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$0.9905CND for $1US....lol
- Thread starter manny78
- Start date
manny78 said:
uh bad in ALOT of ways..
good only in short term benefits like purchasing power.. of imports.. and going on vacation etc etc.
this is really bad actually.. the minister of finance is trying to squeeze the price of the dollar back down..
since like 70% of our economy is EXPORTS.
it's bad news when our dollar rises so heavily because our exports have now become alot more expensive.
so yeah.. this is not a good thing.. but entertaining I agree.. =/
M
Megalomaniac
Guest
FriendlyCanadian said:
How are you saying it is a bad thing for your economy. For example lets say you bought a house 5 years ago for 200, now that house is worth like 300.
Longhorn85
New member
bluepeter said:
It's weird but there are some advantages. American products are selling like hotcakes to Canadians.
Longhorn85
New member
gjohnson5 said:
Edit in 5,4,3,2...
M
Megalomaniac
Guest
gjohnson5 said:
Ahhhhh, actually your post is surrounded by conservatives.
M
Megalomaniac
Guest
gjohnson5 said:
I won't be in recession in 08, I'll be collecting my biggest bonus ever and pulling more sallary than ever. Now some laid back people who take only what is given to them might be in recession though, but I'm sure they won't mind because they will all be hugging each other.
fistfullofsteel
Well-known member
looks like greenspan was right again
all the whey
New member
Dial_tone said:I couldn't tell you the last time I bought something from Canada....now if you guys want to export some of those hot chicks then we can talk.
Bro. Only, 5 to 6 yrs. ago decent lap dances where only $10 Canadian. That was only $7 American!!!!!!!!!
dead_reggin_storage_fashi
New member
Megalomaniac said:
not too fast buddy. depends on where you at.
M
Megalomaniac
Guest
dead_reggin_storage_fashi said:
Let's say I'm in Canada.
Megalomaniac said:
you obviously don't know to much about the canadian economy.
our economy is largely driven by (EXPORTS)
Exports are products and goods that OTHER countries buy.
now all our exports are more expensive and less appealing to other countries.
EVERY TIME the canadian dollar goes up one cent, our forestry industry loses 500 million dollars, since the rise of the canadian dollar there have been 32,000 jobs cut in the foresty industry since 2001. this is just one example of many.
the forestry industry made up 2% of our GDP last year.
these things hurt our economy.. though it looks great short term, not so great long term.
heavy_duty
New member
Me I don't give a shit about that because I import shit from the USA and sell it to my fellow Canadians so right now I'm a happy fucker!
And I'm stocking up like a mofo right now, my suppliers love me.
And I'm stocking up like a mofo right now, my suppliers love me.
FriendlyCanadian said:
M
Megalomaniac
Guest
heavy_duty said:
see this is what I was talking about in the Iraq thread, we all do what we need to to get "ours". It isn't a coom bah ya world, it never has been and never will be. When I was a little kid and got hit or get my way I didn't log onto a board and bitch about it. What I did was change the situation so I didn't get hit anymore.
MSG boards are about pulling chicks, lifting weights and running the club.
heavy_duty said:
then I'm super happy for you bro, I'm about to make some american purchases too, our retail prices.. clothing cars.. etc..
need to start reflecting our dollar in my opinion. or else I'm going to take my shopping to the net.
also our dollar is set to parity the american dollar.
some economists even perdict about 1.05 the american dollar.. eep..
heavy_duty
New member
Yesssssssssssss
it's better today than yesterday
it's better today than yesterday
We did it at 11am !!! lol
Loonie hits par with the U.S. dollar
Financial Post
Published: Thursday, September 20, 2007
The Canadian dollar rose as high as US$1.0001 cents just before 11 a.m. on Thursday something that hasn't happened since the Nov. 25, 1976.
The dollar ultimately fell back a few hundredths of a cent. By 11 a.m., it was trading at US99.84 cents.
The greenback sunk to a record low against the euro, a signal of the U.S. currency's weakness around the world. Gold hit a record high of US$730.25 an ounce, also due to weakness in the U.S. dollar. Gold is bought and sold in U.S. dollars, so a weaker dollar makes bullion cheaper for foreign investors.
One cause of the greenback's drop appears to be concern over anticipated remarks by Ben Bernanke, Chairman of the U.S. Federal Reserve, to address a U.S. congressional committee on Thursday morning.
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Canadian coins
Ward Perrin/Vancouver Sun
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Font: ****In a prepared text of his remarks made available on the U.S. Federal Reserve website, Mr. Bernanke said that subprime mortgage losses have triggered uncertainty in broader financial markets, raising concern about the consequences for economic activity.
The U.S. Fed cut its benchmark federal funds rate by 50 basis points on Tuesday to 4.75% to help forestall some of the adverse effects on the broader economy that might arise from subprime crisis, Mr. Bernanke's prepared remarks state.
"Recent developments in financial markets have increased the uncertainty surrounding the economic outlook," the prepared text states. "The Committee will continue to assess the effects of these and other developments on economic prospects and will act as needed to foster price stability and sustainable economic growth."
The dollar opened the week at US$0.97 and shot up almost three cents versus the greenback, a rise economists attribute to surging commodity prices, especially for oil.
"This gravitational pull towards parity has really picked up some steam this morning," said Jack Spitz, director of foreign exchange at National Bank, in a phone interview. "From a day trading perspective, sure, [parity] is in the cards."
One of the factors affecting how high the dollar rises is the market's expectation of what the Bank of Canada will do at its monetary policy meeting in October, Mr. Spitz said. The loonie is already above the central
bank's own target level, he added.
