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TranceAddict Forums > Local Scene Info / Discussion / EDM Event Listings > Canada > Canada - Toronto & Southern Ont. > Canadian dollar regains parity with U.S. greenback
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Spin Laden
Nick Vachon approved



Registered: Jan 2006
Location: 1211 Ambien City Blvd, Canada, K1A 0A9

quote:
Originally posted by emonster4life
Although the Canadian dollar is gaining ground against the US dollar it is not necessarily good for Canada. Yes of course if you come to the US for shopping, clothing will be much cheaper. But lets take a look at the big picture. 87% of Canada's exports come to the US. US companies are not going to pay more to Canada for their products ordered, therefore Canadian companies will be making less since raw materials costs will be rising and sales revenue will be declining due to a weak US dollar.

The Eurodollar is also rising against the Greenback. Look at this article. If the dollar continues to fall look what will happen to Airbus.

http://www.cnbc.com/id/20902307/for/cnbc/

Whose the winner? American corporations and investors in the stock market. Companies like Coca cola and McDonalds who have huge international exposure are benefiting on a rising euro, yen, etc. and making more money than expecting come earnings time year after year.


yeah, we are all over that issue over in the MTLTA forums. I have a feeling the USD will climb again.


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Old Post Sep-21-2007 21:50  Canada
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Time2Burn
TOTA Beacon



Registered: Mar 2001
Location:

quote:
Originally posted by ChemEnhanced


Haha nice.... the truth is money does grow on trees. You just have to be growing the right kind

Old Post Sep-21-2007 21:56  South Africa
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emonster4life
Supreme tranceaddict



Registered: May 2006
Location: LAS VEGAS

quote:
Originally posted by Spin Laden
yeah, we are all over that issue over in the MTLTA forums. I have a feeling the USD will climb again.


In the longterm yes but for the next year it will not rise since the Federal Reserve is expected to keep lowering rates until our housing market starts to grow.

Old Post Sep-21-2007 21:58  United States
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mnemonic.
Michael-San



Registered: Jan 2006
Location: I miss Japan...

i was at work for the first time in a week today, and HOLY SHIT, prices on some products that we get from the U.S. hit the fucking floor, sharp aquos TV's, western digital hard drives, Every Samsung tv we have, LCD or plasma...wow, i was definately shocked.


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Then, I blew out the candle.

Old Post Sep-22-2007 04:51  Canada
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Chris Allen
Supreme tranceaddict



Registered: Apr 2004
Location: Calgary, Alberta

As of right now:

100.00 USD = 100.090 CAD

w00t!


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Old Post Sep-22-2007 05:29  Canada
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TranceAddict Forums > Local Scene Info / Discussion / EDM Event Listings > Canada > Canada - Toronto & Southern Ont. > Canadian dollar regains parity with U.S. greenback
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