Foo - American $ = Canadian $

As of right now, the Canadian dollar is $0.9985 USD. Round it to the nearest penny and you have a round dollar.

Nice!

Finally our "monopoly money" is worth something. LOL

or OUR money is now worthless too!

does that mean that you'll finally take off those lame ass maple leaf patches on your backpacks?

i have an online friend/fellow cyclist who lives in canada, shes in the air force and has been happy that the money is almost equal, but says she will still pay more for goods than I will. Of course, USA is closer to china....lol

I remember a few years ago exchanging $10 american and getting something like $16.50 canadian!!! and i could still only buy 3 beers with that money...oh well i could buy them LEGALLY :D

the canadian dollar is sure to surpass the american dollar in the next year...hell if hillary gets into office you canadians can probably attack the US and take us over (if hillary gets in office, im begging you to do so, canada)

have a good day! :)

I just hope the Chinese yuan can rise faster than the Canadian dollar. My salary is looking less impressive by the day.

Or maybe I should just move to the U.S.

Prices better start adjusting soon in Canada because consumers won't be putting up with sky high prices on american goods for very long.

Example: My luxury car was built in Ohio and is currently sitting at $15K more than the American version (identical options). Considering my lease is up next March, why would get another one at this price level? I think I'll just look for a used market one (4 years old) across the border.

Last time I was in Toronto 2 yrs ago (was visiting there quite often for a few years), the conversion rate - was - well no conversion. Nearly 1:1. Looks like it hasn't changed (much).

Or maybe I should just move to the U.S.

Better yet, Europe. The Euro is looking pretty good.

That's actually not much of an advantage for the Canadian economy. In fact, it's pretty bad, despite the media seeming all ga-ga over it today.

It means the price of gas and oil is going up in the US, since the US gets a lot of petrol from Canada.

That's actually not much of an advantage for the Canadian economy. In fact, it's pretty bad, despite the media seeming all ga-ga over it today.

Depends on which sector of the economy you're talking about.
And Canada, while still being the U.S.'s biggest trading partner, is making more moves internationally to break its dependance on the U.S. economy.

Certain sectors will suffer while others will hardly be phased at all. The ones that will suffer, because they cater to the U.S. economy, will simply have to look elsewhere to sell their goods.

In fact, I'd venture to say that one reason we are at par right now is because the Canadian economy is no longer directly tied to the U.S. Think about it: if we were, our dollar would've been dragged along with the U.S. currency. But the opposite is happening which seems to indicate that the Canadian economy is less dependant on the U.S.

It doesn't necessarily mean our dollar is stronger on international markets. I think it hasn't changed all that much internationally. But the Canadian dollar also hasn't been dragged down by the U.S. dollar either which is a good sign because the U.S. dollar can keep dropping and the Canadian can keep going up with little worries.

the canadian dollar is sure to surpass the american dollar in the next year...hell if hillary gets into office you canadians can probably attack the US and take us over (if hillary gets in office, im begging you to do so, canada)

have a good day! :)

Actually the USD has been doing just fine, even record breaking, depreciating under the Bush administration.

That's actually not much of an advantage for the Canadian economy. In fact, it's pretty bad, despite the media seeming all ga-ga over it today.
We were hoping you wouldn't notice and just stream across the border and inject some cash into our economy.

no sales tax in Oregon

As a manufacturer with 80% of our market/income coming from exports to the US, it sucks.
When the exchange rate was 1.4 : 1, we use to make money hand over fist but now, we need to sqeeze every penny out of each export because we only make 1:1 now.

As a consumer it is fabulous. I travel to the US on business quite often and I find that I can buy bike stuff from a local LBS for about 20% less than my LBS in Canada.

does that mean that you'll finally take off those lame ass maple leaf patches on your backpacks?

If we take them off people will assume we are idiots.

As of right now, the Canadian dollar is $0.9985 USD. Round it to the nearest penny and you have a round dollar.

Nice!

Finally our "monopoly money" is worth something. LOL

Its actually a bad thing. For us.

1 - tourism is hitting the crapper, this is bad news for bc, some parts of ontario and the east coast
2 - canadian manufacturing relies on america having a strong dollar so companies like Johnson controls will use the smaller plants in souther ontario to produce small parts like car seats and door panels. With the dollar at par, american companies will pull that manufacturing back into the states. This obviously has a huge affect in Ontario (and already has a lot of my old friends, while senior, are staring layoffs in the face)
3 - Softwood sales for bc are plumiting. Why buy wood from canada when that wood is now too expensive (tarrifs help too)
4 - In turn, with number 1,2 and number 3, you have less workers in canada working, buying less, making everything else more difficult.
5ish - All of those canadians seeing cheap prices in the states are running to the borders (remember the 80's I think it was) buying from cross border shops. I remember shops on our side, empty and closed down while literally across the street was a booming electronic store.
5 - I am sure there are others, but these are the industries I know fairly well. I imagine it will impact farm exports and possible oil exports too.

