Advertise on Bikeforums.net



User Tag List

Page 1 of 3 123 LastLast
Results 1 to 25 of 64
  1. #1
    e-Biker
    Join Date
    Aug 2006
    Location
    Mississauga, Ontario, Canada
    My Bikes
    Gary Fisher, Strong GT-S eBike
    Posts
    951
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)

    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

  2. #2
    You Know!? For Kids! jsharr's Avatar
    Join Date
    Apr 2005
    Location
    Just NW of Richardson Bike Mart
    My Bikes
    '05 Trek 1200 / '90 Trek 8000 / '? Falcon Europa
    Posts
    6,034
    Mentioned
    10 Post(s)
    Tagged
    3 Thread(s)
    or OUR money is now worthless too!
    Are you a registered member? Why not? Click here to register. It's free and only takes 27 seconds! Help out the forums, abide by our community guidelines.
    Quote Originally Posted by colorider View Post
    Phobias are for irrational fears. Fear of junk ripping badgers is perfectly rational. Those things are nasty.

  3. #3
    . botto's Avatar
    Join Date
    Jan 2006
    Posts
    40,275
    Mentioned
    1 Post(s)
    Tagged
    0 Thread(s)
    does that mean that you'll finally take off those lame ass maple leaf patches on your backpacks?

  4. #4
    Senior Member
    Join Date
    Mar 2005
    Location
    NY state
    My Bikes
    See Signature...
    Posts
    1,181
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    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!

  5. #5
    J3L 2404 gbcb's Avatar
    Join Date
    Mar 2006
    Location
    Shanghai
    My Bikes
    2007 Jamis Nova
    Posts
    1,070
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    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.

  6. #6
    e-Biker
    Join Date
    Aug 2006
    Location
    Mississauga, Ontario, Canada
    My Bikes
    Gary Fisher, Strong GT-S eBike
    Posts
    951
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(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.

  7. #7
    Blasted Weeds Tude's Avatar
    Join Date
    Aug 2006
    Location
    Rochester, NY
    My Bikes
    Trek 1200C, Specialized Rockhopper, Giant Yukon FX, Giant Acapulco
    Posts
    1,182
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    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).

  8. #8
    ReMember trsidn's Avatar
    Join Date
    Jul 2007
    Location
    Putting the 'fun' in dysfunctional
    My Bikes
    Cannondale CAAD8, Trek SU200
    Posts
    215
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by gbcb View Post

    Or maybe I should just move to the U.S.
    Better yet, Europe. The Euro is looking pretty good.
    Quote Originally Posted by ahsposo View Post
    And Jseis said, "Let him that isn't stoned commit the first sin."

  9. #9
    Senior Member
    Join Date
    Aug 2005
    Posts
    1,936
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    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.

  10. #10
    Senior Member randya's Avatar
    Join Date
    Jul 2003
    Location
    in bed with your mom
    My Bikes
    who cares?
    Posts
    13,696
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    It means the price of gas and oil is going up in the US, since the US gets a lot of petrol from Canada.

  11. #11
    e-Biker
    Join Date
    Aug 2006
    Location
    Mississauga, Ontario, Canada
    My Bikes
    Gary Fisher, Strong GT-S eBike
    Posts
    951
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by Longfemur View Post
    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.

  12. #12
    Senior Member permanentjaun's Avatar
    Join Date
    Jan 2007
    Posts
    1,714
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by nymtber View Post
    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.

  13. #13
    SERENITY NOW!!! jyossarian's Avatar
    Join Date
    Aug 2005
    Location
    In the 212
    My Bikes
    Haro Vector, IRO Rob Roy, Bianchi Veloce
    Posts
    8,757
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by Longfemur View Post
    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.
    HHCMF - Take pride in your ability to amaze lesser mortals! - MikeR



    We demand rigidly defined areas of doubt and uncertainty!

