$1 US = $1 CAD - it is pretty much a done deal
 

With the bank's typical 2 cent per dollar service charge, it is pretty much a done deal this morning, as the CAD is about to hit 98 cents (currently 0.97826 according to XE).

*sigh*

When is the porn internet stuff going to start being quoted in Euros?

Or Ameros....

Most likely when the largest amount of buyers are no longer U.S. Citizens.

this is the big problem for us - week USD is killing us pretty hard.

just checked xe.com and the current ratio is:

1.00 USD = 1.02277 CAD

really sucks!

I have been getting 1.0045 the last week or so from my bank.

and, before the amero comes in... they'll make sure that $1 = 1 peso

:)

go to ukraine, they have steady scaler, government-controlled.

I'm starting to wonder when the $$$ will start to raise again. I just heard a news that the petrol barrel reached 81.8$ :(

inflation and recession are coming.
have fun.
so says Greenspan.

I converted some USD to CAD using PayPal today, and it was 1:1.0006 or some shit.

soon it will be worth more.

Euro Kick Ass!

well, thats because OPEC can just put out bullshit reports on supply and reserves to get the price to go up and fatten their wallets.

Gold > *

:thumbsup

A clear sign of the fact America is not the super power it was :warning

My vote goes to either ameros or GOLD.

That is not a good sign, and greenspan is a genius

Peterk, here's some homework for you. Go look at the price of oil in the last 4 years. Then go look at the exchange rate of the euro to the dollar, and then look at the price of oil in euros in the last 4 years as a result.

The reality is that high US dollar oil prices haven't affected the rest of us as much because the exchange rate has damped out a fair bit of it. The $81 barrel of oil for Canadians appears to be only a $50 barrel of oil when you consider how the exchange has moved - yes oil is up, but not by the 3 times that the US is seeing.

I think that in many ways, this is a nice sneak economic attack on the US by the oil producing nations, many of which are against the US.

The amero is on its way. Its no surprise that our countries are aligning

Gold's nice but as it's priced in U.S. $'s any appreciation in the Canadian dollar will lead to a corresponding depreciation in the value of your investment.

lol you guys really need to stop it with the Amero bullshit. It's not going to happen

you are a moron to think that this whole amero thing will happen.

what makes you so sure ?

JFK, there is more chance that Quebec seperates from Canada than Canada will give in to a common currency. The very most that would ever happen would possibly be a "fixed peg" with a yearly revision or something, to avoid the up and down roller coaster.

Most Canadians like being Canadians. They don't aspire to being junior americans.

There's not a chance in hell that Canada is going to give up the right to make it's own monetary policy to a U.S. dominated central bank.

Here's a great election slogan "Elect me and I will let the U.S.A. set your mortgage rates" How many votes do you think that party would get?

so you're pretty much complaining that the USD is pretty much the same price as the CAD? welcome to americals world, we get $1 for our $1, so now you get $1 for our $1, its even

I'll take the pound any day!

Of course it is and the only way they will force it upon both the American and Canadian people, is if there is a benefit for them both. They want to even up both our currencies so the Amero looks good. They won't bring Mexico in on it because they are still a source of very cheap labor, so equaling their currency to ours would kill that.

It's really the only way we will be able to deal with China in the future as well as the Euro. Face it sooner or later oil is going to get sold in either Euro's or Yen. Once that happens the dollar is done for, so the only way to solve that issue is the Amero.

This says it all:
 

CDN vs USD over the last five years.
http://www.wtfmedia.com/temp/CDN-USD-5y.png

:(

this is bullshit..not your statement but the amero

i cringe at the idea

Atleast we still got the peso beat..

It's holding steady, I wouldn't say beat.

Damn that would suck...

http://www.albertastars.com/gallerie...merican-union/

the biggest croock, who caused it with his 1% interest rates.
If FED will cut significantly interest rates today, then watch out for a fall of dollar and high inflation coming to the US, together with recesion, all of this only to save wall street croocks and some stupid homeowners. and all of this to be paid by average innocent Joe
The financial sector really deserve to get some beating.

It doesn't effect me one way or the other.

this is really killing me, i am seriously starting to see the effects.

i am glad my green card comes in about 6 months, i have been seriously considering re locating to america.

Canadians are loosing so much in this - eventually the government has to do something to drop our dollar since we are loosing thousands of jobs and millions in business with lost exports. Yet we all know that nothing stays permanent in this life.

Right after the Bush's artificial war on terror or oil or something, right?

long live US :thumbsup

Sponsors: I would like to be paid in Euros.

Would be nice to start billing in Euros thats for sure.

No question a strong dollar hurts Canadians. The forest industry, hydro etc have got to be just hating this.

I would think so also...but it seems the econmy here is booming:

We must keep in mind that we have being floating in surplus for a few years ... while our neighboors have opened the valve of deficit full blast.

Also, servicing our debt ( mainly in US $ is costing much less due to this devaluation ).

So jobs are lost in one sector, and created in another ....

Nothing more to say about our " monopoly " money ...

Yeah, me neither . . . but I have a feeling I will feel a pinch when I go to Europe.

It will. The cost of things will go up.

All the indians working the call centers 24/7 aren't going to want less money and the companies will pass that on to you.

You won't notice it fast but few years from now you will think, fuck stuff seems to cost a lot more than it used to.

Exactly. Watch out for a 100USD per barel of oil soon, all comodity prices will go up really fast.
Even the biggest croock Greenspan, who caused whole situation by lowering interest rates to 1%, is against rate cut now, exactly because of : "inflation and recession

thats what average Joes thinks, but at the end average Joe is the one, who is going to pay for a higher inflation.
The prices of all commodities will go up very soon, therefore living costs too. I bet average Joe dont want to pay 4-5 bucks per gallon

Greenspan warned: "dont cut the rates, it will bring high inflation and at the end recession"

Yeah all this situation with $ sucks preety bad.

0.98354 this morning on XE, which effectively means my bank will give me less than $1 cad for $1 US.

Going to go outside now and look for flying pigs.