It's time to play up North again eh!!

[Fordman]

1.26 now..

 

[steveo10]

I just booked a room for the year

Ya and Pierre from France has the rest of rooms booked for the ski-hill

72cents WTF?

 

[Fordman]

1.273 now.....

 

[Fordman]

Closed at 1.27796. Good times!

 

[RideGuy]

Closed at 1.27796. Good times!

Not sure how good of times these are going to be..... Sure you are going to make more trips up to Canada = Less of your money in your country and more more money in Canada.....

I'm not buying anything else from the USA and before I was looking to spend any extra money I had in the USA = Less of my money spent in USA and more of Your Money spent in Canada....

Canadian's will be staying home more keeping our money in our country and you will be coming up spending your money here in our country......

How does this translate into good times for the USA when now your population will be border jumping and spending money in Canada and we Canadians are going to stay home and spend our money in our country??

The only good thing about this whole deal is that my mortage rate on my house is now around 3% because I have a variable rate below prime mortage.....

I think the USA is going to feel more of a hit because of the Canadian Dollar Dropping so much...... I'm no economist as pointed out in another thread but I can do simple math......

 

[Fordman]

Not sure how good of times these are going to be..... Sure you are going to make more trips up to Canada = Less of your money in your country and more more money in Canada.....

I'm not buying anything else from the USA and before I was looking to spend any extra money I had in the USA = Less of my money spent in USA and more of Your Money spent in Canada....

Canadian's will be staying home more keeping our money in our country and you will be coming up spending your money here in our country......

How does this translate into good times for the USA when now your population will be border jumping and spending money in Canada and we Canadians are going to stay home and spend our money in our country??

The only good thing about this whole deal is that my mortage rate on my house is now around 3% because I have a variable rate below prime mortage.....

I think the USA is going to feel more of a hit because of the Canadian Dollar Dropping so much...... I'm no economist as pointed out in another thread but I can do simple math......

Comparing the Canadian economy to the US economy from the standpoint that we will be spending our dollars up north doesn't even register on anyone's horizon.....


1.2983 now....

 

[Diesel99]

Comparing the Canadian economy to the US economy from the standpoint that we will be spending our dollars up north doesn't even register on anyone's horizon.....


1.2983 now....

You are right, the US economy is pretty much toast and shopping/spending up north won't matter one bit to US GDP.
For Canada the drop in the dollar will help somewhat and it all adds to GDP but with the collapse in the commodity boom they are in the toilet big time.

Dropping variable rate mortages in Canada doesn't do squat for you because your home is losing value everyday to offset any lowering of payments.

 

[Ekliptix]

I was planning on saving a bunch of cash and ordering car parts from a US business, but I'll either hold off or buy locally now.

On the good side, our company charges in USD a lot so we're seeing more CAD from US invoices now.

 

[Fordman]

You are right, the US economy is pretty much toast and shopping/spending up north won't matter one bit to US GDP.
For Canada the drop in the dollar will help somewhat and it all adds to GDP but with the collapse in the commodity boom they are in the toilet big time.

Dropping variable rate mortages in Canada doesn't do squat for you because your home is losing value everyday to offset any lowering of payments.

Unfortunatley we're all toast. The one thing we've all learned in the past two months is that when the US decides to take a big crap on itself, everyone suffers. Just watch China in three months.

 

[Fordman]

Holding strong at 1.29

 

[Fordman]

The wheels are coming off!!!!

1.22

 

[buck50]

The wheels are coming off!!!!

1.22

around $.85 or i guess for you $1.17 is about the best for us. still a fairly good exchange, and favorable for our commercial and tourism sectors!

 

[Beels]

around $.85 or i guess for you $1.17 is about the best for us. still a fairly good exchange, and favorable for our commercial and tourism sectors!

I'd like to see it stay there as well.

 

[GODEEP]

I'd kinda. Actally, I'd really like to see $1.65 or so.. Wishful thinking though..

 

[Fordman]

1.179 and falling fast!!!

 

[GODEEP]

up a bit ford..

1.00 USD = 1.18013 CAD
United States Dollars Canada Dollars
1 USD = 1.18013 CAD 1 CAD = 0.847367 USD

 

[Fordman]

1.15!!!!!!!!!!!!!!!!!!!!!!!!!!!

 

[buck50]

1.15!!!!!!!!!!!!!!!!!!!!!!!!!!!

to be quite honest, that is about the best place for all parties involved! it lets you guys come up here and get good bang for the buck, and we can still go down there and not get raped! very good for our economy too, to be a bit below the USD!

 

[Fordman]

The world was saved last night!!! Obama will make it all better.... Canadian dollar dropped to $1.17 today.....See everyone!!?? Now repeat after me.. "yes we can".

 

[Fordman]

1.19