Canadian Dollar Equal to US Dollar

AG124 · 09-20-07, 10:07 PM

Well, for the first time since 1976, Canada's dollar is equal to the US dollar.

:hmm:

I don't know what to think of it though; On the one hand, there is the national pride element, and the fact that I can buy Axis & Allies War At Sea Miniatures cheaper on eBay

- it will be good for importers in general. On the other hand, it will hurt Canadian exports, and that won't bode well for our economy. All obvious conclusions that anyone could have come up with, I know, but still true.

Does anyone have any thoughts on this?

http://www.cbc.ca/news/background/economy/loonie.html

bookworm_020 · 09-20-07, 11:34 PM

All the Canadain shops along the boarder must be missing the "tip" from americans buying goods listed with canadian prices in American dollars.

Here in Australia, the Aussie dollar is starting to head back to record levels against the U.S. This is making it harder to compete in the U.S. for bussiness (especaliy after the Free trade agreement!) At least it's keeping the petrol price in check! (for the moment...

)

bradclark1 · 09-21-07, 09:24 AM

Our tourism industry will be doing a booming business.

SUBMAN1 · 09-21-07, 09:44 AM

I'd say its a great time to pull some $$$ out of Canada! I've had investments sitting up there for 10 years because of the terrible Canook dollar. This is great news for me!

-S

Fish · 09-21-07, 03:52 PM

Quote:

Originally Posted by bradclark1

Our tourism industry will be doing a booming business.

A lot of people here are discouraged by US customs regulations.

09-20-07, 10:07 PM	#1
AG124 Sea Lord Join Date: Jun 2005 Location: Canada Posts: 1,878 Downloads: 4 Uploads: 0	Canadian Dollar Equal to US Dollar Well, for the first time since 1976, Canada's dollar is equal to the US dollar.:hmm: I don't know what to think of it though; On the one hand, there is the national pride element, and the fact that I can buy Axis & Allies War At Sea Miniatures cheaper on eBay - it will be good for importers in general. On the other hand, it will hurt Canadian exports, and that won't bode well for our economy. All obvious conclusions that anyone could have come up with, I know, but still true. Does anyone have any thoughts on this? http://www.cbc.ca/news/background/economy/loonie.html __________________ DOWNLOAD GWX HERE: http://www.thegreywolves.com/index.html

09-20-07, 11:34 PM	#2
bookworm_020 Navy Seal Join Date: Aug 2005 Location: Sinking ships off the Australian coast Posts: 5,966 Downloads: 1 Uploads: 0	All the Canadain shops along the boarder must be missing the "tip" from americans buying goods listed with canadian prices in American dollars. Here in Australia, the Aussie dollar is starting to head back to record levels against the U.S. This is making it harder to compete in the U.S. for bussiness (especaliy after the Free trade agreement!) At least it's keeping the petrol price in check! (for the moment...) __________________ "There is always one person in any organization who knows whats going on, That person must be fired"

09-21-07, 09:44 AM	#4
SUBMAN1 Rear Admiral Join Date: Apr 2005 Posts: 11,866 Downloads: 0 Uploads: 0	I'd say its a great time to pull some $$$ out of Canada! I've had investments sitting up there for 10 years because of the terrible Canook dollar. This is great news for me! -S __________________

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09-21-07, 09:24 AM	#3
bradclark1 Ocean Warrior Join Date: Feb 2003 Location: Connecticut, USA. Posts: 2,794 Downloads: 29 Uploads: 0	Our tourism industry will be doing a booming business.