The USD/CAN goes past 1.0000

Triple_Strum

Triple_Strum

Active member
Meaning, as of this second (of course it can fluctuate up or down) the Canadian dollar is more valuable than the U.S. dollar. You Canadians and your oil and metals! :)
 
haha yea its awsome, i went to canada last weekend and exchanged 100 bucks and got a little over that.
 
sounds like it's time for a vacation to the states you stupid fucking canucks

jk jk

stay there
 
The funniest part about this, is I remember CONSTANTLY being made fun of by all the americans at summercamp. They would make tonnes of jokes about "monopoly money... funny money... play money..."
All jokes centered around the fact that it was worth nothing and it was a joke to spend it because their money was worth so much.
Just funny, is all I'm saying. :)
 
my brother went to a restaurant in the states this weekend and they said the canadian dollar was 0.75/1.00. lol he got ripped off. he ended up paying like 17 $ for a bit of chicken
 
Your shit is still way more expensive. I just paid $43 american for a 24 pack of Corona this weekend. F Canada.
 
Indeed, my brother was in the army there. They used the term "water buffalos" to describe the majority of the female population up there.
 
FINALLY, that Canadian nickel I found the other day is worth MORE than my regular nickels! haha.
 
your money still looks like monopoly money so not that much has changed...your dollar is called the looney and you have a 2 dollar coin let's be real now ha ha
 
On a positive note for both the USD and CAD, they have gained about 15 cents on the Euro since October.
 
good for american international selling, and canadian international buying. I am going to go rape backcountry pretty soon.
 
so whos going to take over america? come on guys, did you relly think this would last? we're dying
 
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Those are upper midwest prices, cheapest beer anywhere. case of keystone for 13, coors 15, MGD 16. Shit's ridiculous
 
I hope all the Canadians rooting for this realize that its not necessarily a good thing for Canada. Canada is primarily an export economy and thus a stronger dollar encourages interested parties to buy elsewhere.That includes tourism
 
Welcome to international currency investment. In a day it can fluctuate quite a bit.
The dollar is somewhat rising, but the thing is currency is such a complicated measure especially with currency pegging. A stronger CAD is probably bad because, like someone very wisely mentioned, Canada largely exports. Therefore, less will be bought of Canadian goods and the purchasers will likely turn to a cheaper source of resources like Russia for example. The Euro has more purchasing power against the Ruble than the CAD. It's kind of a cool topic and something I have done a lot of projects/papers on. A lot of the tension lies within this theory of "global imbalances". Definitely something worth reading up on if you have any interest in international trade.
Currency doesn't reflect the economic standing of a country. So there is no "competition" and this doesn't mean that Canada is having a more efficient economy than the US (even though they probably are right now). I have been following the GBP, Yen, and Euro really closely and all of the "experts" predicted completely wrong of what actually turned out to be the case. The Yen was supposed to be at around 87 per dollar and it is now around 94. The pound was supposed to be 60 etc. Trade balances are a good indicator of what currency is going to do, but those are utterly impossible to predict. Thankfully it looks like the world economy is getting a lot better than the doomsday prediction that a lot of economists were certain was going to happen. There is a lot of speculation of a bubble happening, but at this point it is hard to tell which area it would be in if it does happen.
 
I'm need to pick a paper topic soon and I have a pretty broad list of possibilities, but since you seem to have some background with currency, I was thinking about posing a question to the effects of Europe moving to the Euro, and the effects that has on individual countries needing/wanting to change interest rates and other monetary function and how being forced to work as a unit has caused any problems or helped that. Perhaps something about what the effects of Greece's economy will have on the Euro and if Germany decides to bail them any other ripple effects throughout Europe. Just found out I had to do this an hour ago and these are some of my first ideas, but if you have any other ideas or could point me in a good direction as far as research goes, that would awesome.
 
This sucks. It means the Vancouver film industry will start to lose business if the USD keeps losing value to the CAD. And I'm a post production supervisor who wants to move to Vancouver soon.
 
Here's a cool article on the EU and the situation you are talking about (particularly Greece)http://www.economist.com/world/europe/displayStory.cfm?story_id=15838029
It's a good read. I would say Germany is a prime example of a country that may be contributing more at the moment but Spain is also something very worthy of consideration. At the height of the winter they had an unemployment rate of something like 20.2%. One of the higher if not the highest in the EU at the time. Ripple effects are definitely something that is plausible, but I don't think they will necessarily be dire consequences because of the stand-strong unification between the countries. I could be wrong though and it could backfire sending Greece's economy plunging further, but I highly doubt it.
Definitely check out the relation between Ireland and the UK/EU. There was a very interesting recovery process that took place late in 2008/early 2009. Ireland has made some long strides to accommodate for their really harsh economic recession seen in the "global financial crisis". Irish unemployment fell incredibly after certain measures were taken. Worthy of checking into as their "bail out" worked perfectly.
 
I remember a quote from Stephen Colbert a couple years ago saying that Canada should have to pay copyright fees, thus making the USD more valuable haha.

but go canada!
 
I always feel so rich when I go to the states because i end up with a bunch of dollar bills in my usually empty wallet.
 
Thanks a ton man! I've read some stuff about Ireland, and yeah ever since they changed their tax structure and really made themselves competitive for entrepreneurs to set up shop, they have had more people moving to Ireland than leaving for the first time in decades. I'll check out more about Spain though, the point of my paper is to predict something that will happen, whether it is correct or not is not too big of an issue as long as my argument is well constructed and I have solid reasoning and information as to why it may happen. Thanks though!
 
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