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Old 09-20-07, 08:16 AM   #1
Zeuser
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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
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Old 09-20-07, 08:19 AM   #2
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or OUR money is now worthless too!
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Old 09-20-07, 08:20 AM   #3
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does that mean that you'll finally take off those lame ass maple leaf patches on your backpacks?
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Old 09-20-07, 08:21 AM   #4
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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

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!
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Old 09-20-07, 08:42 AM   #5
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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.
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Old 09-20-07, 08:44 AM   #6
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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.
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Old 09-20-07, 08:45 AM   #7
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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).
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Old 09-20-07, 08:49 AM   #8
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Or maybe I should just move to the U.S.
Better yet, Europe. The Euro is looking pretty good.
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Old 09-20-07, 08:50 AM   #9
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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.
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Old 09-20-07, 09:18 AM   #10
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It means the price of gas and oil is going up in the US, since the US gets a lot of petrol from Canada.
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Old 09-20-07, 09:23 AM   #11
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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.
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Old 09-20-07, 09:24 AM   #12
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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.
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Old 09-20-07, 09:26 AM   #13
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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.
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Old 09-20-07, 09:32 AM   #14
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no sales tax in Oregon
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Old 09-20-07, 09:33 AM   #15
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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.
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Old 09-20-07, 10:41 AM   #16
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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.
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Old 09-20-07, 10:46 AM   #17
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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)....
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Old 09-20-07, 10:50 AM   #18
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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.
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Old 09-20-07, 11:13 AM   #19
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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.
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Old 09-20-07, 11:31 AM   #20
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If we take them off people will assume we are idiots.
If you leave them on, you remove all doubt.
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Old 09-20-07, 11:43 AM   #21
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If you leave them on, you remove all doubt.
Yup. No doubt that we're not American idiots.
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Old 09-20-07, 12:38 PM   #22
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While traveling across Europe, we always get the cold shoulder until folks find out that we are NOT Americans.
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Old 09-20-07, 02:51 PM   #23
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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?"
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Old 09-20-07, 02:59 PM   #24
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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.

Last edited by botto; 09-21-07 at 05:50 AM.
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Old 09-20-07, 03:20 PM   #25
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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.
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