Canadian Dollar At $0.9639 USD - Page 13 - Calgarypuck Forums - The Unofficial Calgary Flames Fan Community

FlamesAddiction · 09-20-2007, 10:54 PM

Quote:

Originally Posted by BlackArcher101

Now @ 1.00 CAD = 1.00368 USD

I just looked and it said that 1 USD is worth 99.5 cents Canadian. That just sounds so bizarre.

Bertuzzied · 09-20-2007, 10:56 PM

Quote:

Originally Posted by HOOT

This is crazy...I never thought I would see the day, then Bush got elected

Hmmm prob more to do with him getting RE-elected.

Well all Cdn shoppers know who to thank. hehe

Nehkara · 09-20-2007, 11:01 PM

1.0053. Over 1/2 a cent now!

getbak · 09-20-2007, 11:06 PM

Strangely enough, exactly 5 years ago today, I took my first ever big trip to the States as an adult. I just checked my records from then and I paid $1.62CDN for every US$ I spent on that trip.

At that time, I never thought I'd see this day.

albertGQ · 09-21-2007, 12:01 AM

Why is the dollar still moving? Isnt' the markets closed right now?

getbak · 09-21-2007, 12:03 AM

Quote:

Originally Posted by albertGQ

Why is the dollar still moving? Isnt' the markets closed right now?

International markets.

It's 8am in Europe right now and 7am in the UK, so the most recent trading would likely be from Asia.

Frequitude · 09-21-2007, 12:08 AM

Where's the best place to track the dollar in real time for all markets? I'd kinda like to be watching when we hit par.

Nehkara · 09-21-2007, 12:22 AM

Quote:

Originally Posted by Frequitude

Where's the best place to track the dollar in real time for all markets? I'd kinda like to be watching when we hit par.

Sorry buddy, we hit part over 12 hours ago.

http://ca.finance.yahoo.com/q?s=CADUSD=X

Neeper · 09-21-2007, 01:29 AM

Quote:

Originally Posted by Frequitude

Where's the best place to track the dollar in real time for all markets? I'd kinda like to be watching when we hit par.

Go to one of these sites: http://www.google.ca/search?q=forex+...ient=firefox-a

Download the free paper trading software and watch it move!! Play around and paper trade too. I am sure there is a better solution, but I like watching the dollar move every second.

HOOT · 09-21-2007, 04:04 AM

3am PST and it has dropped back below even... 0.9995

HOOT · 09-21-2007, 04:14 AM

320 0.9990....god why can't I sleep tonight

Nehkara · 09-21-2007, 08:58 AM

After briefly slipping below parity, the C$ is now above parity once more. It currently sits at 1.0002.

KTown · 09-21-2007, 09:25 AM

Soon all athletes will want to be paid in canadian dollars, wouldn't that be a site.

BlackEleven · 09-21-2007, 09:33 AM

Quote:

Originally Posted by getbak

Strangely enough, exactly 5 years ago today, I took my first ever big trip to the States as an adult. I just checked my records from then and I paid $1.62CDN for every US$ I spent on that trip.

At that time, I never thought I'd see this day.

Canadian dollar over the last 5 years:
http://finance.yahoo.com/q/bc?s=CADU...=on&z=m&q=l&c=

Look at that baby climb!

Claeren · 09-21-2007, 09:46 AM

Quote:

Originally Posted by McG

i defer to your understanding of delinking from the us economy, however i am challenged by the concept that china or india will pick up the slack. if this were true, we would already be selling to these countries at the level required to pick up the slack. i don't doubt that it could happen, however the costs associated with transporting goods may have an impact. on the other hand, the japanese buy coal from canada and ship it back as high quality steel...so maybe transport isn't that big a deal.

you have actually created an area of interest in my head. i am going to check with my guys tomorrow and ask what they see happening with delinking.

at the end of the day, this is about risk. hmmm...this certainly isn't the topic i expected to be discussing on the mighty CP!

Remember though that India or China doesn't have to literally buy OUR barrel of oil. (Oil = any other finite resource)

If India or China (among others) out bids America for a barrel of oil from Saudi Arabia or Qatar, for example, that America WOULD have bought in prior years, America STILL needs a barrel of oil. Thus our barrels of oil have a higher intrinsic value.

America does get a discount if our oil is of lower quality (it usually is) and for being our primary market, but there is still underlying demand (and demand growth) from 'new' oil consumers around the world like never before.

Likewise, most O&G countries in the world (with a few notable exceptions) are actually having their exportable outputs decline year over year (both from increased domestic consumption and maturing reserves). Canada, being ourselves one of those notable exceptions, thus takes on a more and more critical role in picking up the slack. So Canadian dollar growth can be linked not just to energy resource revenue happening today, but to expected growth AND increasing American DEPENDENCE (dependence is a strong thing, far more so than USA discretionary consumer goods demand) in the future.

Claeren.

Sylvanfan · 09-21-2007, 10:11 AM

We should pool our resources and buy an official CP Las Vegas head quarters. We'll write it off as a bussiness expense claiming that it's used to scout the Wranglers.

Sample00 · 09-21-2007, 10:13 AM

Quote:

Originally Posted by Sylvanfan

We should pool our resources and buy an official CP Las Vegas head quarters. We'll write it off as a bussiness expense claiming that it's used to scout the Wranglers.

I'd be all over that!!!

Lanny_MacDonald · 09-21-2007, 10:14 AM

Quote:

Originally Posted by fotze

Lanny, how isa the real estate in Phoenix, I heard it is a little depressed. Screw buying electronics and crap, buy some real estate. Lets get 10 people together and buy a nicre vaction place in Hawaii.

It's depressed all right. You can pick up stuff at a song right now. I'm trying to convince my sibblings to take advantage of the high Canadian buck, the over-priced Calgary market and the depressed Phoenix market and make a killing. Seriously, you could take the equity that is in the houses in Calgary, buy a home down here, and just wait for the corrections in the currencies and the Phoenix market. Imagine grabbing a house for $250K USD, that 15 months ago was selling for $450K, and getting it at par in CDN dollars? If the markets adjust as projected (after the election), and the Canadian buck drops back to 80-85 cents (as the manufacturing sector desires), and the Phoenix market rebounds the 25% expected in the next year (people are still moving here in droves) you could see a substantial return on your investment. The House value would rebound to ~$315K and the value in CDN dollars would be closer to $360-380K. Lots of speculation, but opportunity knocks for Canucks IMO.

metallicat · 09-21-2007, 10:25 AM

Can a Canadian with no American citizenship just buy a house in the United States, and rent it out? How does this work?

Lanny_MacDonald · 09-21-2007, 11:03 AM

Quote:

Originally Posted by fotze

What type of house can you get for ~$400k?

Depends where. Where are you interested or what are your expectations? If you want to be in the burbs, you can get a ton. What size are you looking for and what would the use be? If its a second home, or a vacation home, I'd recommend looking at something that could be a solid rental property. Let me know a few more details and I can fill in more details.

Quote:

Originally Posted by oilers_fan

Can a Canadian with no American citizenship just buy a house in the United States, and rent it out? How does this work?

Yes. Works the same as in Canada.