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The dollar hits 90 cents! (pg. 2)
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| 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? |
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| Ub3rBreaker |
| quote: | 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 |
:rolleyes:
The bottom line is that this is awsome for Canada and ty for the USA. |
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| jesteraver |
| quote: | 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? |
pretty much (thats the way i see it)
May 1st, 2006
1 CDN$ to 0.90 USD$
1 CDN$ to 0.70 Euro
1 CDN$ to 0.49 £
1 CDN$ to 1.18 AUD$
1 CDN$ to 1.11 CHF
1 CDN$ to 102.334 ´
May 1st, 2002
1 CDN$ to 0.64 USD$
1 CDN$ to 0.70 Euro
1 CDN$ to 0.439 £
1 CDN$ to 1.19 AUD$
1 CDN$ to 1.02 CHF
1 CDN$ to 81.80 ´
I am happy about that also, seeing I order alot of stuff from Europe (i.e: music) getting way cheaper. |
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| AwakenedAddict |
| quote: | Originally posted by thesauce23
Thats awesome. I want to go back ASAP too. |
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. |
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| jesteraver |
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? |
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| malek |
| quote: | 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. |
what the man says, plus the ability for canadian companies to buy imported machinery/software/tools to help increase productivity.
a strong currency is never a bad thing, we just have to adjust. |
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| Orko |
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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| jesteraver |
| quote: | 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! |
lol.
I noticed that a while ago, every time the price of gas goes up, our dollar goes up.
One thing does anyone have a clue what would happen when and if it does happen when... 1 CDN$ = 1.50 USD$.
Probably will never happen. |
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| 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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| jesteraver |
| quote: | 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. |
Do you think that will ever change? |
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| AC-Milan |
| quote: | 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? |
This means that pretty soon Americans will be buying less Canadian products and it sucks when 60% or + of your economy is dependent on one country. Bush has been implementing this strategy on purpose for years now |
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| ChemEnhanced |
| I feel sorry for all the athletes who work in canada...they are getting less money now. Poor Sundin |
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