|
Dollar Hits $1.07 US (pg. 2)
|
View this Thread in Original format
| 8Wonders |
Some of us get paid in US dollars, so this is TERRIBLE for me! Go down damn it!
Additionally, how wise would it be to buy a whole lot of US dollars? |
|
|
| ChemEnhanced |
| quote: | Originally posted by 8Wonders
Some of us get paid in US dollars, so this is TERRIBLE for me! Go down damn it!
Additionally, how wise would it be to buy a whole lot of US dollars? |
I've had a US Account for years.....I don't think the Canadian Dollar will sustain this long term and eventually the Dollar will go back down to a more reasonable level....probably around .88 to .92.
As an export nation the high canadian dollar is not a good thing long term |
|
|
| EvilTree |
| quote: | Originally posted by 8Wonders
Some of us get paid in US dollars, so this is TERRIBLE for me! Go down damn it!
Additionally, how wise would it be to buy a whole lot of US dollars? |
let us all mock sports players who insist on being paid on us funds only :D |
|
|
| Spin Laden |
| lol, you can throw djs in there too. |
|
|
| djbruuen |
| quote: | Originally posted by 8Wonders
Additionally, how wise would it be to buy a whole lot of US dollars? |
i was thinking the same thing. If i had money to invest, i'd definitely go nuts on it in about a month or so when it surpases $1.10...its inevitably going to come back down. Selling in 2 years you'd probably make a killing. |
|
|
| Skipper |
A lot of market watchers are saying that the loonie's run is just about over - there might be some short term steam left in it, but it's not sustainable. I heard the top dude at Export Development Canada speak a few weeks ago and their consensus is that the dollar is worth about 80-85 cents in the long run.
That said, the main drivers are rising commodity prices (Canada produces and exports a lot of commodities) and strong economic indicators, like the jobless rate, which is at a generational low.
The US is Canada's biggest trading partner so when their dollar loses purchasing power, it's ultimately not good for the Canadian economy. Then you have all of these people taking their consumer business across the border. Not good. Drives me nuts to hear people cheering about it, actually ;) |
|
|
| urban_legend |
| quote: | Originally posted by ChemEnhanced
1. Oil and Gas Sector
2. George Bush :D |
Definatly
I hear it might hit as high as $1.25? |
|
|
| Silky Johnson |
| I better do some more online shopping while there's still time! Yay! |
|
|
| Spin Laden |
| exactly. The harsh border waits, long drives and cavity searches almost nullify the savings. At home you can shop naked :p |
|
|
| Skipper |
| quote: | Originally posted by urban_legend
Definatly
I hear it might hit as high as $1.25? |
If people knew how high it will go with any degree of certainty, it wouldn't be such a big deal every time it goes up. |
|
|
| 8Wonders |
| quote: | Originally posted by djbruuen
i was thinking the same thing. If i had money to invest, i'd definitely go nuts on it in about a month or so when it surpases $1.10...its inevitably going to come back down. Selling in 2 years you'd probably make a killing. |
I'll hold off for about a month and then I'll go for it :) |
|
|
| jonnystel |
| quote: | Originally posted by 8Wonders
Additionally, how wise would it be to buy a whole lot of US dollars? |
Unless you have close to a million dollars to invest in U.S currency... you will probably make more money working at your normal job haha.. but i thoguht about that!! |
|
|
|
|
