Dollar hits 83 cents US - TranceAddict Forums

TranceAddict Forums (www.tranceaddict.com/forums)
- Canada - Toronto & Southern Ont.
-- Dollar hits 83 cents US

Posted by Jayx1 on Nov-04-2004 16:27:

Dollar hits 83 cents US

Could we see 90? or even at par soon? Time to head south for vacation!

Posted by j_spot on Nov-04-2004 17:17:

Im upset cuz I bought $80 US a few weeks ago when it was @ 0.81.
I could have saved myself a little bit.

but this will make my xmas trip that much cheaper(hawaii here I come)

Posted by NuERA on Nov-04-2004 17:38:

you start a lot of therads, dont you?

Posted by AwakenedAddict on Nov-04-2004 18:05:

This is working out well.. heading to California in december and I've got to buy some American $$$. Hopefully it will be ~ .85 by then

Posted by Jayx1 on Nov-04-2004 21:34:

quote:
Originally posted by NuERA
you start a lot of therads, dont you?

So?

Posted by malek on Nov-04-2004 22:33:

good news

Posted by discojoe on Nov-04-2004 22:56:

good news hopefully productivity will increase

Posted by Slag on Nov-04-2004 23:06:

It's not good for exports, which is a pretty big chunk of the economy.
Edit: Not to mention all the extra leakages incurred. e.g. Trips to Hawaii.

Posted by malek on Nov-04-2004 23:08:

quote:
Originally posted by Slag
It's not good for exports, which is a pretty big chunk of the economy.

don't worry about it

Posted by Slag on Nov-04-2004 23:09:

quote:
Originally posted by malek
don't worry about it

hahah love it for eBay!

Posted by rabbitjoker on Nov-04-2004 23:58:

Time to ask for a raise.

Posted by starsearcher on Nov-05-2004 03:35:

Hahaha...actually I agree with Slag it's NOT GOOD NEWS...it's good news for us as consumer cause we can get cheaper exports but it's really bad in a way for our economy cause everyone from the US that does business in Canada (and there's A LOT - movies is a prime example) loses all the incentive to do so since our dollar is so high.

So in a way...WOHOO...and at the same time...SHIT...not sure really if it's good or bad but i'm seing a lof of bad....many people could be losing jobs soon...

Posted by SniFFleS on Nov-05-2004 04:43:

maybe canada will start looking for other main countries to export too ... instead of having all our eggs in one basket

canadian companies are gonna losing there price advantage on amaerican companies

Posted by starsearcher on Nov-05-2004 04:45:

quote:
Originally posted by SniFFleS
maybe canada will start looking for other main countries to export too ... instead of having all our eggs in one basket

canadian companies are gonna losing there price advantage on amaerican companies

It's a mighty big basket though...not to mention the cheapest to ship to

Posted by malek on Nov-05-2004 06:02:

quote:
Originally posted by starsearcher
It's a mighty big basket though...not to mention the cheapest to ship to

talking about shipping...

the Chinese export so much to Canada, that many boats are charging crazy low fees in order to fill their boats on their trip back to China.

For example: China -> middle of Quebec (coming from Vancouver) is 5000 US$ / container

middle of quebec -> China (going from Vancouver) is 1200 US$ / container

these prices include shipping by rail to/from Vancouver.

Canadians should export to China (easier said than done)

Posted by Slag on Nov-05-2004 06:23:

quote:
Originally posted by SniFFleS
maybe canada will start looking for other main countries to export too ... instead of having all our eggs in one basket

canadian companies are gonna losing there price advantage on amaerican companies

The problem is, other countries will try to avoid importing from Canada as well since it's more expensive than it has been in the past. It's not just the US that is affected.

Posted by Jayx1 on Nov-05-2004 22:32:

83.55 and climbing.

it now costs $1.19 for a US dollar

Quite the difference from $1.68 2 years ago