Currency News Flash

[Newfie]

The Canadian dollar just hit par with the US dollar, for the first time in 31 years.

For those of us NOTB who shop in the US, that's HUGE!!

 

[Robbmt]

No offense to you. But that sucks! It's all Bernanke's fault! Lowering the prime to save big investors who made bad bets. I wish I was living huge in a house that I shouldn't be able to affrd and let the gov't save me from my mistakes. I see the dollar going lower before going higher. I knew I should have ordered those BBF's from Hong Kong before this happened.

 

[jfields]

I'm with you. My wife and I wanted to squeeze a trip over to the UK next spring break. But, if the currency/exchange rate continues, all bets are off.

 

[drew_goring]

The Canadian dollar just hit par with the US dollar, for the first time in 31 years.

For those of us NOTB who shop in the US, that's HUGE!!

I kind of have mixed feelings about it.

My parents are buying a new vehicle from the US next week. All said and done it will cost them 25000 CAD after paying 17.1% tax at the border. The best the stealership could do up here was 34500CAD. The dealer in MT is even meeting them near the border.

I am going to enjoy it when I do some US travelling next summer, but for my industry it is not great.

Oil@80USD/bbl=80.10CAD/bbl today
Back when oil was ~60USD/bbl=78.80CAD/bbl

 

[MrJerry]

I hate you damned Canadians!! :laugh:

 

[AVB]

I remember as kid in Buffalo when Canadian dollars were worth more, about $1.05 USD. Late 50's/early 60's time frame.

 

[Strayvector]

I remember as kid in Buffalo when Canadian dollars were worth more, about $1.05 USD. Late 50's/early 60's time frame.

I bet you walked to school back then too...barefoot in the snow even. :sign:

 

[AVB]

Up hill both ways too :whistling:

I remember as kid in Buffalo when Canadian dollars were worth more, about $1.05 USD. Late 50's/early 60's time frame.

I bet you walked to school back then too...barefoot in the snow even. :sign: