Canadian/US exchange rate
 

wtf is going on with this? Is the Canadian dollar just getting stronger, or is the US dollar getting weaker?

Whatever the case, this is definitely affecting the bottom line of a LOT of people including me.

18 November 2004
1 USD = 1.20318 CDN

:mad:


(source: http://www.xe.com/)

Bush got reelected and nobody has confidence in the dollar so I would get used to it for atleast the whole winter and probably 4 more years at least...

bro it's better then last week 1.1750

I didn't see that rate. Thankfully I didn't do any banking that day.

There wass an article published yesterday were a top group of US businemen said that the US dollar is still " highly overvalued " and that they expect it to go much lower ...

I think it was UPI news agencies ...

I tought of posting it here as info, but then I realize americans would consider that as " bashing" or " you hate america ".

One thing I hate is a low US dollar ...:)

There are a ton of monetary analysts saying the same tune. Even more so in past few days as the PPI index indicates that inflation is creeping back into the economy yet the Fed is constrained from acting strongly because of record high debt levels...

My hunch is to bet on gold continuing to rally over the next few months. Gold has been acting in inverse relationship to the US dollar lately and there are other reasons why it could climb besides. I bought T.XGD - iUnits S&P/TSX Capped Gold Index Fund.

and Im sure all the Bush lovers are going to spill in here bitching that its not his fault and that all of us should keep our noses out of america's business - wish america could do the same.

we're all pretty pissed that america's dollar is taking a nose dive - already Cuba's dollar is stronger than USA's with more countries to come. Welcome to the 3rd world kids

Not really the banks are still only paying .17 on the dollar :( Even when it was at .21 the other day.

ahhhh, this so sucks !!

:( That blows. have mixed reactions on that

RoyalBank: I was getting 1:17 last week, this week its up at 1:18.

Fucking INSANE!

ooh, the dollar is a small price to pay to have our morals protected, and poor countries being liberated.. I mean we might have dudes kissing dudes if bush wasn't in power..


FUCK BUSH!! Dollar has dropped 5 cents since he got re-elected.. Stupid fucking americans and your stupid fucking redneck values. GAH!
My theory is that he is going to get the country so poor and so broke that peoples only option will be the military as means of supporting their families..
Avoids the draft and gives him a huge cheap army to liberate the world from horrible liberal ideas like gay marriage

5 more years until it gets better

I'm bracing myself for the inevitable 1:1 which will make us long even more for the days of 1.62 that we had a couple of years ago.

That's right, get ready people cause 1:1 is gonna happen within 18 months

Crystal ball?

I only had to read the title of this thread to post the following:

:mad: :mad: :mad: :mad: :mad: :mad:

I hope I didn't miss reading anything important

:1orglaugh :321GFY :glugglug