Canadian Dollar At $0.9639 USD

[Wookie]

1 Cad = 0.974186 Usd

[ZDogg]

Montana Road Trip here I come!

[Nehkara]

0.9771, almost hit 0.98 earlier this morning.

[Nehkara]

Loonie cracks 98 cents US

The Canadian loonie's strong flight continued Tuesday as it briefly cracked 98 cents US for the first time since Feb. 3, 1977.

After going through the 98-cent plateau, the loonie later retreated. In morning trading on global foreign exchange markets, the Canadian dollar was up 0.62 of a cent at 97.90 cents US.

[GreenTeaFrapp]

Loving this. Being less then 45 minutes from the border keeps getting better and better.

When I go over tomorrow, the shoes I pick up will cost half of what they would cost in Canada.

[Old Yeller]

I think a trip to Vegas is in order...

[GreenTeaFrapp]

Originally Posted by Old Yeller

I think a trip to Vegas is in order...

A trip to Vegas is ALWAYS in order. Even after I just came back from one last week.

[return to the red]

Originally Posted by Old Yeller

I think a trip to Vegas is in order...

done and done, I leave next friday

this being my first time to Vegas I'm super pumped...the dollar just makes it that much better (on the down side though the huge amount of money I plan to win won't be as much as before )

[Finner]

Feds just cut interest rates by .5%. Everyone was expecting .25%. Dollar just took a big jump.

.9805

[albertGQ]

Originally Posted by Finner

Feds just cut interest rates by .5%. Everyone was expecting .25%. Dollar just took a big jump.

.9805

Link???

[Dion]

Originally Posted by Old Yeller

I think a trip to Vegas is in order...

With my Phoenix vacation being canceled due to an imminent death in the family, (Uncle has lung cancer) Vegas might be my next option in the new year. Never been there and had it in my plans for the future

[albertGQ]

Originally Posted by Finner

Feds just cut interest rates by .5%. Everyone was expecting .25%. Dollar just took a big jump.

.9805

Never mind. I thought you meant the Canadian federal gov't. Yeah, I see the US feds cut it by half a point

[troutman]

Great - I'm going to NYC in October.

[Sylvanfan]

I think I have to go to the U.S. and buy up all the liquor and cigarettes I can get my hands on. For this rate and their prices....how can I not!!! Too bad Alberta borders such a boring state like Montana.

[Finner]

Fed cuts rates by a half point

The Federal Reserve lowers the target on a key short-term interest rate for the first time in four years from 5.25% to 4.75%

The Federal Reserve cut the target on a key short-term interest rate by a half of a percentage point Tuesday to 4.75%, further acknowledgment from the central bank that the mortgage meltdown plaguing Wall Street and Main Street could have a negative impact on the economy.
The cut to the federal funds rate, the first since June 2003, was widely anticipated by investors and followed a surprise cut to the Fed's discount rate on August 17. The only question was whether the Fed would lower the federal funds rate by 25 basis points or 50 basis points. (There are 100 basis points in a full percentage point.)
The federal funds rate, an overnight lending rate that banks charge each other, is important since it influences the amount of interest consumers must pay for various types of debt, such as credit cards, home equity lines of credit and auto loans. The rate cut should help some beleaguered home borrowers who are set to see monthly payments on adjustable rate mortgages rise later this year.

Interesting Stuff.

[Dion]

My bank, RBC, is quoting a buy rate of 1.0451

[GreenTeaFrapp]

They were talking parity by the end of the year. I think you'll see parity now by the end of the week!

[Old Yeller]

Originally Posted by Finner

Interesting Stuff.

I like how they have to qualify that there are 100 basis points in a percentage point. If Americans can't figure that out then I believe I can see another reason for the mortgage crisis down there.

[Slava]

Originally Posted by Old Yeller

I like how they have to qualify that there are 100 basis points in a percentage point. If Americans can't figure that out then I believe I can see another reason for the mortgage crisis down there.

Good eye...that is hilarious!

The issue though is that people will lend the money to someone who can't figure that out in the first place!

[anyonebutedmonton]

Originally Posted by Dion

My bank, RBC, is quoting a buy rate of 1.0451

Thats a terrible rate right now... it translates to .9568