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- Canada - Toronto & Southern Ont.
-- Dollar Hits $1.07 US
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i dont think its gonna be over
i dont see the us economy picking up any time soon.
i dont see the price of gas going down any time soon.
i think its gonna hit 110
Has anyone ever heard of the AMERO?
| quote: |
| Originally posted by Skipper A lot of market watchers are saying that the loonie's run is just about over - there might be some short term steam left in it, but it's not sustainable. I heard the top dude at Export Development Canada speak a few weeks ago and their consensus is that the dollar is worth about 80-85 cents in the long run. That said, the main drivers are rising commodity prices (Canada produces and exports a lot of commodities) and strong economic indicators, like the jobless rate, which is at a generational low. The US is Canada's biggest trading partner so when their dollar loses purchasing power, it's ultimately not good for the Canadian economy. Then you have all of these people taking their consumer business across the border. Not good. Drives me nuts to hear people cheering about it, actually  |
Nobody knows anything. Particularly "market watchers."
The Toronto Sun ran an article on this and there was something wrong with their picture.
Can you guess what it is??
Absolutely
the pic should have 1 loonie and 1 U.S. greenback and 7 u.s. cents
BINGO!
| quote: |
| Originally posted by kotsy The Toronto Sun ran an article on this and there was something wrong with their picture. Can you guess what it is?? |
well what the hell do u want. it's the sun.
I still want to buy the Grand Canyon with the new CDN dollar power-horse. Who's in?
Fuck me in the bum!
CAD to USD (N/A:CADUSD=X)
8:08AM ET
1.1014
Bid: 1.1014
Ask: 1.1018
| quote: |
| Originally posted by jpistone Has anyone ever heard of the AMERO? |
http://www.cbc.ca/money/story/2007/...r-overseas.html
Loonie surpasses $1.10 US
Last Updated: Wednesday, November 7, 2007 | 8:38 AM ET
CBC News
The Canadian dollar continued its lofty flight as it passed $1.10 US on Wednesday while the U.S. dollar continued to weaken.
Shortly after the start of trading in North America, the loonie was up more than 1.75 cents at $1.1027 US.
The U.S. dollar continued to lose ground against other currencies. The greenback fell to another record low of $1.4703 US against the euro, while the British pound hit $2.1051 US, a level not seen since since May 1981.
Higher oil prices also helped propel the Canadian dollar. The December futures contract for light sweet crude was up $1.27 US at $97.97 US per barrel.
Gold also shot higher Wednesday, gaining almost $22 US to hit $845.30 US an ounce.
The latest of advance of the loonie will most likely send economists back to the drawing board to redo their forecasts for the dollar. The currency has appreciated much faster than many observers had been expecting.
The Canadian dollar regained parity with the U.S. greenback in September. The loonie has been setting new records since Oct. 31, when it surpassed its previous modern-day high of $1.0614, which dated back to August 1957.
groooosssss.
we all need to go shopping in buffalo!! get ready grinder!
the prices there are cheap (and were cheap even back in the day of the 60 cent canadian dollar).
SHOPPING TRIP!! Weeeeee!!
Say good bye to any manufacturing we had in Ontario...if the dollar stays high. Hopefully the world realises how over inflated our dollar is, and allows it to come back down to earth.
| quote: |
| Originally posted by SuperJimbo Nobody knows anything. Particularly "market watchers." |
Let's go make movies in the states!
Going shopping this weekend in Rochester!
Woohoo 
The Dollar was only like $0.90 when I planned on going lol. This definitely helps out a bit now.
Definitely need to fill up my car in the US!
Have fun waiting in line for 4-6 hours trying to get back into Canada.
| quote: |
| Originally posted by Orko Say good bye to any manufacturing we had in Ontario...if the dollar stays high. Hopefully the world realises how over inflated our dollar is, and allows it to come back down to earth. |
on a side note, great chances i go to new york this weekend, mega shopping
| quote: |
| Originally posted by exstasie CAD to USD (N/A:CADUSD=X) 8:08AM ET 1.1014 Bid: 1.1014 Ask: 1.1018 |
| quote: |
| Originally posted by rabbitjoker I win. |
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| Originally posted by geroin it will go to 1.13. |
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| Originally posted by rabbitjoker I hope you win too! |
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| Originally posted by 8Wonders Some of us get paid in US dollars, so this is TERRIBLE for me! Go down damn it! |
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| Originally posted by malek don't worry, the federal won't let ontario suffer, watch out for some plan in the near future. |
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