Canadian dollar now worth MORE than greenback
 

1.00 CAD = 1.00371 USD (from xe.com)

For the first time in over 30 years the Canadian dollar is worth MORE than the US dollar. My American friends have made fun of my money for years... and now it's PAYBACK TIME. :winkwink:

Of course, that also means we Canadians in the adult biz took a 25% pay cut over the last couple years. :Oh crap I used to love converting my US dollars to tons and tons of Canadian bucks. Oh well.


Barry

wow......

I had to exchange $2200 USD yesterday and I got like $2130 CAD.

It's ridiculous.

And what pisses me off is when you buy something online. IT'S NOT COSTING LESS

In fact, we are being charged like if it was 1.05$ versus 1.00$

We've taken a 60% "pay cut" from 6 years ago.

I think we made fun of it not because of its worth... but because of all the monopoly-esque colors used in its printing. :winkwink:

Paybacks are a bitch!

Why should have made 60% more?

Now that the shoe is on the other foot your crying like a baby. Get over it!!

All I've been reading about lately is how prices haven't gone down in Canada to make up for the stronger dollar. So basically they are taking advantage of the exchange rate to charge us 25% more for everything.

However Porsche Canada just announced that their 2008 models will be at least 10% cheaper than the 2007 models.

Fortunately I'm in the market for a new car. :)


Barry

Almost forgot.

http://i143.photobucket.com/albums/r...emoteImage.jpg

LOL yes but now it's worth enough to buy Boardwalk and Park Place. :)


Barry

Long live US, long live Bush.

it's time for canadian and european to import cars for USA. contact me if you want car for the states ill do all the paper, border and inspect for you :upsidedow

http://www.quebec-usa.com/AnyCap1.jpg
english site is coming soon


[email protected]

icq : 3439321

big deal, you guys pay for everything with this anyway

http://www.pennylicious.com/images/2...tire-money.jpg

Great for buying shit from the US online, not great because my cheques are in USD. :Oh crap

What is Canada's contribution to world economics?

... and yours to humanity ????

This is soooo sad :(
WG

its funny because the prices in canada are still at least 40-60% more

will be greath for US export!!

Maybe it's time to start selling my memberships in Canadian dollars. :upsidedow


Barry

Duh? The US has something to export??? Don't think so....

OK.. To be fair, the only two items which are exported with a postive trade balance is wheat and bombs - everything else has been a dismal failure for around 40 years.

Seriously - that is one sad scenario.

dayam ..

Low dollar means imports will decrease and exports will increase. One of the reason we had such a huge trade gap was because the dollar was so strong. This should even things out a bit.

could also mean inflation ....

So damn true :(

The data that came out shows that it really wasn't bad and thus the reason for the aggressive drop in interest rates. It's a 5 year low for inflation. I think Europe is in much worse shape when it comes to inflation.

Still, there is a chance we'll hit a recession by next year. Most experts are giving it a 1 in 3 chance.

Don't forget to also mess with them over having to listen to them calling our money "monopoly" money because of the colors...

http://en.wikipedia.org/wiki/United_...ve-dollar_bill

That big purple 5 on there is hillarious.

What is your level of education?

.

The theory sounds good pk, but reality is a little different. But, sure, there should be at least some increase in exports which will obviously help.

Reality is the 40ish year trade deficit and a reliance on imported product. Can't see that changing one bit other than an an upwards cost of imports (because they are gonna be paid by currently weak dollars). Imports grossly overwhelm any exports and it would take a total industrial revolution to begin to balance that scenario and have "exportable goods" to offer.

For good or bad - tho suspect more bad, - the dollar will continue to decline for... who knows, but possibly ten years ahead. There is nothing on the horizon to give any hope of otherwise and a serious debt problem where utterances from the Fed and ex-Fed reps suggest a problem even paying interest on the debt. This is total shit news and not helped by the stupid oil consumption which contributes to around at least 30%+ of the trade deficit. If that was reduced even fractionally - it would help a lot, but not likely to happen. The sooner "someone" addresses this problem, the better. It is being ignored by the current incompetent mob who obviously just don't care.

GreyWolf, what do you think about China's massive exports to the US and how it affects the US economy?

Later,

.

I'm just speaking objectionally from what a lot of economic analysts have said. You are just saying whatever would make the US looks bad. It's not a difference in reality, just which one of us has an agenda behind us.

I think a 10 year fall is impossible to predict. There are a ton of variables in place and we have never seen these circumstances before in economic history. I'm not sure I agree with what Bernanke did by lowering interest rates as I felt some of those industries needed to pay a price for their mistakes and the most important factor is inflation. But he feels liquidity is more important, and that then he can raise interest rates and strengthen the dollar again. It'll be interesting to see if he's right, I think he is a bright man.

Nonetheless, the US Dollar was overpriced at the beginning of the decade. Imports kept expanding while exports were negative. We're seeing that finally correct itself as imports are down and exports are up. But the dollar will continue to fall for awhile and I foresee it at $1.50 to the Euro by the end of the year. A recession would suck for everyone on the board, but might be best for the long term. I'm not horribly opposed to it in my current situation. Still, it's just part of the game and all we can do is ride the ups and downs like everyone else.

they need to much fuel!
and if money is no issue, you'll buy a European luxury car :winkwink:

All I know is that this is making me poorer every day.

stop spreading that line, that's what got you in this mess, by relying on that logic

the US imports too much for that to make a positive difference, also remember Bush has been giving subsidies to companies to relocate their manifacturing facilities abroad

Germany exports more than the US, Belgium (10 million people) exports 1/3 of what the US exports, you don't find American products in Europe, excepts maybe some cars.

thx good information)

nice one to canada

but what's the reason why USD is going down ??

Glad to be phasing out of adult and focusing on local mainstream market making my living in Canadian dollars :)

Bush's policies: economic policies (subsidising outsourcing, loaning so much from foreign countries like China), the Iraq War, corruption (allowing/enabling war profiteering by companies as Halliburton), ...

basically this administration has sold out the country and it's people, they should be condemned for treason

Oh come on. Blaming the entire fall of the dollar on Bush is a tad ignorant. The trade deficit started in the 90's before he was even in power. While Congress and himself haven't done much to help the problem, they are not the only ones to blame.

Bush and co made it spiral out of control

+ it's not only the trade deficit! Who started the Iraq War? who is in charge of outsourcing the war to private firms? who is loaning all these billions? who has doubled the national debt in his presidency?

answer: Bush Bush Bush Bush

he is a traitor to his country and a war criminal to the rest of the world