Canadian Dollar At $0.9639 USD

[Dion]

Something else is equally important: evidence that Canada's economy is capable of decoupling from its dependence on the United States.

This would let it resist the slowdown that's been shrinking the value of the U.S. dollar against other major currencies.

In the past, our dollar usually floated up and down with the U.S. currency because the U.S. market for our manufactured goods was an overwhelmingly important factor in Canada's economic health.

While the fate of many Canadian factories is still tied closely to demand south of the border, this is less important to our economy in an era of booming prices for our petroleum and metals, where global demand keeps prices high.

http://www.canada.com/montrealgazett...1-86c26444a404

[MacDougalbry]

Originally Posted by 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.

Montana is underrated... Actually, the Going To The Sun road is a pretty freakin cool drive, and at the other end of the road lies Whitefish and Kalispell, where you can buy pretty much anything these days (Costco, Home Depot, Target, Lowes). There is no state sales tax, and you can bring back $800 a person to Canada. If you're shopping for electronics, check out Vanns.com. They have a store in Kalispell, but you should phone the store to pre-order anything you want from the web site for pickup at the store, as the stock is small. (Phone the store, not the main web site as they web site doesn't take Canadian orders.)

[Dion]

Originally Posted by anyonebutedmonton

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

That's the buy rate.

Banks charge a fee to sell you American currency.

[ken0042]

Originally Posted by anyonebutedmonton

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

Originally Posted by Dion

That's the buy rate.

Banks charge a fee to sell you American currency.

Well, TD is at 1.039 right now. Maybe RB doesn't update their site as often.

[Eagle Eye]

Can you use your canadian costco memebership in the states? And has anyone checked to see if there is much of a difference on products there?

[Dion]

Originally Posted by ken0042

Well, TD is at 1.039 right now. Maybe RB doesn't update their site as often.

Could be. I'll do another check and phone my banker.

[Dion]

Originally Posted by Eagle Eye

Can you use your canadian costco memebership in the states? And has anyone checked to see if there is much of a difference on products there?

Yes you can. Products differ from store to store.

[Canada 02]

nm

[Nehkara]

HUGE HUGE jump!!!

0.9870, closing in on par at this rate!

[Dion]

Originally Posted by ken0042

Well, TD is at 1.039 right now. Maybe RB doesn't update their site as often.

RBC, last quote was at 14:01:57 EST while TD's was at 15:05:03 EDT 2007.

You are correct, RBC, doesn't update as often.

[Eagle Eye]

So I can bring back $800/person, is that for a 24 hour period? Were do I find out this info?

[MacDougalbry]

Live action:


http://www.fxstreet.com/rates-charts/currency-rates/

[MacDougalbry]

Originally Posted by Eagle Eye

So I can bring back $800/person, is that for a 24 hour period? Were do I find out this info?

48 hour period.

You can book a hotel in Kalispell on PriceLIne for $80. You can camp in West Glacier for $25.

EDIT: Actually, it's $400/person, sorry.

[Nehkara]

Look at this:

[Dion]

Originally Posted by Eagle Eye

So I can bring back $800/person, is that for a 24 hour period? Were do I find out this info?

1. Less than 48 hours stay - You may anytime bring back $200 (U.S.) worth of personal merchandise. Remember, if you exceed the $200 exemption, all your items become dutiable.
2. Over 48 hours stay - Every 30 days you are allowed to bring back free of tax and duty $800.00 (U.S.) worth of personal merchandise. You may include 100 cigars (non-Cuban), 200 cigarettes and 1 litre (34 oz.) of alcoholic beverage as part of your exemption. Articles in excess of the personal exemption up to $1,000 will be assessed a duty. Members of families traveling together are permitted to combine their exemptions. Unsolicited gifts worth up to $50.00 (U.S.) may be sent by mail into the U.S.

http://www.visitwindsor.com/meetinga...ustoms.htm#faq

[MacDougalbry]

Canadian Residents Returning to Canada:
$50 exemption after 24 hours (excluding alcohol or tobacco products).
$400 exemption after 48 hours $750 after 7 days
After 24 hours in the United States, Canadian residents can import $50.00 CDN worth of goods duty free.
After 48 hours - NEW ALLOWANCE
As of March 2007, after 48 hours in the United States, Canadian residents can import $400.00 CDN worth of goods duty free.
After 7 days -You can claim the $750.00 CDN exemption anytime you have been out of Canada for at least 7 days. Former rulings allowed this exemption only once a year.
Tobacco Products
If you qualify for the 48 hour or 7 day exemption, your exemption may include:
200 cigarettes;
50 cigars or cigarillos;
200 tobacco sticks; and
200 grams of manufactured tobacco.
Alcohol Products
If you qualify for the 48 hour or 7 day exemption, your exemption may include:
1.5 litres of wine;
1.14 litres (40 oz.) of liquor; or
24 355 ml cans/bottles (8.5 litres) of beer or ale.

[MacDougalbry]

nmsg.

[Dion]

Originally Posted by Nehkara

Look at this:

I think by days end I could be buying more American dollars.

[MacDougalbry]

Originally Posted by Dion

1. Less than 48 hours stay - You may anytime bring back $200 (U.S.) worth of personal merchandise. Remember, if you exceed the $200 exemption, all your items become dutiable.
2. Over 48 hours stay - Every 30 days you are allowed to bring back free of tax and duty $800.00 (U.S.) worth of personal merchandise. You may include 100 cigars (non-Cuban), 200 cigarettes and 1 litre (34 oz.) of alcoholic beverage as part of your exemption. Articles in excess of the personal exemption up to $1,000 will be assessed a duty. Members of families traveling together are permitted to combine their exemptions. Unsolicited gifts worth up to $50.00 (U.S.) may be sent by mail into the U.S.

http://www.visitwindsor.com/meetinga...ustoms.htm#faq

OK, sorry for the confusion, the limit used to be $200 but was recently changed to $400 and most web sites are out of date. I believe the above quote citing $800 is for Americans returning to the US.

[Juventus3]

I just noticed abercrombie and fitch has started their Canadian website. Prices are 20 to 30 dollars higher per shirt or what have you. There's no way of accessing the american site in canada anymore.

I'd expect more and more companies to start canadian sites so they can keep our prices higher. What a joke.