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Dollar Hits $1.07 US (pg. 3)
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| loca |
| quote: | Originally posted by jennypie
I better do some more online shopping while there's still time! Yay! |
Exactly what i've been doing :D That and purchasing plane tickets for next year! Woohoo! |
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| jpistone |
i dont see the us economy picking up any time soon.
i dont see the price of gas going down any time soon.
i think its gonna hit 110
Has anyone ever heard of the AMERO?
| quote: | Originally posted by 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 ;) |
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| SuperJimbo |
| Nobody knows anything. Particularly "market watchers." |
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| kotsy |
The Toronto Sun ran an article on this and there was something wrong with their picture.
Can you guess what it is??
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| jpistone |
the pic should have 1 loonie and 1 U.S. greenback and 7 u.s. cents
BINGO!
| quote: | Originally posted by kotsy
The Toronto Sun ran an article on this and there was something wrong with their picture.
Can you guess what it is??
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| smuncky |
| well what the hell do u want. it's the sun. |
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| Prometheus Xex |
| I still want to buy the Grand Canyon with the new CDN dollar power-horse. Who's in? |
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| exstasie |
me in the bum!
CAD to USD (N/A:CADUSD=X)
8:08AM ET
1.1014
Bid: 1.1014
Ask: 1.1018 |
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| jon jon |
http://www.cbc.ca/money/story/2007/...r-overseas.html
Loonie surpasses $1.10 US
Last Updated: Wednesday, November 7, 2007 | 8:38 AM ET
CBC News
The Canadian dollar continued its lofty flight as it passed $1.10 US on Wednesday while the U.S. dollar continued to weaken.
Shortly after the start of trading in North America, the loonie was up more than 1.75 cents at $1.1027 US.
The U.S. dollar continued to lose ground against other currencies. The greenback fell to another record low of $1.4703 US against the euro, while the British pound hit $2.1051 US, a level not seen since since May 1981.
Higher oil prices also helped propel the Canadian dollar. The December futures contract for light sweet crude was up $1.27 US at $97.97 US per barrel.
Gold also shot higher Wednesday, gaining almost $22 US to hit $845.30 US an ounce.
The latest of advance of the loonie will most likely send economists back to the drawing board to redo their forecasts for the dollar. The currency has appreciated much faster than many observers had been expecting.
The Canadian dollar regained parity with the U.S. greenback in September. The loonie has been setting new records since Oct. 31, when it surpassed its previous modern-day high of $1.0614, which dated back to August 1957. |
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| StereoPrincess |
we all need to go shopping in buffalo!! get ready grinder!
the prices there are cheap (and were cheap even back in the day of the 60 cent canadian dollar).
SHOPPING TRIP!! Weeeeee!! |
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