Loonie hits par with the U.S. dollar
Financial Post
Published: Thursday, September 20, 2007
The Canadian dollar rose as high as US$1.0001 cents just before 11 a.m. on Thursday something that hasn't happened since the Nov. 25, 1976.
The dollar ultimately fell back a few hundredths of a cent. By 11 a.m., it was trading at US99.84 cents.
The greenback sunk to a record low against the euro, a signal of the U.S. currency's weakness around the world. Gold hit a record high of US$730.25 an ounce, also due to weakness in the U.S. dollar. Gold is bought and sold in U.S. dollars, so a weaker dollar makes bullion cheaper for foreign investors.
One cause of the greenback's drop appears to be concern over anticipated remarks by Ben Bernanke, Chairman of the U.S. Federal Reserve, to address a U.S. congressional committee on Thursday morning.
View Larger Image
Canadian coins
Ward Perrin/Vancouver Sun
Email to a friend
Printer friendly
Font: ****In a prepared text of his remarks made available on the U.S. Federal Reserve website, Mr. Bernanke said that subprime mortgage losses have triggered uncertainty in broader financial markets, raising concern about the consequences for economic activity.
The U.S. Fed cut its benchmark federal funds rate by 50 basis points on Tuesday to 4.75% to help forestall some of the adverse effects on the broader economy that might arise from subprime crisis, Mr. Bernanke's prepared remarks state.
"Recent developments in financial markets have increased the uncertainty surrounding the economic outlook," the prepared text states. "The Committee will continue to assess the effects of these and other developments on economic prospects and will act as needed to foster price stability and sustainable economic growth."
The dollar opened the week at US$0.97 and shot up almost three cents versus the greenback, a rise economists attribute to surging commodity prices, especially for oil.
"This gravitational pull towards parity has really picked up some steam this morning," said Jack Spitz, director of foreign exchange at National Bank, in a phone interview. "From a day trading perspective, sure, [parity] is in the cards."
One of the factors affecting how high the dollar rises is the market's expectation of what the Bank of Canada will do at its monetary policy meeting in October, Mr. Spitz said. The loonie is already above the central
bank's own target level, he added.
gjohnson5
New member
I wanna post this here as well
This is what was happening in 1976 the last time US Dollar and the Canadian Dollar were the same
Quoting from the Gerald Ford playbook...
http://www.ford.utexas.edu/LIBRARY/document/platform/jobs.htm
We believe it is of paramount importance that the American people understand that the number one destroyer of jobs is inflation. We wish to stress that the number one cause of inflation is the government's expansion of the nation's supply of money and credit needed to pay for deficit spending. It is above all else deficit spending by the federal government which erodes the purchasing power of the dollar. Most Republicans in Congress seem to understand this fundamental cause-and-effect relationship and their support in sustaining over 40 Presidential vetoes in the past two years has prevented over $13 billion in federal spending. It is clear that most of the Democrats do not understand this vital principle, or, if they do, they simply don't care.
Inflation is the direct responsibility of a spendthrift Democrat-controlled Congress that has been unwilling to discipline itself to live within our means. The temptation to spend and deficit spend for political reasons has simply been too great for most of our elected politicians to resist. Individuals, families, companies and most local and state governments, must live within a budget. Why not Congress?
Republicans hope every American realizes that if we are permanently to eliminate high unemployment, it is essential to protect the integrity of our money. That means putting an end to deficit spending. The danger, sooner or later, is runaway inflation.
Wage and price controls are not the solution to inflation. They attempt to treat only the symptom -- rising prices -- not the cause. Historically, controls have always been a dismal failure, and in the end they create only shortages, black markets and higher prices. For these reasons, the Republican Party strongly opposes any reimposition of such controls, on a standby basis or otherwise.
*edit*
But it's interesting how Republicans blame Democrats for defecit spending when the Republicans who prolonged the Vietnam War... Seems very similar to today
*edit*
This is what was happening in 1976 the last time US Dollar and the Canadian Dollar were the same
Quoting from the Gerald Ford playbook...
http://www.ford.utexas.edu/LIBRARY/document/platform/jobs.htm
We believe it is of paramount importance that the American people understand that the number one destroyer of jobs is inflation. We wish to stress that the number one cause of inflation is the government's expansion of the nation's supply of money and credit needed to pay for deficit spending. It is above all else deficit spending by the federal government which erodes the purchasing power of the dollar. Most Republicans in Congress seem to understand this fundamental cause-and-effect relationship and their support in sustaining over 40 Presidential vetoes in the past two years has prevented over $13 billion in federal spending. It is clear that most of the Democrats do not understand this vital principle, or, if they do, they simply don't care.
Inflation is the direct responsibility of a spendthrift Democrat-controlled Congress that has been unwilling to discipline itself to live within our means. The temptation to spend and deficit spend for political reasons has simply been too great for most of our elected politicians to resist. Individuals, families, companies and most local and state governments, must live within a budget. Why not Congress?
Republicans hope every American realizes that if we are permanently to eliminate high unemployment, it is essential to protect the integrity of our money. That means putting an end to deficit spending. The danger, sooner or later, is runaway inflation.
Wage and price controls are not the solution to inflation. They attempt to treat only the symptom -- rising prices -- not the cause. Historically, controls have always been a dismal failure, and in the end they create only shortages, black markets and higher prices. For these reasons, the Republican Party strongly opposes any reimposition of such controls, on a standby basis or otherwise.
*edit*
But it's interesting how Republicans blame Democrats for defecit spending when the Republicans who prolonged the Vietnam War... Seems very similar to today
*edit*
