1.00 CAD = 0.999310 USD

Parallax Abstraction wrote:

I'm not saying that we don't use the term loonie. But the way some were describing it, they made it sound as though our currency was actually called the loonie and not the dollar. That isn't so. :)

*backpeddle* *backpeddle*

With all their beady little eyes and flapping heads so full of lies!

Hemidal wrote:
Parallax Abstraction wrote:

I'm not saying that we don't use the term loonie. But the way some were describing it, they made it sound as though our currency was actually called the loonie and not the dollar. That isn't so. :)

*backpeddle* *backpeddle*

Hemidal wrote:

"Our plan to turn them against each other is working! Sit back and enjoy the show..."

My work here is done.

... I'm scared.

Hmmm, I might have to start interspersing more "eh's?" and "oh ya's" in my sentences if this keeps going. Better start preparing my "Welcome Brothers of the North!" speech, eh?

The dollar is still dropping... 0.93 dollars to 1 Loonie.

Crazy. So what does this mean? Is the US going to recover? Or should I welcome you to the 3rd world?

Is changing governments the solution, or is this a deeper thing?

I know you're all making jokes about it but this is pretty scary for the world as a whole. It's way more important than the bullsh*t "War on Terror", in my opinion.

From my (very limited) understanding its because the money people in the US are more worried about making sure the mortgage issue doesn't completely ruin the US economy. Lower interest rates in the US mean that certain types of investors would rather take their money to a country that has a much better interest rate so that they can make more money through lending. Personally I think they have taken it too far and are just trying to protect the large financial institutions that donate tons of money to both political parties, but we shall see.

There isn't going to be a quick fix to this issue, its going to take years and years for it to change, first off the US will have to raise interest rates back up, and make the size of the US debt lower again so that people are willing to buy US currency again.

Mex wrote:

I know you're all making jokes about it but this is pretty scary for the world as a whole. It's way more important than the bullsh*t "War on Terror", in my opinion.

I don't think it's that big of a deal especially doesn't seem like it will be that scary for the whole world but honestly I am happy to see the higher dollar, it's nice for a change.

Lothar wrote:
Mex wrote:

I know you're all making jokes about it but this is pretty scary for the world as a whole. It's way more important than the bullsh*t "War on Terror", in my opinion.

I don't think it's that big of a deal especially doesn't seem like it will be that scary for the whole world but honestly I am happy to see the higher dollar, it's nice for a change.

Could be pretty scary if the dollar continues to decline. If that happens for too long, folks will lose confidence in the dollar as the "international standard" and (in a worst-case scenario) could lead OPEC to switch to the Euro. That'd be pretty bad for Americans, and probably upset lots of financial markets around the world.
Also, other nations often keep their reserves in terms of dollars because they think it's a stable currency. If they don't think so anymore, and switch off of the dollar, it could result in a currency crash like that of southeast Asia in 1998, which was the trigger for the worst depression in decades in the region.

Our dollar has also continued to rise this week in particular because the Canadian unemployment rate dropped to 5.8% which no one was expecting and which is the lowest level in almost 40 years. Many more economists are also predicting that a US recession is inevitable at this point and the only question is how big and long-lasting it will be. I personally hope that doesn't happen as though our economy is no longer as closely tied to the US as your government would like everyone to believe, certain Canadian industries such as forestry have been hurting not only because of the higher dollar but principally because the collapsing housing market has greatly reduced demand for the lumber we export to the US. That and so many large US companies seem to be hell-bent on finding excuses to outsource these days that this will just give them reason to do it more.

You know, I already was getting hooked on ebay, but now it's even worse for me as a Canadian. It helps that I get a lot of commission bonuses at the end of the year. Also, digital downloading from US stores. I already was on board with that kind of thing, but now it's ridiculous. When you take into account the American prices which are sometimes lower, the high Canadian currency, and the lack of taxes on the purchase, it's like buying my games, movies and music with a 15-20% discount.

kuddles wrote:

You know, I already was getting hooked on ebay, but now it's even worse for me as a Canadian. It helps that I get a lot of commission bonuses at the end of the year. Also, digital downloading from US stores. I already was on board with that kind of thing, but now it's ridiculous. When you take into account the American prices which are sometimes lower, the high Canadian currency, and the lack of taxes on the purchase, it's like buying my games, movies and music with a 15-20% discount.

Aren't you mostly just enjoying the purchasing power Americans have had for a while?

Looking at the levels of private debt in the USA, kuddles and I are enjoying the purchasing power Americans have wished for for a while

NemesisZero wrote:

Looking at the levels of private debt in the USA, kuddles and I are enjoying the purchasing power Americans have wished for for a while ;)

Believe or not, I chose my words carefully.

wordsmythe wrote:
kuddles wrote:

You know, I already was getting hooked on ebay, but now it's even worse for me as a Canadian. It helps that I get a lot of commission bonuses at the end of the year. Also, digital downloading from US stores. I already was on board with that kind of thing, but now it's ridiculous. When you take into account the American prices which are sometimes lower, the high Canadian currency, and the lack of taxes on the purchase, it's like buying my games, movies and music with a 15-20% discount.

Aren't you mostly just enjoying the purchasing power Americans have had for a while?

Yeah...so?

wordsmythe wrote:
NemesisZero wrote:

Looking at the levels of private debt in the USA, kuddles and I are enjoying the purchasing power Americans have wished for for a while ;)

Believe or not, I chose my words carefully.

Believe it or not, I was not wholly serious.

