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The dollar hits 90 cents! (pg. 3)
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| yankeeBaby |
WTF I AM NEVER COMING TO CANADA AGAIN!!! :whip: :whip: :whip:
:o :tongue2 :tongue2 Just kidding......;) |
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| ChemEnhanced |
Unfortunately, the higher canadian dollar will not last....oil prices are having a huge factor on the dollar. Also....with the planned tax cuts by the federal government the market place is looking favourably on this and that also is causing the dollar to rise. When the US Economy goes through hard times the canadain dollar rises as well. The latest news I heard was we could expect the dollar to hit 96 cents before the end of the year and pull even with the US dollar within 2 years.
At this time, I haven't seen any signs of the Economy crumbling...it may happen but right now things are looking good.
Ideally, the canadain dollar should around 86 cents US.
I remember a time when the canadian dollar was actually higher then the US dollar. |
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| jesteraver |
| quote: | Originally posted by ChemEnhanced
Unfortunately, the higher canadian dollar will not last....oil prices are having a huge factor on the dollar. Also....with the planned tax cuts by the federal government the market place is looking favourably on this and that also is causing the dollar to rise. When the US Economy goes through hard times the canadain dollar rises as well. The latest news I heard was we could expect the dollar to hit 96 cents before the end of the year and pull even with the US dollar within 2 years.
At this time, I haven't seen any signs of the Economy crumbling...it may happen but right now things are looking good.
Ideally, the canadain dollar should around 86 cents US.
I remember a time when the canadian dollar was actually higher then the US dollar. |
Wasn't that back in the 60's or was it the 70's then it was higher?
One thing, if the Dollar does crumble at some point and time I hope it wont take a huge hit and go back to the 0.60$, hope it would stay in at 0.80 - 0.90$ range, it would be nice. |
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| tonybologna |
| quote: | Originally posted by 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? |
Importing vehicles into canada is a pain in the ass:
http://www.riv.ca/english/html/how_...ort.html#notice
I also believe you have to pay federal tax plus a flat duty ($200?) if your vehicle has air conditioning. |
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| jesteraver |
Thank you for the link :) |
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| AwakenedAddict |
| People.. don't forget that the strength of the Loonie vs. the Greenback is the product not only of Canadian economic growth, but also sub-par American economic growth. Once the Greenback appreciates back to former levels, a lot of the gains made by the Loonie will be erased. I think for the US and Canadian dollars to reach parity, weakness in the US economy and strong Canadian economic growth must be maintained. |
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| jesteraver |
One thing I have to say is... its cheaper to buy a car in the States then in Canada right now :crazy:
Depending on the car you can save $$$. |
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| Jayx1 |
People saying that we are losing jobs and that a high canadian dollar should consider something.
The only real difference between the US and Canada are taxes. Why cant we compete? Because our welfare state demands that higher taxes and wages be paid thus our operating expenses are higher than those of the US. So we have 2 choices. Cut taxes and expenses and become more productive, or try to find a like mided socialist country with the same types of overhead and ship our good there instead. Since the latter isnt going to happen, we need to change our idea of business in canada. |
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| jesteraver |
| quote: | Originally posted by Jayx1
People saying that we are losing jobs and that a high canadian dollar should consider something.
The only real difference between the US and Canada are taxes. Why cant we compete? Because our welfare state demands that higher taxes and wages be paid thus our operating expenses are higher than those of the US. So we have 2 choices. Cut taxes and expenses and become more productive, or try to find a like mided socialist country with the same types of overhead and ship our good there instead. Since the latter isnt going to happen, we need to change our idea of business in canada. |
+1
I think many people would agree on that but I can be wrong |
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| AwakenedAddict |
| quote: | Originally posted by Jayx1
People saying that we are losing jobs and that a high canadian dollar should consider something.
The only real difference between the US and Canada are taxes. Why cant we compete? Because our welfare state demands that higher taxes and wages be paid thus our operating expenses are higher than those of the US. So we have 2 choices. Cut taxes and expenses and become more productive, or try to find a like mided socialist country with the same types of overhead and ship our good there instead. Since the latter isnt going to happen, we need to change our idea of business in canada. |
Bollocks. Who says we can't compete with the US? Maybe Canada can not match the US in the production of low-value added manufacturing goods... but the educational subsidies paid out by the government of Canada definately give Canadians a leg up in knowledge-intensive industries.
If anything, high taxes restrain the economy from overheating in this time of Canadian prosperity (and American economic stagnation). |
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| malek |
do we really want low-value manufacturing jobs??
we can't compete in the socks market? bah who cares.
I prefer competing in the plane engines/pharmaceuticals/engineering/financial/educational/etc markets. |
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| shanny |
| My father gets paid in US dollars but lives in Canada and has taken a massive massive pay cut from a few years ago because of this. |
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