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| Predicting the Loonie http://www.canadaka.net/forums/business-f29/predicting-the-loonie-t25687.html |
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| Author: | Robair [ Tue Jul 03, 2007 10:38 pm ] |
| Post subject: | Predicting the Loonie |
How high is it going and when will it get there? Here's the deal, I recently moved back to Canada and am driving a vehicle financed in the US (acquired while I was working down there). I'm gonna trade it in, change in situation, no longer single. But I want to take advantage of the zooming loonie. I'd like to trade it in right when the loonie peeks. So, what are the predictions? |
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| Author: | Mr_Canada old [ Tue Jul 03, 2007 10:42 pm ] |
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In fall, it's predicted to tie the American Dollar. THIS fall. Late fall. It may not happen however, right after that prediction, the loonie took a crashing fall. It's back up there again, and might pass the American dollar by next year. |
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| Author: | westmanguy [ Tue Jul 03, 2007 10:44 pm ] |
| Post subject: | |
Last predictions I heard are Nov-Feb. is when it will peak be on par with the U.S. dollar |
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| Author: | Toro [ Wed Jul 04, 2007 4:20 am ] |
| Post subject: | |
It is going to par. How high it does from there, I don't know. However, it may be best to know the loonie will stay high for a long time. |
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| Author: | westmanguy [ Wed Jul 04, 2007 2:43 pm ] |
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I am going to Vancouver, BC this summer on a road trip with a friend, and we are going through North Dakota-Montana-Idaho-Washington-Van. BC on the way their because: 1) High Dollar (94 cents) 2) Lower taxes in U.S. 3) Slightly cheaper gas Also noticed A TON of a lot more American advertising in my local newspaper and local tv news telling us to to go to Minot, ND, or Grand Forks, ND... lol |
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| Author: | Robair [ Fri Jul 06, 2007 8:17 am ] |
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OTTAWA (CP) - After news that the economy created almost 35,000 new jobs in June, the Canadian dollar jumped above 95 cents US early Friday as traders bet that interest rates will soon rise. "Any lingering doubts about next week's interest rate decision by the Bank of Canada were washed away today," said Douglas Porter, a senior economist with BMO Capital Markets. "This one is clear-cut: the labour market remains drum tight. Against this backdrop, the Bank of Canada appears fully primed to hike rates next week and is likely to follow with another move in September." At midmorning, the Canadian dollar was trading at 95.35 cents US, up 0.72 of a cent, after closing Thursday at a 30-year high of 94.63 cents US. Good stuff, when I purchased my truck we were at about 70 cents. |
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| Author: | westmanguy [ Fri Jul 06, 2007 4:42 pm ] |
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wow! It closed to day at 95.3 This is great (not for industry, but for consumers)! Thing I don`t get is we are almost part with the United States, yet prices haven`t gone down.... |
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| Author: | RUEZ [ Fri Jul 06, 2007 4:46 pm ] |
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westmanguy westmanguy: Thing I don`t get is we are almost part with the United States, yet prices haven`t gone down.... Interesting isn't it? We as consumers need to start kicking a little retail ass. See my news post about car prices. Check out any car manufacturer in Canada and then check the website for the US price. Almost without exception the American version of the same car will be between 6 and 8 thousand dollars cheaper. Except the Fords. We should start doing a lot more cross border shopping until retailers start treating us better.
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| Author: | BartSimpson [ Fri Jul 06, 2007 4:46 pm ] |
| Post subject: | |
The currency market is a fickle thing. I know the CDN$ is doing well against the US$ bt keep in mind that price pressure down here from higher fuel prices will probably eat up most of your advantages down here. Still, come on down and spend your money this year and we'll just bring it back to you next year! ![[BB]](./images/smilies/beers.gif "Beers")
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| Author: | westmanguy [ Fri Jul 06, 2007 4:48 pm ] |
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Yeah its sure pumping the northern states' economies. Another thing is books... Go to a book store still have 2 different prices for Canadians and Americans. Things (by now) should be the same retail costs (+ our higher taxes) as the USA, |
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| Author: | Mr_Canada old [ Fri Jul 06, 2007 4:53 pm ] |
| Post subject: | |
95 cents. Holy shit. Told you America, our dollar isn't worth 60 cents anymore, 
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| Author: | BartSimpson [ Fri Jul 06, 2007 5:09 pm ] |
| Post subject: | |
Mr_Canada Mr_Canada: 95 cents. Holy shit.
Told you America, our dollar isn't worth 60 cents anymore, Yeah, but those were good times when it was! It was frickin' awesome on my first trip with the wife to BC - I'd drop a US$100 bill to pay for dinner and walk out with over CDN$100 in cash - it made me feel like a thief but it was so stinkin' cool!!!
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| Author: | Sonic_Monkey [ Fri Jul 06, 2007 5:14 pm ] |
| Post subject: | |
Soooo... where does that put the Canadian Tire dollar then? Any chance I can empty my glove compartment down south? |
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| Author: | Mr_Canada old [ Fri Jul 06, 2007 5:15 pm ] |
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BartSimpson BartSimpson: Mr_Canada Mr_Canada: 95 cents. Holy shit. Told you America, our dollar isn't worth 60 cents anymore, Yeah, but those were good times when it was! It was frickin' awesome on my first trip with the wife to BC - I'd drop a US$100 bill to pay for dinner and walk out with over CDN$100 in cash - it made me feel like a thief but it was so stinkin' cool!!! It was great for our travel income from the states. That's the only problem of out high dollar, travel will fall. Other thenthat, WOOOOO. HIGH BUCK. |
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| Author: | Mr_Canada old [ Fri Jul 06, 2007 5:18 pm ] |
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Sonic_Monkey Sonic_Monkey: Soooo... where does that put the Canadian Tire dollar then? Any chance I can empty my glove compartment down south? The CTD is still par with the Canadian dollar, according to recent updates. 
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