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Canadian Dollar Power!

I haven't being paying much attention, but I see the Canadian Dollar up up to .93 US. Is the American dollar going to become North America's new Peso? (Just kidding of course).

You are a big fag

and when mean big i mean Tyranosoreass sized

losing faith in the US economy? what's going on over there?

not that I'm complaining, means more buying power for us Aussies too.

AUD Australia - Dollar 2.3355
CAD Canada - Dollar 2.0673
USD United States - Dollar 1.9245

all of your dollars are belong to us

quote:

Originally posted by Ian AUD Australia - Dollar 2.3355 CAD Canada - Dollar 2.0673 USD United States - Dollar 1.9245 all of your dollars are belong to us

Pfft... that's easy to do when you have an artificially controlled currency.

quote:

Originally posted by Moral Hazard Pfft... that's easy to do when you have an artificially controlled currency.

in which ways do you mean (i have an idea but it's easier to check first )

quote:

Originally posted by Ian in which ways do you mean (i have an idea but it's easier to check first )

The Pound Stirling is a restricted currency. It's not traded freely. Your central bank keeps such tight controls on it they can more or less set it wherever they want.

Well at least I can go to Mexico and still buy a hooker for like 12 bucks, right?

quote:

Originally posted by Moral Hazard The Pound Stirling is a restricted currency. It's not traded freely. Your central bank keeps such tight controls on it they can more or less set it wherever they want.

yeah, as I thought It's been strong for a while now, but 2-3 years ago it was quite weak for a long period of time. The country though is suffering financially bigtime so I'm wondering what they'll do soon.

quote:

Originally posted by Ian yeah, as I thought It's been strong for a while now, but 2-3 years ago it was quite weak for a long period of time. The country though is suffering financially bigtime so I'm wondering what they'll do soon.

Quickest way to speed up the economy would be to lower interest rates and increase the amount of currency available on the money markets... get some foriegn investment going.... but then again you Brits seem to be a little afraid of foriegn investment.

moral hazard for president

when the canadian dollar becomes equal to US dollar, canada will officially get an american zipcode.

quote:

Originally posted by Omega_M when the canadian dollar becomes equal to US dollar, canada will officially get an american zipcode.

When the Canadian dollar becomes equal to the US dollar Canada will officially lose it's manufacturing industy.

FYI, the growth in the Candian dollar vs. the US has much more to do with the fall of the US dollar then it does the strength of the Candian currency. Granted, demand for natural resources, of which we have a great deal, is up thus demand for our dollar is up; however, your dollar has fallen more then ours has increased. Once the US get's it shit together on foriegn affairs things will return to a more historically constant level.

damn you took that seriously.

quote:

Originally posted by Omega_M damn you took that seriously.

not at all.

i personally think your all fags except moral because he likes the good anal.

quote:

Originally posted by all-nite-freak and when mean big i mean Tyranosoreass sized

Man I didn't know this dollar had that kind of effect on you and that it had sexual preference overtones. Tyranosore-ass... that's funny. You crack (another ass reference) me up.

you know Jurassic Park was cool like never.

im not very happy about my trip to europe.. the dollar is such shit atm... im gonna take a hit :/

quote:

Originally posted by all-nite-freak i personally think your all fags except moral because he likes the good anal.

Nailed me on that one.

quote:

Originally posted by Moral Hazard The Pound Stirling is a restricted currency. It's not traded freely. Your central bank keeps such tight controls on it they can more or less set it wherever they want.

No it's not. The pound was floated in the 70s. And using interest rates to peg a currency to another would be silly. The way a country pegs a currency is by buying the country's debt that it wants to peg its currency against. So for example China buys US treasuries.

Edit: oops sorry misread your statement on interest rates. But a central bank is not going lower interest rates if inflation is looming.

quote:

Originally posted by occrider inflation is looming.

it sure is, i forgot i left the vigs in the candy dish lolz

quote:

Originally posted by all-nite-freak you know Jurassic Park was cool like never.

I don't know why everyone goes jurasic on that name. I read it as a pseudo-1337 speak for "promiscuous sex".

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