Canadian Dollar At $0.9639 USD

[FireFly]

Originally Posted by albertGQ

Don't people know that supply and demand are bigger indicators on the selling price than the cost to make?

If enough people choose not to buy the products (books for an example), the demand will fall and the price will be forced to fall.

So really what you're saying is that people in the US don't read and that's why books are cheaper there....

[Dion]

Originally Posted by albertGQ

If people are still willing to pay $50cdn for a book that retails for $20US, than where is the incentive for the retailers to reduce the price?

If I can sell 100 books for $50 each or 100 books for $20 each, why would I lower the price?

###!

It's quite obvious the retailers are not passing on the savings to the consumer. If enough people bought thier books on line it might force retailers to lower their prices.

[soulchoice]

That is why I will never shop or buy things in Canada unless I absolutely need it right now. I am fortunate that I travel to the US almost once or twice a month, so now and for the forseeable future will buy stateside(clothes, electronics, pretty much anything). I shop where I can save money, right now, its the US.

Going to US soon as well to pick up a couple of vehicles now as well. Luxury cars/trucks is where one can save the most though.

[Hemi-Cuda]

what if you try to go to a book store in Canada and pay for a $20 book in American dollars? would they actually accept it?

[Dion]

The last time the Canadian dollar was on par with its U.S. counterpart, oil prices were at record highs, the Canadian economy was in a period of sustained growth and the Bank of Canada was concerned about inflation. Sound familiar?

It has taken 31 years for the Canadian dollar to make its way back to level ground since it last topped the greenback on Nov. 25, 1976.

(Click here for an interactive look at some of the forces that have moved the price of the Canadian dollar over the last 35 years.)

http://calgary.theglobeandmail.com/s...background0920

[arsenal]

Originally Posted by Hemi-Cuda

what if you try to go to a book store in Canada and pay for a $20 book in American dollars? would they actually accept it?

I think someone tried that. They said no.

[octothorp]

Originally Posted by Dion

###!

It's quite obvious the retailers are not passing on the savings to the consumer. If enough people bought thier books on line it might force retailers to lower their prices.

Not at all true. In most cases, it's the distributors who are making the obscene profits in the book industry, while most retailers are forced to buy books at the same prices that they bought books in the past. I understand the frustration directed towards retailers, but except for the rare cases where a bookstore is buying the book directly from American publishers (usually not an option), booksellers don't really profit from the situation at all.

[Bertuzzied]

Originally Posted by jharp

Does it do this automatically? Does this save you time, money or both?

I pay $15us a month and it's the premier service. You choose what to have shipped to you and when you want it, within a months time. So if you buy electronics, you can actually have them ship the box and the manuals to you in a different parcel. Plus you choose what to put on the customs declaration slip.

It doesn't save you time as it has to be sent to houston first before it is sent to Calgary. It saves me money for sure because alot of the cheaper places only ship to the US, so there is no other option.

Some places are only accepting credit cards issued in the US too now, so I'm in the process of a applying for one too.

[FlameCity]

It's actually the publishers that set the book price. My sister manages a book store so she has to deal with customers all the time that complain about the discrepancy in the costs . . . which is pointless because there is absolutely nothing that she can do about it. Best thing to do would be to complain directly to the publishers. Maybe if they actually got enough complaints they would do something about it.

[Dion]

Originally Posted by octothorp

Not at all true. In most cases, it's the distributors who are making the obscene profits in the book industry, while most retailers are forced to buy books at the same prices that they bought books in the past. I understand the frustration directed towards retailers, but except for the rare cases where a bookstore is buying the book directly from American publishers (usually not an option), booksellers don't really profit from the situation at all.

Fair enough.

[metal_geek]

So will all the canadian ebayers be selling stuff in Canadian Dollars now?

Heck.. Will all the ammericans be selling stuff in canadian dollars?
________
DC MARIJUANA DISPENSARIES

[arsenal]

Originally Posted by metal_geek

So will all the canadian ebayers be selling stuff in Canadian Dollars now?

Heck.. Will all the ammericans be selling stuff in canadian dollars?

For the short term. Probably not. If this trend continues, there may be a move towards people wishing to do business in CDN $'s.

One thing is for sure, the player salaries just got a little cheaper

[Bertuzzied]

Originally Posted by Byrns

How much are you paying for it? Have you had a lot of stuff shipped?

I bought 2 camcorders, a henkels knife set, and a whole bunch of clothes.

You do need to have a form notarized before your account can be set up. Thanx again to troutman!

Oh yeah NEVER have things shipped to you internationally with UPS!!! You can thank me later. Use USPS or Purolator.

[Neeper]

Ladies and Gentlemen. The Loonie has hit par!!!

$1 USD = $1.001 CDN

I don't know about you guys, but I am opening up a USD account tomorrow and I am gonna start saving up on some USD. Also.. it's time to start buying some of those stocks on the NYSE/Nasdaq you've been eyeing. Especially if you want to invest long term.

[4X4]

Is that the value at closing?

[return to the red]

Originally Posted by Neeper

Ladies and Gentlemen. The Loonie has hit par!!!

$1 USD = $1.001 CDN

I don't know about you guys, but I am opening up a USD account tomorrow and I am gonna start saving up on some USD. Also.. it's time to start buying some of those stocks on the NYSE/Nasdaq you've been eyeing. Especially if you want to invest long term.

really, i'm showing .9983

[Flames_Gimp]

sweet. time to play the stockmarket

[flip]

ha. my dad bought $1000USD today when it was at par just because he could. he's a banker so he didn't exactly go out of his way but i just thought it was funny that he almost has resentment towards the fact that our dollar has sucked for so long.

[McG]

I can tell you that quite a few organizations are taking FX positions with the dollar above par.

this is viewed as a relatively short term thing...but it is likely to stay this way for a little while.

economically speaking, a long term dollar at par isn't likely a good thing for Canada. The good news is that the BoC is likely to reduce interest rates to keep the dollar getting too high. If they don't, the combination of high interest rates, an export based economy, and a high dollar versus our primary trading partner may lead to some recessionary tendencies if they don't cut rates.

On the other hand, a higher interest rate may increase the savings rate, which will reduce inflationary tendencies...but at what cost? jobs. not good.

its tricky but i expect that the BoC will be looking at reducing overnight rates first and then eyeballing prime.

[Claeren]

Originally Posted by McG

economically speaking, a long term dollar at par isn't likely a good thing for Canada.

I am getting tired of these types of comments from certain corners.

The dollars value is the result of various conditions of the economy being valuated in the open market versus other world economies. It is by definition the valuation of our output. It can't be "too high"or ""too low" because if it were either it would simply move to where it should be over time.

Even when used to support positions like "the dollar is killing our manufcturing sector" it is not true. Our manufacturing sector is dying because (off the top of my head) (1) increased competition from 3rd world countries (2) low Canadian productivity and (3) the higher relative output dollar from natural resource extraction versus manufacturing for every input dollar invested. The current rise of the dollar is the sum reflection of all of those factors. No one mentions that manufacturing has been in decline since its peak (as a percentage of total output) in like 1946! ALl they talk about is how the "dollar is too high".

That dollar simply cannot be "too high" or "not be a good thing for Canada". It IS Canada (for better or worse) - that is what it represents, the sum of all Canadian economic value.


The only thing it can do is move too quickly up or down, but moderation of currency valuation is an entirely different thing...



Claeren.