Discussion in 'General Discussion' started by Mega-Prime, Sep 20, 2007.
At least it was for about a minute.
In the words of doctor sbaitso:
About time. It's been well over 30 years since our dollar was higher than theres.
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!
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.
This calls For A Money Party yay Note:All Money Goes To Me now if only i could get a candian dollar...
Closed at 99.92.
I am sooo hitting up Vegas later this year.
what aspect of an economy determines the worth of its currency it certainly isnt GDP
well, duhh, the northwest passage opened HEllOWWWW...lol j/k
Now all we need is the banks and Paypal to adjust their exchange rates to reflect this.
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.
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.
Bitcheeeees, taste my colourmoney.
What sucks is this means Canadian retail prices are officially still a ripoff.
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.
I'd love for retailers to explain why everything is still pricier here, considering how fucking close the 2 dollars are.
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.
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%.
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.
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.
United States Dollars
1 USD = 1.00247 CAD
1 CAD = 0.997531 USD
so it seems like it aint just for a minute.
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