$1 cad = $1.02 usd

[Locut0s]

Back when I was working at 7-11 I used to know the exchange rate on a semi daily basis. Now I don't keep up with it but apparently it's been par or better for a while now. I remember when it was like this back a few years. :awe::awe:

 

[BoomerD]

50 years ago, it was $1 CAD = $0.92 US.
Growing up in Warshington State, we always got fucked over with Canuckistanian funny money...and many merchants refused to take the stuff...but they'd give it to you in change whenever they could get away with it.

 

[Dominato3r]

It's been like this for a while now, too bad I'm not near the border to take advantage of it.

 

[OCGuy]

It's been like this for a while now, too bad I'm not near the border to take advantage of it.

Actually it has been going back and forth...not sure how you would take advantage of it?

 

[InflatableBuddha]

Yeah, but $1 AUD = $1.06 CAD...took a slight hit on the exchange rate today when I got some cash. But at least I can ball out when I get to Kiwi-land...our dollar is very strong against their currency :awe:.

 

[iGas]

The Financial Post had an article a couple of days ago said that the CAD could go above $1.10 USD because it would take another 6 months before the America economic to see daylight.

 

[SandEagle]

can i have a grape slurpee?

/abu

 

[Locut0s]

can i have a grape slurpee?

/abu

I prefer the sour slurpees.

 

[Locut0s]

Yeah, but $1 AUD = $1.06 CAD...took a slight hit on the exchange rate today when I got some cash. But at least I can ball out when I get to Kiwi-land...our dollar is very strong against their currency :awe:.

1CAN = 1.35 NZD. However I don't know what $1 NZD buys you there so that doesn't tell you much by itself.

 

[DrPizza]

Isn't this a good thing? While we can't go shopping there, doesn't a lower valued dollar lead to less consumption of imports and more exports?

 

[rockyct]

Yeah, my relatives were just down from Vancouver for the week and did a ton of shopping at the outlet mall here. Of course, you guys still get shafted at home because while the value of your dollar has improved, the actually cost has not gone down. Go ahead and do your shopping in Washington, the US could use the money right now.

 

[Fritzo]

In the 90's, it was 1.00 US = .70 CAN We went to Windsor and I came back with a bunch of Canadian cash. Last year I traded it in when the dollar sunk and make close to .35/dollar

 

[Rage187]

No VAT = still cheaper to buy in the US.

 

[Imp]

I recently bought a LOT of US currency with CAD money at/near par. Betting that in the longer term (year+), the Canadian dollar will die down again. While I wait, I'm trading US stocks, which is so much funner.

Think I heard/read somewhere that a high Canadian dollar is bad for the Canadian economy. Higher it is, the less people buy from us (exports < imports), so economy "dies", and it goes back down, rinse and repeat.

 

[Locut0s]

No VAT = still cheaper to buy in the US.

Oh of course, not claiming it's cheaper. Just kinda fun to see And although it is a VAT tax we don't call it VAT here, it's called the GST.

 

[mrrman]

I love the exchange.......lots of shopping in the US

 

[iGas]

I recently bought a LOT of US currency with CAD money at/near par. Betting that in the longer term (year+), the Canadian dollar will die down again. While I wait, I'm trading US stocks, which is so much funner.

Think I heard/read somewhere that a high Canadian dollar is bad for the Canadian economy. Higher it is, the less people buy from us (exports < imports), so economy "dies", and it goes back down, rinse and repeat.

Larger market with more stocks doesn't necessarily mean better for investment. There are transaction fees that you have to pay for converting CAD into USD and back into CAD that an investor should also consider.

Another downer is that dividends in US market isn't tax deductible, and dividends in Canadian stocks are tax deductible.

I have played the US stock market and learned that there is no advantage trading in the US market over that of Canadian even with strong Canadian currency.

It is true that high CAD is bad for Canadian economy, but that is base off the world relative price not the USD. The CAD is relatively cheap compare to the AUD and the rest of the world currencies, hence the mining industry in Canada are doing very well because the Asian have a great demand for minerals and most of it come from Australian or Canada.

 

[Imp]

Larger market with more stocks doesn't necessarily mean better for investment. There are transaction fees that you have to pay for converting CAD into USD and back into CAD that an investor should also consider.

Another downer is that dividends in US market isn't tax deductible, and dividends in Canadian stocks are tax deductible.

I have played the US stock market and learned that there is no advantage trading in the US market over that of Canadian even with strong Canadian currency.

It is true that high CAD is bad for Canadian economy, but that is base off the world relative price not the USD. The CAD is relatively cheap compare to the AUD and the rest of the world currencies, hence the mining industry in Canada are doing very well because the Asian have a great demand for minerals and most of it come from Australian or Canada.

Yep. Conversion fees get bigger the further from parity. I think TD charged me 0.4% when CAD was above parity and 4% when it was below. It'd have to drop below US $0.96 = $1 CAD for me to make anything probably.

US isn't a better investment, I just like the higher volatility and volume. For the past 4 weeks, most non-commodity stocks were virtually untouched on the TSX, whereas the US markets went through a 5+% correction. More fun, not better investment wise. I'm also a speculative trader, not an investor. I stick to TSX stocks for dividends and if I get a US dividend because I happen to own something through the ex-dic, yay.

I'm thinking more along the lines of the US being Canada's biggest customer and a strengthening US dollar as their economy further recovers. No guarantee, but again, speculation.

 

[InflatableBuddha]

1CAN = 1.35 NZD. However I don't know what $1 NZD buys you there so that doesn't tell you much by itself.

Paging Gayner and Godless? Don't know about goods but gas is over $2 NZD/L so at least I can catch a break there when I chip in gas money.

 

[wetomb]

Gas (or petrol as its called here) is at its all time highest at $2.189. 3l of milk is around $3.50 at the moment. A leg of lamb is around $35 per kg

 

[Joseph F]

Damn... And I thought our gas was expensive.

 

[wetomb]

Damn... And I thought our gas was expensive.

It's the price we pay for living so far away from the rest of the world. Most cars you see on the road here are Japanese imports and probably 80% have 2l or smaller engines

 

[silverpig]

In the 90's, it was 1.00 US = .70 CAN We went to Windsor and I came back with a bunch of Canadian cash. Last year I traded it in when the dollar sunk and make close to .35/dollar

Uh, I think it got down to like 62 cents at one point.

 

[zinfamous]

This is how wars are started, son.

 

[zinfamous]

Damn... And I thought our gas was expensive.

wat? lolno.

never was, never is.