Regardless of what canada is trying to do, this is a bad thing. I don't forsee much positive coming from this newfound strong dollar. Hopefully Canada is doing what you are claiming at a fast enough speed to compensate for the potential downturn, but I have 0 confidence in the federal government (regardless of party membership)....

In fact, I'd venture to say that one reason we are at par right now is because the Canadian economy is no longer directly tied to the U.S. Think about it: if we were, our dollar would've been dragged along with the U.S. currency. But the opposite is happening which seems to indicate that the Canadian economy is less dependant on the U.S.



Actually traditionally we fall 3 to 5 years behind (think how long manufacturing contracts are) We rarely match the exact fall of the states and usually get hit when they are on the path back up.

Its fairly cyclical actually, I remember these discussion on a small scale (we were know where near on par) 10 or 15 years ago. It had a monstrous impact on southern onterrible, with huge layoffs.

Our cycles do often match the ones down south. But if they can avoid a recession down south, it won't hit us either. This will not really impact the strength of the dollar though.

What may happen in Canada is a total adjustment of prices and salaries. Many salaried Canadians were paid on a similar US equivalent price back when the dollar wasn't worth as much. These salaries are going to have to be scaled back to be able to survive in a par-dollar era. Same thing goes with prices on various goods, like my aforementioned luxury car prices.

Canada can go on with par-dollar if it can adjust the cost of living in many areas to more reasonable levels.

One thing for sure: Canada needs to get out of the manufacturing and ressources businesses. Those sectors are just too vulnerable to economic glitches. While we're riding on a strong economy it would be wise for Canada to throw a lot of money into education so the next crop of highly skilled workers won't be stuck in low end industries which are so vulnerable.

Wait until the next U.S. elections to see the U.S. dollar start to pick up some strength. If the next U.S. leader can stop their stupid trend of selling off their country to foreigners just to line their own pockets, you might see a return of a strong U.S. economy and U.S. dollar. So long as Bush and his destructive policies are still in place, the U.S. dollar will keep falling. It'll take a heck of a long time to reverse the mess Bush and his cronnies have put their country in.

If we take them off people will assume we are idiots.

If you leave them on, you remove all doubt. :p

If you leave them on, you remove all doubt. :p

Yup. No doubt that we're not American idiots.

While traveling across Europe, we always get the cold shoulder until folks find out that we are NOT Americans.

While traveling across Europe, we always get the cold shoulder until folks find out that we are NOT Americans.
That's generally true unless you tell them you're from NYC. Then they ask if you know their friend or relative that lives there.

edit: This works practically anywhere in the world except Toronto where they ask "Toronto's just like NYC, isn't it?"

If we take them off people will assume we are idiots.

don't worry, they'll know you're canadians by that giant chip on your shoulder.

While traveling across Europe, we always get the cold shoulder until folks find out that we are NOT Americans.

Wow, i never really experienced this feeling.
I think that we americans project that onto people more than they actually think it.

Wow, i never really experienced this feeling.
I think that we americans project that onto people more than they actually think it.

Have you ever look at those "most hated countries" lists? America has now passed Israel to claim the bottom spot.

Better open your eyes, many people around the world hate Americans.

PS: Canada is at the other end, holding on to the #2 spot right behind Japan.

Most people can separate the people from the government, which is what most people really hate. However, after that last election i think the hate may have started spilling over to the people because we re-elected a pompous ass.

I have to admit though that sometimes i hated us when i was abroad also, mainly cause americans are loud and obnoxious.

How much time did you spend abroad?

Oh yeah, my eyes are wide open.

funny, everyone hates americans...maybe we should stop pumping so much of our damn money into other countries problems and use it to better our own country instead. starving africans? screw them. oppressed citizens? let them fend for themselves, we have our own problems locally that need tending to.

funny, everyone hates americans...maybe we should stop pumping so much of our damn money into other countries problems and use it to better our own country instead. starving africans? screw them. oppressed citizens? let them fend for themselves, we have our own problems locally that need tending to.

If by that you mean we need to stop screwing countries over with IMF loans then you are right!

Softwood sales for bc are plumiting. Why buy wood from canada when that wood is now too expensive...
+1 on cutting less trees, up until now 'green' BC has been destroying their temperate rainforests at an amazing pace...

:(

don't worry, they'll know your canadians by that giant chip on your shoulder.

incorrect .. YOU ARE the ultimate chip on thre shoulder .. ban -boy !

