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Old 09-12-2007, 12:02 PM   #21
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This is great news concerning the dollar.

Could be headed to Phoenix for the month of December - finding affordable place to rent is the stumbling block. Might have to bring home a new tv and a set of golf clubs.
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Old 09-12-2007, 01:28 PM   #22
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Sort of related...but not entirely. I saw a thing on the news recently in which some credit cards are now charging a 2.5% fee for foreign currency transactions. So they make money by giving you a lower than market rate...and they ding you a 2.5% fee. Just something to keep in mind if you are going to the U.S. Check with your card to see if they're charging it, and if they are you might want to bring some extra cash with you. Afterall is there anything more fun than having 65 bills in your wallet and them amounting to like $800 because you somehow collected 32 $1 bills.
Yeah, and apparently this is to be looked at by the finance ministry. This seems ridiculous to me...it is just safer, more convenient and easier to travel with a credit card. Not to mention that this is the core service of a bank...it is not costing them more money to do these transactions! Its a pure money grab, just like ATM fees.
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Old 09-12-2007, 01:37 PM   #23
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Yeah, and apparently this is to be looked at by the finance ministry. This seems ridiculous to me...it is just safer, more convenient and easier to travel with a credit card. Not to mention that this is the core service of a bank...it is not costing them more money to do these transactions! Its a pure money grab, just like ATM fees.
Yeah for things like Hotels, rental cars, other stuff, a credit card is usually the way they like you to pay for that stuff. I mean if you get a hotel for a week and rent a car in most cases thats around $1200 right there in which your're getting dinged an extra $30 for no good reason. Just reeks of a total cash grab.
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Old 09-12-2007, 01:42 PM   #24
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Bah! I kept around $400 US from when I went to Palm Springs in February, thinking I wouldn't bother to exchange it as I would just have to get more money next time I went down. I should have just gone with the 2nd hooker like the agency asked, now I feel like that money is melting away even as I type this!
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Old 09-12-2007, 01:50 PM   #25
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$0.9653, almost time for the markets to close.
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Old 09-12-2007, 01:55 PM   #26
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xe.com is another good site if you want to check currencies. They are pretty much up to date on all the major ones.
As of now, $1 CDN is worth about $0.65 EURO.
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Old 09-12-2007, 02:20 PM   #27
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This is great news concerning the dollar.
I'm one of the few that hates the dollar getting so high. Was great a few years ago when the difference was staggering. I run an online company and get paid in US currency. The more the dollar goes up, the more money I lose.

I long for the .65 to .70 cent days...
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Old 09-12-2007, 03:13 PM   #28
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Sort of related...but not entirely. I saw a thing on the news recently in which some credit cards are now charging a 2.5% fee for foreign currency transactions. So they make money by giving you a lower than market rate...and they ding you a 2.5% fee. Just something to keep in mind if you are going to the U.S.
CIBC's been doing this for years, so I switched to TD before my three month trip this summer.
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Old 09-12-2007, 03:17 PM   #29
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CIBC's been doing this for years, so I switched to TD before my three month trip this summer.
Did that make a difference? I thought all the credit card companies charged the extra surcharge on exchanges?
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Old 09-12-2007, 03:19 PM   #30
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.9648. I get mine from direct market access...i work in a brokerage

Its not so much our dollar thats high though. Its more that the US dollar is the lowest its been in something like 15 years.

Maybe it will be good news for the US economy and give some help in terms of the trade deficits they have with every country. (Kind of like when our dollars low and Ontarios manufacturing industry booms).
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Old 09-12-2007, 03:21 PM   #31
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Originally Posted by Sylvanfan View Post
Sort of related...but not entirely. I saw a thing on the news recently in which some credit cards are now charging a 2.5% fee for foreign currency transactions. So they make money by giving you a lower than market rate...and they ding you a 2.5% fee. Just something to keep in mind if you are going to the U.S. Check with your card to see if they're charging it, and if they are you might want to bring some extra cash with you. Afterall is there anything more fun than having 65 bills in your wallet and them amounting to like $800 because you somehow collected 32 $1 bills.
My RBC Visa was charging me 1.0807 this weekend when I was down in Seattle...I dont know what the difference would have been but too me I cant stand American money so its not worth the small amount to worry about it and just throw it on Visa and pay it off when I get home.
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Old 09-12-2007, 03:22 PM   #32
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I'm one of the few that hates the dollar getting so high. Was great a few years ago when the difference was staggering. I run an online company and get paid in US currency. The more the dollar goes up, the more money I lose.

I long for the .65 to .70 cent days...
One of my university buddies publishes a magazine and he was cursing the high Canadian dollar. Every time the dollar increases, his advertising revenue paid in American dollars shrinks.
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Old 09-12-2007, 03:45 PM   #33
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Did that make a difference? I thought all the credit card companies charged the extra surcharge on exchanges?
I can't make a direct comparison seeing as the exchange rates fluctuates... but 2.5% on say, $5000, is $125, so it's significant. CIBC rips you off more than most, that's why they had a class action lawsuit against them. They basically double dip... you lose money on the exchange rate, then they take an extra 2.5% on top of that. I also switched my chequing account for to the highest minimum balance one that gives waives the ATM withdrawal fee at all PLUS network ATMs, which CIBC does not offer.

Last edited by SebC; 09-12-2007 at 03:51 PM.
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Old 09-12-2007, 03:53 PM   #34
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One could also get a U.S. credit card for using in the States.
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Old 09-12-2007, 04:44 PM   #35
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Awesome. I'm heading to the U.S. this weekend for some shopping so I'll enjoy it even more now.
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Old 09-13-2007, 09:55 AM   #36
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update:

Dollar @ .9681
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Old 09-13-2007, 10:34 AM   #37
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update:

Dollar @ .9681
Wow. That is a 30-year-high period. Previous high was .9672.
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Old 09-13-2007, 10:37 AM   #38
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0.9689
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Old 09-13-2007, 10:39 AM   #39
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http://www.cbc.ca/money/story/2007/09/13/dollar.html

Dollar hit 0.9694 this morning... perhaps it can make it to 0.97 before the end of the day?
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Old 09-13-2007, 10:41 AM   #40
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At the duty free I was shopping at this week they were giving CND on par with the USD when you shopped there.
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