Anyone NOTICE the Canada - US dollar exchange rate
 

last week i changed a little money - 1.29 or something.


yesterday i changed a big chunk for my taxes, 1.37.

i was singing and dancing i was sooo happy

idiot

this past week was the best in a long time.
I got 1.3476 i beleive on thursday.
Not fantastic but better than its been in a while

Yep I paid a chunk off my taxes yesterday at 1.35

must be the impending socialism

sure I noticed. It's like getting a raise. :)

it's about fucking time.

i wonder how high it'll go once/if bush loses the election.

Yup :)

A little ray of sunshine....hehehe

Gotta love when the dollar drops

yep, great news.

That sucks for me, I was loving it last year or so when it was $1.50 Canadian, more Casino Windsor money.

i really need the Euro to drop

Hope it holds till Monday:winkwink:

im lovin it

great for american tourist to come.


and check my site b4 they do!

hope to see 1.4 sooOOOn , i remember 1.6 for a small period of time BANK RATE after 911 September incident

1.65 or so - drool

i miss those days, lets hope this trend continues.

The answer can easily be found in interest rates.

The US rate for a long time was higher than most, so investing money from other countries into US dollar (and dollar bonds) was a good thing. As the prime rates dropped, the desirablity to hold the US dollar goes away. So the values shift.

Until a very short time ago, there was over a point premuim to put money in Canada or Australia, as an example, so the money flows out of the US market, and into other markets. Thus the US dollar goes down, and all other currencies appear to go up.

The Canadian prime dropped down to 4.5, only a 1/2 point premuim over the US rate, so things are very close. Money slowly moves back into the US market, bringing the US dollar up and dropping all other currencies as a result.

Now, if the US goes ahead and raises the prime rate in the near future, it will be a bonanza for us as I would expect to be 1.45 or so within a month or two of that happening.

Enjoy :-)

Alex

Now you're really talkin:thumbsup

Verrrry happy, noticed that too :)

well if the US raises rates and the economy keeps moving and canada's economy doesn't do as well and they keep rates low then the trend should continue.

bush getting booted out would be a plus for the FX rate, but who knows how all those dumb americans will vote.

the rate could be in the 1.3-1.35 range by the end of the year tho. but a lot can change and usually does. still some downward pressure on the us dollar

Bro you from windsor? same here! :thumbsup

Too bad they're on fucking strike right now.

I live in Michigan in the summer, like an hour from Windsor. I heard they're striking too, they need to get that resolved before I get back in 2 weeks. :helpme

Good to hear,hope it goes even higher