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PostPosted: Wed Oct 13, 2010 10:03 am
 


Title: Loonie nudges close to parity
Category: Misc CDN
Posted By: tritium
Date: 2010-10-13 08:57:10
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PostPosted: Wed Oct 13, 2010 10:03 am
 


Going to the USA today to do some shopping... glad the dollar is close to par.


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PostPosted: Wed Oct 13, 2010 10:59 am
 


tritium tritium:
Going to the USA today to do some shopping... glad the dollar is close to par.

Bad for our economy though, less Americans coming up to give us their money


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PostPosted: Wed Oct 13, 2010 11:42 am
 


jeff744 jeff744:
Bad for our economy though, less Americans coming up to give us their money


Yep. I recall in 1994 going up to BC and essentially seeing a big 25% Off! sign on the whole country. I came back from that vacation with a lot of great Canadian goods and an empty wallet. [B-o]


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PostPosted: Wed Oct 13, 2010 5:40 pm
 


Hello, Summit Racing? I'd like to order...

[drool]


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PostPosted: Wed Oct 13, 2010 6:10 pm
 


Well, I say we should get use to paridy with the US dollar, but nothing like the 1.10 US for 1 cdn dollar like it was a few years ago. Bargin to eat and get gas in the US, but not much after that!!!!!


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PostPosted: Wed Oct 13, 2010 6:25 pm
 


It was over $1.05 briefly in the fall of 2007, but never hit $1.10. Most economists (myself included) would choose a value in the low to mid $0.90s if asked what the ideal exchage rate would be. But given the US economy's weakness (and debt) and domestic inflationary pressures, I think we'd better get used to an at-par or better dollar. Our exporters need to tighten up their operations because the crutch that a low dollar has given these firms is a thing of the past, at least for the foreseeable future.


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PostPosted: Wed Oct 13, 2010 6:45 pm
 


Right you are.

The highest before that was (since 1970)...
25 April 1974: Canadian-dollar US $1.0443


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PostPosted: Wed Oct 13, 2010 10:59 pm
 


Now is the time to get Christmas gifts online.... time to check out Think Geek!!


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