts.

                                                      If you think that is bad - ya ain't see nothing yet....

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                                                      • GreyWolf
                                                        So Fucking Banned
                                                        • Jun 2007
                                                        • 2036

                                                        #28
                                                        Originally posted by k0nr4d
                                                        How is it not his fault? he insists on continueing his war, which is costing lots of money. They have to print more money, thus making the US dollar drop like a rock. On top of that, people are dumping US funds because of the drop, furthering the issue. This is analing people like me, who get paid mostly in USD but live abroad
                                                        Sure, the admin are responsible to a degree (ie in that they are totally incompetent and clueless), but there are many other factors as well and, with our without a "war", it's only a matter of time before shit hits. The country is unsustainable and can't generate "wealth" and have been supported by loans for years while living off a fantasy national credit card.

                                                        It's easy to say, and harder to do, but US industry needs a more solid core base and severely needs to compete internationally. But again... that costs plenty money which does not exist (more loans??). There are many aspects similar to "industry" and they all contribute to the core unsustainable element and this has never been a concern of govt for decades - all fantasy.

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                                                        • Vitasoy
                                                          GFY HALL OF FAME DAMMIT!!!
                                                          • Oct 2003
                                                          • 58202

                                                          #29
                                                          These days I'm exchanging on the fly.


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                                                          • the alchemist
                                                            Confirmed User
                                                            • Dec 2004
                                                            • 3271

                                                            #30
                                                            Originally posted by pudcat
                                                            As much as I dislike Bush, sadly I don't think this is all his fault... it's more the society as a whole.
                                                            Yeah, the 2 billion dollars per week war, printing unbacked money and borrowing funds from China, Japan, Mexico and more has nothing to do with it.
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                                                            • GreyWolf
                                                              So Fucking Banned
                                                              • Jun 2007
                                                              • 2036

                                                              #31
                                                              Originally posted by the alchemist
                                                              Yeah, the 2 billion dollars per week war, printing unbacked money and borrowing funds from China, Japan, Mexico and more has nothing to do with it.
                                                              That $2 bill/week war seems to be just grain of sand in relation to other other borrowings...

                                                              Example... the borrowings from the Central Bank of China alone are $3-4 billion/day and a further $9-12 billion/day from other nations. (These are very "average" borrowings and can be a few billion either way).

                                                              So.. in a week, at a modest calculation, the loans are approx $60-70billion and little clue to repay but just cover the interest costs?? The "war" seems to fade into insignificance in relation to the overall problem.

                                                              Maybe there is an economic problem or the calculator is bust?? I'd gamble all assets on the first possibility with 100% certainty.

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