11-09-2007, 01:52 PM
|
#121
|
|
Lifetime Suspension
Join Date: Aug 2005
Location: Philtopia
|
Probably the best news for consumers in years. This is good on many levels as it will force canadian products to improve in quality in order to compete with american products of the same nature. I'm looking forward to my xmas vacation in whitefish even more now, for once it costs less to leave the country. And the booze will seem even more rediculously cheap!
|
|
|
|
11-09-2007, 02:23 PM
|
#122
|
|
Franchise Player
|
Quote:
Originally Posted by flamesaresmokin
Probably the best news for consumers in years. This is good on many levels as it will force canadian products to improve in quality in order to compete with american products of the same nature. I'm looking forward to my xmas vacation in whitefish even more now, for once it costs less to leave the country. And the booze will seem even more rediculously cheap!
|
Better convert soon... back to $1.05 now!!
|
|
|
|
|
11-09-2007, 10:18 PM
|
#123
|
|
First Line Centre
Join Date: Oct 2006
Location: San Jose, CA
|
Wow, that's insane. When I moved to the USA 7 years ago the Canadian dollar was only worth $.60 and now it's well over a buck! It SUCKED to pay tuition back then....
anyone thinking of going to school in the US, it would be a great time now!
|
|
|
|
|
11-09-2007, 10:25 PM
|
#124
|
|
Such a pretty girl!
Join Date: Jan 2004
Location: Calgary
|
Quote:
Originally Posted by OilersBaby
anyone thinking of going to school in the US, it would be a great time now!
|
I would if I could get a guarantee it won't be back at $0.60 after the first year.
__________________
|
|
|
|
|
11-14-2007, 03:11 PM
|
#125
|
|
Powerplay Quarterback
|
__________________
Your resident Apple fan-boy.
|
|
|
|
|
11-14-2007, 04:11 PM
|
#126
|
|
Franchise Player
Join Date: Jul 2005
Location: in your blind spot.
|
Quote:
Originally Posted by Juventus3
|
They want to soften the fall.
The Canadian Dollar stays high, but the Fed can't do much for fear of triggering inflation which is also at the high end of their comfort zone.
The way it is supposed to work is the high dollar hurts exports,
which causes layoffs,
which drives down purchasing power,
which lowers inflation,
which then allows the Feds to lower interest rates, to decrease pressure on the dollar,
which releives the pressure on exports,
and things settle down.
It is all a balancing act and the dramatic decline in the US Dollar, which was magnified by the mortgage crisis in the US, has made life tricky for many other countries.
These warning the BoC have issued are an attempt to lower the value of the Canadian dollar so that the effects I listed above can happen gradually and allow for corrections.
You can almost think of it like driving on an icy road. If you are going a safe speed then any little wiggles can handled. But if things go too fast then there is a real danger of over steering and crashing.
__________________
"The problem with any ideology is that it gives the answer before you look at the evidence."
—Bill Clinton
"The greatest obstacle to discovery is not ignorance--it is the illusion of knowledge."
—Daniel J. Boorstin, historian, former Librarian of Congress
"But the Senator, while insisting he was not intoxicated, could not explain his nudity"
—WKRP in Cincinatti
|
|
|
|
|
11-14-2007, 04:40 PM
|
#127
|
|
Scoring Winger
|
Quote:
Originally Posted by flamesaresmokin
I'm looking forward to my xmas vacation in whitefish even more now, for once it costs less to leave the country. And the booze will seem even more rediculously cheap!
|
Oh how I miss the Great Northern haha...
|
|
|
|
|
11-14-2007, 05:12 PM
|
#128
|
|
Franchise Player
|
Alan Greenspan was on the Daily SHow a few weeks ago, he said that he was no better and predicting market trends in the 60s when he started then he is now, the biggest reason, he can't predict people's behaviour. It was a fascinating comment.