  14. #14
    Senior Member randya's Avatar
    Join Date
    Jul 2003
    Location
    in bed with your mom
    My Bikes
    who cares?
    Posts
    13,696
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    no sales tax in Oregon

  15. #15
    Winter commuting mode Tequila Joe's Avatar
    Join Date
    Mar 2005
    Location
    Off the back
    My Bikes
    2007 Litespeed Vortex, 1970 Falcon Olympic, 2003 Specialized Allez Pro, 2004 Specilized Enduro Expert, 2006 Langste, 2007 Opus Steller
    Posts
    2,742
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    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.

  16. #16
    Double Prick marin1's Avatar
    Join Date
    Jan 2007
    Location
    Canadian version of Texas
    My Bikes
    Cervelo Carbon Soloist, Cervelo Aluminum Soloist, Cannondale cyclecross
    Posts
    561
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by botto View Post
    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.
    21st Century Living - Matthew Good

  17. #17
    Wood Licker Maelstrom's Avatar
    Join Date
    Apr 2002
    Location
    Whistler,BC
    My Bikes
    Transition Dirtbag, Kona Roast 2002 and specialized BMX
    Posts
    16,889
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by Zeuser View Post
    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)....

  18. #18
    Wood Licker Maelstrom's Avatar
    Join Date
    Apr 2002
    Location
    Whistler,BC
    My Bikes
    Transition Dirtbag, Kona Roast 2002 and specialized BMX
    Posts
    16,889
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by Zeuser View Post
    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.

  19. #19
    e-Biker
    Join Date
    Aug 2006
    Location
    Mississauga, Ontario, Canada
    My Bikes
    Gary Fisher, Strong GT-S eBike
    Posts
    951
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    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.

  20. #20
    Crawlin' up, flyin' down bikingshearer's Avatar
    Join Date
    Jan 2006
    Location
    Democratic Peoples' Republic of Berkeley
    My Bikes
    1967 Paramount, 1982-ish Ron Cooper,1986 De Rosa Professional, 1978 Eisentraut "A," 1961 BianchiCompetizione, 1994 Trek 520, 199? Burley Bossa Nova
    Posts
    2,989
    Mentioned
    1 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by marin1 View Post
    If we take them off people will assume we are idiots.
    If you leave them on, you remove all doubt.
    "I'm in shape -- round is a shape." Andy Rooney

  21. #21
    e-Biker
    Join Date
    Aug 2006
    Location
    Mississauga, Ontario, Canada
    My Bikes
    Gary Fisher, Strong GT-S eBike
    Posts
    951
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by bikingshearer View Post
    If you leave them on, you remove all doubt.
    Yup. No doubt that we're not American idiots.

  22. #22
    Winter commuting mode Tequila Joe's Avatar
    Join Date
    Mar 2005
    Location
    Off the back
    My Bikes
    2007 Litespeed Vortex, 1970 Falcon Olympic, 2003 Specialized Allez Pro, 2004 Specilized Enduro Expert, 2006 Langste, 2007 Opus Steller
    Posts
    2,742
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    While traveling across Europe, we always get the cold shoulder until folks find out that we are NOT Americans.

  23. #23
    SERENITY NOW!!! jyossarian's Avatar
    Join Date
    Aug 2005
    Location
    In the 212
    My Bikes
    Haro Vector, IRO Rob Roy, Bianchi Veloce
    Posts
    8,757
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by Tequila Joe View Post
    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?"
    HHCMF - Take pride in your ability to amaze lesser mortals! - MikeR



    We demand rigidly defined areas of doubt and uncertainty!

  24. #24
    . botto's Avatar
    Join Date
    Jan 2006
    Posts
    40,275
    Mentioned
    1 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by marin1 View Post
    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.

  25. #25
    sniffin' glue zoltani's Avatar
    Join Date
    Jul 2007
    Location
    Seattle
    My Bikes
    Surly crosscheck ssfg, Custom vintage french racing bike, Bruce Gordon Rock & Road
    Posts
    3,183
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by Tequila Joe View Post
    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.

Page 1 of 3 123 LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •