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I can't be the only one that hates the dollar being so high...
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| StereoPrincess |
...my interest rates are going through the roof on my line of credit. small changes make a big difference in what you end up having to paying to the bank.
I don't make a point of buy US products so it doesn't really matter that their dollar is dropping. |
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| rabbitjoker |
| I am making 14% income less this year as a result. :( |
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| StereoPrincess |
| i know that most must initially be happy but seriously, if you stay in canada and are a poor student that only stays here it make a big impact the wrong way. |
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| dEsidEL |
| quote: | Originally posted by StereoPrincess
i know that most must initially be happy but seriously, if you stay in canada and are a poor student that only stays here it make a big impact the wrong way. |
it's all cause and effect .. everyone will never be completely happy whether the dollar is really high/low
next time see if u can negotiate a good fixed rate on ur LOC if u know that interest rate changes are looming..
now's a good time to buy stuff on eBay :D
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| Jayx1 |
| actually they just said that interest rates will probably now stay put since the dollar is so high. So for now its the best of both worlds. |
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| StereoPrincess |
| quote: | Originally posted by dEsidEL
it's all cause and effect .. everyone will never be completely happy whether the dollar is really high/low
next time see if u can negotiate a good fixed rate on ur LOC if u know that interest rate changes are looming..
now's a good time to buy stuff on eBay :D
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next time? if i ever come out of that debt without going bankcrupt. |
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| tw1tch |
| I want the USD to gain some ground again, I prefer making more money than less, and I imagine so do all the other companies in Canada that do business with US companies. |
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| MarkT |
AFAIK, it's a bit more complicated than just the dollar being high...
PLCs (variable ones, anyway) are tied to your bank's Prime rate...which is tied to the Bank of Canada rate. Bank of Canada generally raises/lowers their rate in response to the performance the overall economy, specifically inflation, not just on the basis of how our dollar performs.
The dollar could theoretically be low, but if inflationary pressures threaten to stimulate the economy at a more rapid rate than what the Bank of Canada is comfortable with, they'll jack their lending rate to slow that down. When the economy is more depressed, they'll lower rates to encourage borrowing/investment and growth.
someone with an economics degree can correct me if I'm wrong...but that's my understanding.
The people who are *really* pissed are those living in Canada who get paid in U.S. dollars, LOL :D (I take it that's you, RJ? ty!) |
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| rabbitjoker |
| quote: | Originally posted by MarkT
The people who are *really* pissed are those living in Canada who get paid in U.S. dollars, (I take it that's you, RJ? ty!) |
Yes - it's bad. The best was 3 or 4 years ago where I would turn a 50% bonus on every dollar, and I'd even be happy with 30% - but today it is 15%, which is NO good.
Time to ask for a raise.:whip: |
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| MarkT |
demand one! ;)
I know someone who lives in Windsor and works across the border...he hates it there, but as an engineer making good $$$, it was worthwhile because of the exchange being so favourable for him.
not anymore. he's moving :D |
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| starsearcher |
Lol....when there was a thread going on about the CAD rising everyone was so happy while I was saying that no it's not good for our economy...
Now everyone's agreeing :toothless :toothless |
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| malek |
| quote: | Originally posted by starsearcher
Lol....when there was a thread going on about the CAD rising everyone was so happy while I was saying that no it's not good for our economy...
Now everyone's agreeing :toothless :toothless |
no, i am not agreeing. :whip: :whip: :whip:
one example is the fuel price at the pump. It should be much higher now (thru the 1$ mark) if it wasn't for the weak USD/high CD. |
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