I was only 8 years old the last time I spent a Canadian Dollar, at parity, in the US during the 1974 World's Fair in Spokane. I remember this mainly because I was too young to figure out the right change so the ice cream vendor took it upon himself to reach into my wallet to get the money. Of course he took the silver dollar coin I had just received from my Grandmother. This memory is rather strong because my mother was infuriated and went back to retrieve the coin. I think this was the first time, and perhaps the only time, I saw her lose control and yell at someone. Needless to say I got the coin back. :D

Its actually a bad thing. For us.

1 - tourism is hitting the crapper, this is bad news for bc, some parts of ontario and the east coast
2 - canadian manufacturing relies on america having a strong dollar so companies like Johnson controls will use the smaller plants in souther ontario to produce small parts like car seats and door panels. With the dollar at par, american companies will pull that manufacturing back into the states. This obviously has a huge affect in Ontario (and already has a lot of my old friends, while senior, are staring layoffs in the face)
3 - Softwood sales for bc are plumiting. Why buy wood from canada when that wood is now too expensive (tarrifs help too)
4 - In turn, with number 1,2 and number 3, you have less workers in canada working, buying less, making everything else more difficult.
5ish - All of those canadians seeing cheap prices in the states are running to the borders (remember the 80's I think it was) buying from cross border shops. I remember shops on our side, empty and closed down while literally across the street was a booming electronic store.
5 - I am sure there are others, but these are the industries I know fairly well. I imagine it will impact farm exports and possible oil exports too.

Regardless of what canada is trying to do, this is a bad thing. I don't forsee much positive coming from this newfound strong dollar. Hopefully Canada is doing what you are claiming at a fast enough speed to compensate for the potential downturn, but I have 0 confidence in the federal government (regardless of party membership)....


I agree with you but I think a bright spot for Canada is their focus on technology. There are tons of software companies in Canada. I deal with software companies in Vancouver, Toronto and Montreal. We talk around the office about what great software developers Canadians are. This software is sold all over the world.

I also think that 9/11 has more to do with less tourism in Canada than the dollar. It used to be a non event to go back and forth over the border. Now you have to have your drivers license and birth certificate, soon it will require a passport. I haven't been over to Canada in a few years; I used to go over there 5-10 times a year

+1 on cutting less trees, up until now 'green' BC has been destroying their temperate rainforests at an amazing pace...

:(

To be honest while that was a complaint by me, its definitely an industry I would love to see gutter out.

I agree with you but I think a bright spot for Canada is their focus on technology. There are tons of software companies in Canada. I deal with software companies in Vancouver, Toronto and Montreal. We talk around the office about what great software developers Canadians are. This software is sold all over the world.

I also think that 9/11 has more to do with less tourism in Canada than the dollar. It used to be a non event to go back and forth over the border. Now you have to have your drivers license and birth certificate, soon it will require a passport. I haven't been over to Canada in a few years; I used to go over there 5-10 times a year

Fair enough...I can't disagree with that. But keep in mind, very small industry, very specialized workers. The brunt of this on par dollar will affect are undereducated labour force workers, which makes up a huge portion of southern onterribles workforce.

does that mean that you'll finally take off those lame ass maple leaf patches on your backpacks?

Curious how do you feel about people with the american flag on their back packs? Are they lame too?

I know lots of backpackers, and while a bonus to the flag is instantaneous recognition, they do it because they love their country. Last time I checked you guys were more nutty about that than we tended to be.

I haven't followed any of this, doesn't really have me interested at all on this end.

Curious how do you feel about people with the american flag on their back packs? Are they lame too?

I know lots of backpackers, and while a bonus to the flag is instantaneous recognition, they do it because they love their country. Last time I checked you guys were more nutty about that than we tended to be.

i can not recall ever seeing a stars & bars sewn on a euro-railer's back pack.

the same cannot be said 'aboot' your maple leaf flag.

incorrect .. YOU ARE the ultimate chip on thre shoulder .. ban -boy !

oh snap.

did you manage to type all of that yourself?

does that mean that you'll finally take off those lame ass maple leaf patches on your backpacks?

+ a bazillion


don't worry, they'll know your canadians by that giant chip on your shoulder.

I couldn't have come up with a better response.

Canadian flags PISS ME OFF.

funny, everyone hates americans...maybe we should stop pumping so much of our damn money into other countries problems and use it to better our own country instead. starving africans? screw them. oppressed citizens? let them fend for themselves, we have our own problems locally that need tending to.

Sure, that sounds great. Hey, you wanna stop pumping money into trampling other countries for your benefit as well?

Curious how do you feel about people with the american flag on their back packs? Are they lame too?