If I were, I'd point out that inside one's national economy, the currency's strength is not the only determining factor of one's purchasing power, and outside purchases are rarely so regular as to greatly influence this in private households. So - yeah, maybe the Canadian purchasing power is now where the US-American one used to be. We just can't tell without taking a lot more factors into consideration.

NemesisZero wrote:
wordsmythe wrote:
NemesisZero wrote:

Looking at the levels of private debt in the USA, kuddles and I are enjoying the purchasing power Americans have wished for for a while ;)

Believe or not, I chose my words carefully.

Believe it or not, I was not wholly serious.

If I were, I'd point out that inside one's national economy, the currency's strength is not the only determining factor of one's purchasing power, and outside purchases are rarely so regular as to greatly influence this in private households. So - yeah, maybe the Canadian purchasing power is now where the US-American one used to be. We just can't tell without taking a lot more factors into consideration.

We have their purchasing power and health care! booyaa.

On a serious note Canadians need to use this thread to start posting places they have found online with amazing deals to flex our new monetary might! I'm in bad need of some new clothes.

I went to Montreal once for a 4 day weekend and the food was brutal.. 6 restaurants I swear each one was worse than the other.. plus.. the museums we went to were pretty blah.. (though I couldnt tell you what they were.. some art museum of some sorts..)

Has it gotten better? or did I pick a bad city to go 4 years ago.

TheGameguru wrote:

I went to Montreal once for a 4 day weekend and the food was brutal.. 6 restaurants I swear each one was worse than the other.. plus.. the museums we went to were pretty blah.. (though I couldnt tell you what they were.. some art museum of some sorts..)

Has it gotten better? or did I pick a bad city to go 4 years ago.

I think you picked some bad restaurants or something as the food and nightlife in Montreal is amazing.

Schwartz is a must stop for the best smoked meat in the world.

You know it's getting bad when sexy people turn their backs on the dollar.

Well...crap....

but...on the plus side...trolls house in Canada is now worth a helluva lot more...

wanna get married trollsy?

TheGameguru wrote:

I went to Montreal once for a 4 day weekend and the food was brutal.. 6 restaurants I swear each one was worse than the other.. plus.. the museums we went to were pretty blah.. (though I couldnt tell you what they were.. some art museum of some sorts..)

Has it gotten better? or did I pick a bad city to go 4 years ago.

Montreal used to be a really beautiful city and while it still is to a point, it's slid a lot in the last few years. If you're ever up here again, come to Ottawa. I'm not just saying that because I live here either. Tons of great restaurants and if museums are your thing, we have a ton of them including the brand spanking new National War Museum which is absolutely stunning.

Pigpen wrote:

but...on the plus side...trolls house in Canada is now worth a helluva lot more...

wanna get married trollsy?

A. You're a dude

B. You're a married dude

C. Even if I were gay, I'd like to believe I could do better

But seriously, I've made over $40,000 (US) in exchange rate alone. The Loonie just needs to keep its value for another 8 months.

jowner wrote:
NemesisZero wrote:
wordsmythe wrote:
NemesisZero wrote:

Looking at the levels of private debt in the USA, kuddles and I are enjoying the purchasing power Americans have wished for for a while ;)

Believe or not, I chose my words carefully.

Believe it or not, I was not wholly serious.

If I were, I'd point out that inside one's national economy, the currency's strength is not the only determining factor of one's purchasing power, and outside purchases are rarely so regular as to greatly influence this in private households. So - yeah, maybe the Canadian purchasing power is now where the US-American one used to be. We just can't tell without taking a lot more factors into consideration.

We have their purchasing power and health care! booyaa.

On a serious note Canadians need to use this thread to start posting places they have found online with amazing deals to flex our new monetary might! I'm in bad need of some new clothes.

Flannels and toques wearing a mite thin, eh?

Rat Boy wrote:

You know it's getting bad when sexy people turn their backs on the dollar.

Well, that's interesting...

The crap thing is that the Peso is tied to the dollar value. So if you're declining, we're going further down the drain... =P

Currency here in Bosnia is bolted to the Euro.

Hello Steam, hello Ebay, hello Thinkgeek... It's been a long wait.

Ugh. I'm travelling in Europe right now, and the EURO is on a new rally against the dollar....I think I am getting around .67-.68 Euro/$, which makes me feel like...well, what a Canadian must have felt crossing the US border up until recently.

mateo wrote:

Ugh. I'm travelling in Europe right now, and the EURO is on a new rally against the dollar....I think I am getting around .67-.68 Euro/$, which makes me feel like...well, what a Canadian must have felt crossing the US border up until recently.

If it makes you feel any better, my parents packed up and moved to Mesa, AZ back when the exchange rate from CDN to USD was at it's lowest. They took a huge hit because of it.

Rolling rolllllllling... I should check my old ioffer hookup to see if he has started only accepting payment in Euro's or CDN yet.

China sends loonie flying above $1.10

TAVIA GRANT

Globe and Mail Update

November 7, 2007 at 8:20 AM EST

China's move to diversify its $1.43-trillion (U.S.) in foreign reserves caused a collapse in the U.S. dollar Wednesday and sent the Canadian currency hurtling over the $1.10 mark.

The loonie soared to $1.1024, up almost two full cents from Tuesday's record close of $1.0852. The currency's astonishing gains over the past year are the largest in its history.

http://www.reportonbusiness.com/servlet/story/RTGAM.20071107.wloonie1107/BNStory/Business/home

I think I'm going to spend some money like right now.