OMG!!! the Canadian dollar is worth more than U.S

Discussion in 'General Discussion' started by Mega-Prime, Sep 20, 2007.

  1. Mega-Prime

    Mega-Prime Well-Known Member

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    At least it was for about a minute. :D 

    Woot woot!!!

    [​IMG]
     
  2. Phy

    Phy I want... ROOM SERVICE!!

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    In the words of doctor sbaitso:

    PARITY
     
  3. Random Autobot

    Random Autobot Soviet Kanukistani

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    About time. It's been well over 30 years since our dollar was higher than theres.
     
  4. MegaMoonMan

    MegaMoonMan www.megamoonman.com TFW2005 Supporter

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    How long has it even been close?

    Last time I looked, it was around 60 cents to the US dollar. I guess it's time to quit using Canadian money in the Monopoly set and cash it in!
     
  5. Random Autobot

    Random Autobot Soviet Kanukistani

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    It's been hovering between 87 - 97 cents on the dollar for over a year or so. I noticed it go up to 99 cents yesterday, and had a feeling it might surpass it today.
     
  6. megacron

    megacron THIS IS SPARTA!!!!!!!!!!!

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    [​IMG]
    This calls For A Money Party yay Note:All Money Goes To Me:)  now if only i could get a candian dollar...
     
  7. Team Jetfire

    Team Jetfire Pop-POP!

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    Closed at 99.92.

    I am sooo hitting up Vegas later this year.
     
  8. Cheetatron

    Cheetatron Eh

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    what aspect of an economy determines the worth of its currency it certainly isnt GDP
     
  9. ShortCircuit

    ShortCircuit Decepticon

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    well, duhh, the northwest passage opened HEllOWWWW...lol j/k
     
  10. soundwaveCA

    soundwaveCA Veteran

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    Now all we need is the banks and Paypal to adjust their exchange rates to reflect this.
     
  11. Team Jetfire

    Team Jetfire Pop-POP!

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    It is the full picture of the contry

    The Canadian Dollar didn't really go up. The American dollar went down.

    American interest rates were cut...investor lost confidence in a poor US economy...they are putting their money elsewhere.
     
  12. Random Autobot

    Random Autobot Soviet Kanukistani

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    Actually, it's not solely a case of the US dollar dropping. The canadian dollar has been climbing steadily for a while, while the US dollar has been dropping rapidly. The CAD has also made some gains against the euro, lately.
     
  13. Vangelus

    Vangelus Long Live the New Flesh Moderator Content Contributor

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    Bitcheeeees, taste my colourmoney. :D 

    What sucks is this means Canadian retail prices are officially still a ripoff.
     
  14. Team Jetfire

    Team Jetfire Pop-POP!

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    But the latest spike was directly related to the Interest rate cuts.

    Either way it is good news for anyone who like to buy stuff from the states.
     
  15. Random Autobot

    Random Autobot Soviet Kanukistani

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    I'd love for retailers to explain why everything is still pricier here, considering how fucking close the 2 dollars are.
     
  16. canprime

    canprime Well-Known Member

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    I'm really hoping that the dollar exceeds the US dollar consistently this coming week. It means the exchange should be reflected fairly close by the end of next week when I plan to do some cross border shopping.

    Now if there was some way for retailers to actually make a change in pricing fairly quickly, then I might spend my money in Canada.
     
  17. toma

    toma eskimo in disguise

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    well, now is a good time to start buying stuff online instead of in stores i guess, considering they still hike the prices on everything by about 20-50%.
     
  18. Vangelus

    Vangelus Long Live the New Flesh Moderator Content Contributor

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    For those not in Canada:

    Most all of our retail prices seem to be based on the incredibly old exchange rate of ~60-70%. Pertinent example being our TFs; you basically add 50% of the US retail to the US retail price, and you have our retail price.

    International retail is typically awful, but in our case it's odd that it never evolved with the growing exchange rate, IMO.
     
  19. Dark_Convoy

    Dark_Convoy Old Bastard Veteran

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    I, for one, welcome our new Canadian overlords, may they bestow us with much bacon, which is really just ham that's called bacon for some reason.
     
  20. OmegaScourge

    OmegaScourge Custom Made TFW2005 Supporter

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    well...right now:

    1.00 USD
    United States Dollars
    1 USD = 1.00247 CAD

    =

    1.00247 CAD
    Canada Dollars
    1 CAD = 0.997531 USD

    so it seems like it aint just for a minute.
     

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