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The dollar hits 90 cents!
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| itikia |
| woah, I can still remember the Canadian dollar at 60 cents! |
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| 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 |
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| Floorwhore |
| quote: | Originally posted by thesauce23
not really a good thing. US spending in Canada for things like tourism and Hollywood filming movies here is down. |
meh |
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| jon jon |
| quote: | Originally posted by Floorwhore
meh |
hah I agree,, tourism can suck a cock... but I feel for the peeps trying to sell Canadian products in the global marketplace. :nervous: |
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| 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? |
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| all-nite-freak |
| 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? |
yes, but this means less jobs for Canadians.
a high Canadian dollar is bad for business.
Coupled with the insane inflation, i smell recession coming very soon. |
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| AwakenedAddict |
| Moving back to the states in 2 months... when I moved here the exchange rate was in the 65-70 cents range :D |
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| AwakenedAddict |
| quote: | Originally posted by all-nite-freak
yes, but this means less jobs for Canadians.
a high Canadian dollar is bad for business.
Coupled with the insane inflation, i smell recession coming very soon. |
Yes, some producers of marginal profitability will be squeezed out of the market place.. is this a bad thing, or just growing pains in the transition to a more knowledge-based economy? Other than that, the high Canadian dollar benefits not only domestic investors (who benefit from a strong, stable currency with a high rate of return on government issued securities) but also domestic consumers who purchase goods abroad. Furthermore, core inflation (that is inflation with regards to all products except energy and food) over the near term has been negligible. |
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| thesauce23 |
| quote: | Originally posted by AwakenedAddict
Moving back to the states in 2 months |
Thats awesome. I want to go back ASAP too. |
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| 4-play |
| quote: | Originally posted by all-nite-freak
a high Canadian dollar is bad for business.
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I ing hate this...
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I get paid in US dollars...
but, I can buy all my stuff in the US now, for cheap. Too bad a lot of other people think the same way, thus hurthing local businesses. |
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| jesteraver |
0.60$ USD to 1 CDN $ good for business, bad for regular Joe's who want to travel
0.90$ USD to 1 CDN$ bad for business, good for regular Joe's who want to travel abroad.
It does suck the amount of people who are losing jobs because of the high dollar and all. I am really sorry for them.
One thing I am happy with the high dollar, its so much cheaper to shop for stuff in the states. |
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