__________________
|
|
|
|
|
11-14-2007, 06:38 PM
|
#129
|
|
Franchise Player
Join Date: Jul 2005
Location: in your blind spot.
|
Quote:
Originally Posted by corporatejay
Alan Greenspan was on the Daily SHow a few weeks ago, he said that he was no better and predicting market trends in the 60s when he started then he is now, the biggest reason, he can't predict people's behaviour. It was a fascinating comment.
|
It's why economics is a social science.
__________________
"The problem with any ideology is that it gives the answer before you look at the evidence."
—Bill Clinton
"The greatest obstacle to discovery is not ignorance--it is the illusion of knowledge."
—Daniel J. Boorstin, historian, former Librarian of Congress
"But the Senator, while insisting he was not intoxicated, could not explain his nudity"
—WKRP in Cincinatti
|
|
|
|
|
11-14-2007, 10:54 PM
|
#130
|
|
Franchise Player
Join Date: Dec 2003
Location: Sunshine Coast
|
I look at it as once we went off the gold standard we no longer have much control on the value of our dollar. It's all decided by speculators and foreign bankers who previously drove our dollar down so they could buy our resource companies at reduced rates.
|
|
|
|
|
11-15-2007, 09:41 AM
|
#131
|
|
Powerplay Quarterback
|
What site is it again that shows you the dollars value in real time? I was going to wait to buy some US cash, but with yesterdays fall I maybe should do it now.
|
|
|
|
|
11-15-2007, 09:43 AM
|
#132
|
|
Playboy Mansion Poolboy
Join Date: Apr 2004
Location: Close enough to make a beer run during a TV timeout
|
http://ca.finance.yahoo.com/q?s=CADUSD=X
Yep- I should have bought my US dollars last week. 
|
|
|
|
|
11-15-2007, 09:43 AM
|
#133
|
|
Referee
Join Date: Jan 2005
Location: Over the hill
|
Quote:
Originally Posted by Stranger
What site is it again that shows you the dollars value in real time? I was going to wait to buy some US cash, but with yesterdays fall I maybe should do it now.
|
http://www.xe.com
|
|
|
|
|
11-15-2007, 08:10 PM
|
#134
|
|
Powerplay Quarterback
|
Wow, the dollar is falling faster than it rose. We're almost back to par. (1.01252 cents)
|
|
|
|
|
11-15-2007, 10:08 PM
|
#135
|
|
Not a casual user
Join Date: Mar 2006
Location: A simple man leading a complicated life....
|
Quote:
Originally Posted by ken0042
|
I got sucked into the comments that the dollar would rise to $1.25.
__________________
|
|
|
|
|
11-16-2007, 12:35 AM
|
#136
|
|
Franchise Player
Join Date: Aug 2002
Location: Calgary, AB
|
well, it was fun while it lasted. I guess we all should have known there's no way it would be allowed to stay high. Either the market or the government would intervene. I just hope it hovers close enough to par to keep a unified North American currency a possibility.
|
|
|
|
|
11-16-2007, 01:11 AM
|
#137
|
|
One of the Nine
|
I don't see much of an advantage of a unified NA currency when Canada and America have such different ideologies, a border and drastically different densities.
|
|
|
|
|
11-16-2007, 05:04 AM
|
#138
|
|
First Line Centre
Join Date: Apr 2006
Location: Calgary
|
Quote:
Originally Posted by ken0042
|
I bought some blue chip US stocks when the dollar was $1.07!
Too bad the market crashed and at the moment, even with the 5-6% currency gain, I'm still in the red ><
|
|
|
|
|
11-16-2007, 07:26 AM
|
#139
|
|
Playboy Mansion Poolboy
Join Date: Apr 2004
Location: Close enough to make a beer run during a TV timeout
|
The worst for me was I really didn't see any of the benefits. We bought our sports tickets in August and September with 95˘ CND dollars, and also pre-paid for the hotel. (I told my buddy not to use Orbitz, but anyways.) So I was at least taking some comfort in the fact that I was going to do better with the "hookers and blow" fund.
And so yesterday I turned $500 CDN into $509 US. Not exactly the windfall I was hoping for. 
|
|
|
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
All times are GMT -6. The time now is 04:25 PM.
|
|
