[neopundit]

BartSimpson BartSimpson:

At this rate the CDN$ will pass the Euro by November 1 and the Pound by January 1.

I know you were being sarcastic, but I'm reading a lot about the out of control loonie lately. I'd guess 80% of the rise in the US/CDN exchange rate is due to the floundering US dollar rather than the amazing loonie. One must only look at other exchange rates to see this.

I think we gained 10-15 cents on the Euro since 2005. 40 cents on the US dollar?

[Brenda]

Nahh, it has been CA$ 1.66 to 1 Euro... Now it is CA$ 1.40

[Arctic_Menace]

http://www.reportonbusiness.com/v5/cont ... slideshow/

[neopundit]

Arctic_Menace Arctic_Menace:

http://www.reportonbusiness.com/v5/content/ROB/dollar/070919_slideshow/

Yep. Exporters lose, importers and consumers win (as long as product prices come into line. Until then, buy American).

[BartSimpson]

neopundit neopundit:

BartSimpson BartSimpson:

At this rate the CDN$ will pass the Euro by November 1 and the Pound by January 1.

I know you were being sarcastic, but I'm reading a lot about the out of control loonie lately. I'd guess 80% of the rise in the US/CDN exchange rate is due to the floundering US dollar rather than the amazing loonie. One must only look at other exchange rates to see this.

I think we gained 10-15 cents on the Euro since 2005. 40 cents on the US dollar?

The loonie isn't out of control at all. The global monetary market is merely recognizing the emerging and potential economic superpower that is Canada.

And don't think the Russians haven't seen this coming - the emergence of Canada as an economic powerhouse is precisely why they're looking to bully you in your own northern reaches. They want the resources that they know from their own experience lie undiscovered and untapped in your arctic regions.

Or, at the least, they want to prevent you from accessing them.

[kevlarman]

BartSimpson BartSimpson:

Tricks Tricks:

Hehe, the Euro is where the USD used to be. So shall we say 10 years to pass that? Then 20 to pass the Pound Sterling?

At this rate the CDN$ will pass the Euro by November 1 and the Pound by January 1.

No, then that will price us out of range for our "other" customers. No. Leave it fluctuate between .95 and 1.15 USD.

That way we're still price competitive.

The same thing will happen to the Russian economy soon.

[Scape]

Merge the topics please.

[RUEZ]

Scape Scape:

Merge the topics please.

Ya no doubt.

[Canadaka]

lol shit, I should have exchange my dman money 2 days ago.

I wish it was like this 2 months ago when i was traveling through the US.

[RUEZ]

I'll tell you one thing. If Canadian retailers don't start stepping up I will be planning a road trip to the U.S. before the end of the year. I was planning on getting a new plasma tv.

[ShepherdsDog]

BartSimpson BartSimpson:

Tricks Tricks:

Hehe, the Euro is where the USD used to be. So shall we say 10 years to pass that? Then 20 to pass the Pound Sterling?

At this rate the CDN$ will pass the Euro by November 1 and the Pound by January 1.

Nah, everyone else seems to be giving the greenback a shit kicking too, not just Canada. To put in perspective for some expats. A friend who came to Taiwan in 97 has seen the exchange rate go from 18 to 1 go to 33 to 1, which is a loss of 46%. He's getting close to retirement and that's a fairly big hit to his savings.