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Dollar rises again!
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| starsearcher |
If you're planning to buy something in he US you better do it quick! ;) Our dollar has risen up higher today thanks to US trade slowdown and the fall of the US dollar!
Quick trip to Buffalo anyone? :p |
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| Jayx1 |
| shuffle off to buffalo |
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| drgoodvibe |
incidentally a large trade surplus for Canada was announced.
http://www.cbc.ca/story/business/na...ade-050112.html
| quote: | "The Bank of Canada will read this as stronger than expected for growth, with the firmer net export position outweighing concerns over soft imports," BMO Nesbitt Burns chief economist Sherry Cooper said in a commentary.
"Combined with the news of a record U.S. deficit, the results are a huge boost to the [Canadian dollar], and reinforce the view that the underlying trend in the currency will still be higher in 2005," she said.
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expect our interest rates to go up if we continue at this growth. |
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| AwakenedAddict |
| quote: | Originally posted by drgoodvibe
expect our interest rates to go up if we continue at this growth. |
Yea, the canadian lending rate is projected to rise in the near future |
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| AwakenedAddict |
| quote: | Originally posted by starsearcher
Our dollar has risen up higher today thanks to US trade slowdown and the fall of the US dollar! |
The dollar hasn't risen because of the decline in the US dollar (due to the american trade deficit).. it has only affected the exchange rate.
The rise in the canadian dollar has more to do with the canadian trade surplus (and hence strong economy) previously mentioned by drgoodvibe |
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| starsearcher |
Ah gotcha...well either way...time to get some US deals :p
By the way, loving your new avatar ;) |
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| AwakenedAddict |
thnx dude :)
I have no idea where it's from tho.. i jacked it off some guy in COR ;) |
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| Jayx1 |
| quote: | Originally posted by AwakenedAddict
The dollar hasn't risen because of the decline in the US dollar (due to the american trade deficit).. it has only affected the exchange rate.
The rise in the canadian dollar has more to do with the canadian trade surplus (and hence strong economy) previously mentioned by drgoodvibe |
actually there hasnt been much rise at all in the canadian currency compared to most other currencies. The problem is that canadians only measure against US dollars which have dropped substantially against most currencies. Therefore the comparison to the US dollar offers a false view of where our dollar really stands in the world. |
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| RobbyG. |
| quote: | Originally posted by AwakenedAddict
thnx dude :)
I have no idea where it's from tho.. i jacked it off some guy in COR ;) |
Me like it too:D |
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| ShadoWolf |
| I think you guys should look at the one year CAD-EUR exchange rate chart before talking. |
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| starsearcher |
| quote: | Originally posted by ShadoWolf
I think you guys should look at the one year CAD-EUR exchange rate chart before talking. |
*sigh*
OK...the whole idea of this thread was (read first post) you can now get much better deals from the US ;) as in...cheaper because our exhange rate is better...I don't really care about other currencies. You get taxed much less in the US (if at all) and most products are a bit cheaper as well - put that together with the neat new exchange rate and you get some serious savings! :D That's all...me no care about Euro right now that wasn't the point of this thread ;) |
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