Canadian dollar at $0.9977US now.

[imported_LoKe]

0.9992~

 

[Miramonti]

Originally posted by: RichUK
1.00 GBP = 2.01283 CAD

lol

Originally posted by: dennilfloss
Pretty steady progression the last five years.

http://finance.yahoo.com/curre...=CAD&to=USD&amt=1&t=5y

0.9980 now.

Very steady, altho par is probably over doing it in the short term. The canandians will make sure it hits it soon tho, so they can finally get their 15 minutes of fame.

 

[dennilfloss]

9993

 

[dennilfloss]

9994

 

[0roo0roo]

good, less annoying canadian tv accents and bland canadian city locations will be popping up in tv shows and movies.

they no longer have the cost advantage

 

[Eug]

Originally posted by: GuideBot
If it climbs above the 1.00US mark, that's a bad thing. The US is Canada's #1 customer and if the US goes somewhere else because Canada becomes too expensive for exports, Canada's 30 million people are going to have a very screwed economy.

Bids already hit $1.00 today (and then dropped back).

Yes, Canada's export sector is suffering somewhat, but it's been suffering for a while now. In truth, the difference between 99¢ and $1.01 isn't that much. Also you must remember that the US$ has been dropping against most currencies, not just the CAD$. So, as CAD prices go up for the US, so do European prices for the US, etc. OTOH, while Canada's export sector is indeed suffering, it's also been able to cope far better than some might have predicted.

OTOH, China has a huge surplus against the US because they've artificially pegged the Chinese Yuan at US$0.133.

 

[Josh]

$1 Canadian = $0.99 USD :|

 

[piasabird]

So does this mean the value of the USA dollar is dropping or the value of the Canadian dollar is rising or what?

 

[dennilfloss]

Both.

Still at .9994.

 

[zinfamous]

:shocked:

 

[Miramonti]

From $.65 to $1.00 in 5 years, especially between 2 countries that generally have a very high correlation between their currencies, this is a HUGE move.

 

[Miramonti]

Originally posted by: piasabird
So does this mean the value of the USA dollar is dropping or the value of the Canadian dollar is rising or what?

The Canadian dollar vs. Euro has been slightly strong in the last 5 years, but its more about the pummeling of the USD.

 

[dennilfloss]

.9995

 

[replicator]

Originally posted by: RichUK
1.00 GBP = 2.01283 CAD

However, $1 CAD has the buying power of at least 1 GBP (at least in London, where I am now vacationing). You walk into Starbucks, and the price is exactly the same as in Canada, yet it is in GBP. A modest dinner is 30 GBP, for what I could probably get for $20 Canadian.

 

[shiner]

[dmcowen674] This is all a well orchestrated plot by the Republicans, the Illuminati, the Vorlons and the Ghost of Christmas Past to devalue the dollar and introduce the Amero. You have nobody to blame but yourself for this since you helped put your corporate masters in the position to do this to you. [/dmcowen674]

 

[dennilfloss]

We're climbing against the peso too.

http://finance.yahoo.com/curre...=CAD&to=MXN&amt=1&t=5y

A bit more erratic against the BP.

http://finance.yahoo.com/curre...=CAD&to=GBP&amt=1&t=5y

 

[Vegitto]

Originally posted by: replicator

Originally posted by: RichUK
1.00 GBP = 2.01283 CAD

However, $1 CAD has the buying power of at least 1 GBP (at least in London, where I am now vacationing). You walk into Starbucks, and the price is exactly the same as in Canada, yet it is in GBP. A modest dinner is 30 GBP, for what I could probably get for $20 Canadian.

Yeah, that kind of thing is really annoying.. For example, when something costs $499, we pay ?499 and most of the times even more.. If there were no import tax, it'd be WAY cheaper to import everything from the USA..

 

[Mark R]

Originally posted by: GuideBot
If it climbs above the 1.00US mark, that's a bad thing. The US is Canada's #1 customer and if the US goes somewhere else because Canada becomes too expensive for exports, Canada's 30 million people are going to have a very screwed economy.

Not necessarily.

Canada's major exports to the US are energy (oil and gas) and minerals (uranium, nickel, iron, etc.).

These are in very short supply in the world at the moment, so no matter what happens to the CDN/USD, the US can't turn to another supplier. Canada's major exports are secure.

 

[dennilfloss]

They might invade though. :frown:

 

[Miramonti]

Originally posted by: shinerburke
[dmcowen674] This is all a well orchestrated plot by the Republicans, the Illuminati, the Vorlons and the Ghost of Christmas Past to devalue the dollar and introduce the Amero. You have nobody to blame but yourself for this since you helped put your corporate masters in the position to do this to you. [/dmcowen674]

You haven't missed a step.

Welcome back. :beer:

 

[jandrews]

Originally posted by: Mark R

Originally posted by: GuideBot
If it climbs above the 1.00US mark, that's a bad thing. The US is Canada's #1 customer and if the US goes somewhere else because Canada becomes too expensive for exports, Canada's 30 million people are going to have a very screwed economy.

Not necessarily.

Canada's major exports to the US are energy (oil and gas) and minerals (uranium, nickel, iron, etc.).

These are in very short supply in the world at the moment, so no matter what happens to the CDN/USD, the US can't turn to another supplier. Canada's major exports are secure.

Err are you sure about that? I thought the #1 canadian export was lumber.

 

[ballmode]

Ahh economics

 

[Eug]

Loonie hits parity

The Canadian dollar has broken through parity for the first time since Nov. 25, 1976.

The first official trade at parity took place at 10:58 a.m., said David Watt, senior currency strategist at RBC Capital Markets.

 

[dennilfloss]

.9982

We're dropping!!!:frown:

So our 1976 drop coincided pretty much with the election of the Parti Québécois, eh?

 

[mrrman]

I love it....time to shop