I know lots of backpackers, and while a bonus to the flag is instantaneous recognition, they do it because they love their country. Last time I checked you guys were more nutty about that than we tended to be.

Huh??? What colour is the sky in your world?

They do it because they're obsessed with not being mistaken for Americans.

"love their country" LOL

"So how much is that in real money?" Time to retire that stupid joke? Or not? If things keep going the way they are, we might be asking americans "How much is that in real money."

does that mean that you'll finally take off those lame ass maple leaf patches on your backpacks?

The very same ones that americans put on their backpacks when they don't want to be singled out in Europe as fat and obnoxious? Nope, leaving them on thanks.

Its actually a bad thing. For us.

1 - tourism is hitting the crapper, this is bad news for bc, some parts of ontario and the east coast

Tourism is fickle at best - they I'm sure are used to it.



2 - canadian manufacturing relies on america having a strong dollar so companies like Johnson controls will use the smaller plants in souther ontario to produce small parts like car seats and door panels. With the dollar at par, american companies will pull that manufacturing back into the states. This obviously has a huge affect in Ontario (and already has a lot of my old friends, while senior, are staring layoffs in the face)

If they have a plant that's ready to go that may happen. Most likely it will take a while to either open one or re-tool. Maybe this will give our automotive assembly friends making $30/hour for putting screws on a wheel something to think about. Granted it's not good for the economy but it's not the end of the world.



3 - Softwood sales for bc are plumiting. Why buy wood from canada when that wood is now too expensive (tarrifs help too)

Good. Let them use their own trees and give our forests some time to regrow. I'm all for the gov't paying off the 300,000 affected (recent softwood dispute number) and not selling any wood south of the border. Wood prices in the US will skyrocket because they don't have enough of the stuff for their ballooning population.



4 - In turn, with number 1,2 and number 3, you have less workers in canada working, buying less, making everything else more difficult.

No worries. Why must the entire world be based on constant growth? It's what got us where we are in the first place.



5ish - All of those canadians seeing cheap prices in the states are running to the borders (remember the 80's I think it was) buying from cross border shops. I remember shops on our side, empty and closed down while literally across the street was a booming electronic store.
That should be fixed by the manufacturers setting their msrps. On one hand you want growth, on the other hand you cry when the local overpriced video store goes out of business. Growth is global these days - compete or die.



5 - I am sure there are others, but these are the industries I know fairly well. I imagine it will impact farm exports and possible oil exports too.

Oil won't be affected at all. What the Americans don't buy will quickly be snatched up by China and the rest of the world. Oil is a global commodity which will soon be sold in Euros.

The very same ones that americans put on their backpacks when they don't want to be singled out in Europe as fat and obnoxious? Nope, leaving them on thanks.

yeah, because Canadians are neither fat, nor obnoxious. :rolleyes:

Huh??? What colour is the sky in your world?

They do it because they're obsessed with not being mistaken for Americans.

"love their country" LOL

Then you are very narrow minded. Obviously you have never asked them?

Its just as easy to travel through france and simply say "I am canadian"...that works as well. Coming from a town filled with backpackers, I at least have some experience to base my opinion on, you and botto simply have your ignorance to base yours.

But then again, ignorance is bliss, so both of you go on and continue being happily ignored.

Ps today, like most of the summer, the sky has been grey. Thanks for asking.

Then you are very narrow minded. Obviously you have never asked them?

Its just as easy to travel through france and simply say "I am canadian"...that works as well. Coming from a town filled with backpackers, I at least have some experience to base my opinion on, you and botto simply have your ignorance to base yours.

But then again, ignorance is bliss, so both of you go on and continue being happily ignored.

Ps today, like most of the summer, the sky has been grey. Thanks for asking.

Yeah... you're right.

Eurailers never come to Amsterdam. :rolleyes:

funny, everyone hates americans...maybe we should stop pumping so much of our damn money into other countries problems and use it to better our own country instead. starving africans? screw them. oppressed citizens? let them fend for themselves, we have our own problems locally that need tending to.

You don't really pump that much money into other countries percentage wise. When it comes to helping third world countries; compared to your wealth, you spend the least, percentage wise, than any other developed country.

Sure you sepnd a lot more dollar wise than Canada. But don't forget that the entire population of Canada fits into California. So per capita, you Americans really aren't that generous at all.

Canadian flags PISS ME OFF.

What doesn't?



"love their country" LOL


Sure do, but I do it more tastefully than people who wear stuff like this.

http://www.velowear.com/images/productimages/1010413.jpg



But then again, ignorance is bliss, so both of you go on and continue being happily ignored.


They are just slaves to their stereotypes.