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The dollar hits 90 cents!
woah, I can still remember the Canadian dollar at 60 cents!
Re: The dollar hits 90 cents!
not really a good thing for the economy. US spending in Canada for things like tourism and Hollywood filming movies here is down. But it is good for Canadian consumers buying goods from the states
Re: Re: The dollar hits 90 cents!
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| Originally posted by thesauce23 not really a good thing. US spending in Canada for things like tourism and Hollywood filming movies here is down. |
Re: Re: Re: The dollar hits 90 cents!
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| Originally posted by Floorwhore meh |
but doesn't this mean that canada can buy more from other countries now or import the same amount as before but save more money?
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| Originally posted by King Luis but doesn't this mean that canada can buy more from other countries now or import the same amount as before but save more money? |
Re: Re: Re: Re: The dollar hits 90 cents!
Moving back to the states in 2 months... when I moved here the exchange rate was in the 65-70 cents range 
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| Originally posted by all-nite-freak yes, but this means less jobs for Canadians. a high Canadian dollar is bad for business. Coupled with the insane inflation, i smell recession coming very soon. |
Re: Re: Re: Re: Re: The dollar hits 90 cents!
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| Originally posted by AwakenedAddict Moving back to the states in 2 months |
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| Originally posted by all-nite-freak a high Canadian dollar is bad for business. |
0.60$ USD to 1 CDN $ good for business, bad for regular Joe's who want to travel
0.90$ USD to 1 CDN$ bad for business, good for regular Joe's who want to travel abroad.
It does suck the amount of people who are losing jobs because of the high dollar and all. I am really sorry for them.
One thing I am happy with the high dollar, its so much cheaper to shop for stuff in the states.
so we want a lower dollar right??? wait...i'm confused.
i want a higher dollar so i can buy stuff cheaper from the states but want it lower so there is more businesses and stuff here.
right?
Re: Re: The dollar hits 90 cents!
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| Originally posted by thesauce23 not really a good thing for the economy. US spending in Canada for things like tourism and Hollywood filming movies here is down. But it is good for Canadian consumers buying goods from the states |
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| Originally posted by King Luis so we want a lower dollar right??? wait...i'm confused. i want a higher dollar so i can buy stuff cheaper from the states but want it lower so there is more businesses and stuff here. right? |
Re: Re: Re: Re: Re: Re: The dollar hits 90 cents!
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| Originally posted by thesauce23 Thats awesome. I want to go back ASAP too. |
One thing does anyone know the amount of tax the Government of Canada will hit you when you bring back a car from the States. Seeing its cheaper to buy certain cars there now.
Anyone have a clue or atleast a slight guess?
Re: Re: Re: Re: Re: Re: Re: The dollar hits 90 cents!
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| Originally posted by AwakenedAddict I'm goin', goin'.. back to, back to.. Cali, Cali! Ohh yea, for all those people saying that the high canadian dollar is bad for business.. they are largely mistaken. Although, theoretically, producers of goods for export-markets will suffer.. this will be overcome by increased domestic consumption due to the greater purchasing power of Canadian citizens. Furthermore, firms will adapt to the higher dollar environment by refocusing business operations. Sure some jobs might be lost, but job losses happen all the time. What really matters is the ability of the Canadian economy to produce jobs in high-value added sectors of the economy. A high dollar ensures that the proportion of the economy comprised of low-value added manufacturing production will be gradually reduced. |
Yes, everybody knows the business theory, but it has not translated into actual effects.
Our trade surplus with the United States has been growing with our rising dollar.
It may have to do with our dollar becoming more oil dependant, and the fact that it is now more profitable to export oil from the tar sands. Whether this is good or not, I do not know. Our oil supply is not going anywhere in the near future, so I believe our dollar value will continue to benefit from rising oil prices.
All I know is, I'm going shopping on ebay!
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| Originally posted by Orko It may have to do with our dollar becoming more oil dependant, and the fact that it is now more profitable to export oil from the tar sands. Whether this is good or not, I do not know. Our oil supply is not going anywhere in the near future, so I believe our dollar value will continue to benefit from rising oil prices. All I know is, I'm going shopping on ebay! |
actually, the gaz prices at the pump have remained stable because of the strong dollar. If the dollar was 60 cents, at the pump it would have been 1.50 and over. The barrel is still sold at US dollars value even in Canada.
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| Originally posted by malek actually, the gaz prices at the pump have remained stable because of the strong dollar. If the dollar was 60 cents, at the pump it would have been 1.50 and over. The barrel is still sold at US dollars value even in Canada. |
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| Originally posted by King Luis but doesn't this mean that canada can buy more from other countries now or import the same amount as before but save more money? |
I feel sorry for all the athletes who work in canada...they are getting less money now. Poor Sundin
WTF I AM NEVER COMING TO CANADA AGAIN!!! 
Just kidding......
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