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BS: Low US dollar, high Canadian dollar...
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Subject: BS: Low US dollar, high Canadian dollar... From: Little Hawk Date: 25 Oct 07 - 05:38 PM Was just talking to a friend today. He wants to buy a new car, and says he's going to buy it in the USA and have it shipped up to Canada. Why? Well, since the unprecedented rise of value in the Canadian dollar against the US dollar, it makes sense to, because Canadian car dealers have not lowered their prices one iota...but our dollar is now worth more than the American dollar when it used to be worth 50% less not too long ago. Accordingly, a friend of my friend just bought a new vehicle for US $35,00 that would cost him Cdn $50,000 (which is now worth slightly OVER US $50,000 in value!). So he saved himself $15,000 on the price of the car and he only has to pay about $1,500 to $2,000 to get it shipped here. Overall savings: $13,000 !!! It's an incredible situation. If enough people catch on to what's happening the Canadian-based car dealers are going to either have to lower their prices or lose their shirts.....or maybe both. Most people think it's "good" having a stronger Canadian dollar...they have not yet realized the fallout that occurs from that situation and how it will affect Canadian businesses. We were far better off when the American dollar was stronger in comparison to ours. The bookstores are also still charging Canadians way more for books than the labelled American price...although our dollar is now worth more than an American dollar! Here's a new book in front of me. It has 2 prices on the sleeve: US $ price - $21.95 Cdn $ price - $29.95 And the Canadian dollar is worth about 2 cents more now than the American dollar on the foreign exchange markets. It's just ridiculous. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Little Hawk Date: 25 Oct 07 - 05:51 PM correction to typo: he bought the new car for US $35,000. The same car in Canada costs Cdn $50,000...the approximate equivalent of US $51,000 at present. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Riginslinger Date: 25 Oct 07 - 06:00 PM If Canada had just joined in with the invasion of Iraq, their currency would be in the same shape ours is. It's simply not fair. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Little Hawk Date: 25 Oct 07 - 06:08 PM Ha! Yes, well, there are some things that we as a country are just are not stupid enough to do, I guess... ;-) |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Q (Frank Staplin) Date: 25 Oct 07 - 06:16 PM Use of volume dealers such as Amazon eliminate most of the inequalities with books. Local small book-dealers pay more for their stock and cannot compete. Most books are sold at almost the same price by Amazon.com (U. S.) and Amazon.ca (Can.), esp. considering that Amazon.ca doesn't charge the postage to Canadians. Some books, of course, have mostly a Canadian or US market, and may not be available from both. If the saving is small, stick with the local; otherwise he could be forced out of business. One can import excellent 'pre-owned' cars into Canada at a good saving- but remember that the US market is ten times larger, hence prices can be less. On a new car, look around and you may find a dealer in your own country selling at a reasonable price. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Rapparee Date: 25 Oct 07 - 06:48 PM Do you think that this is a direct correlation to the Missing Of "Shane" McBride? |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Little Hawk Date: 25 Oct 07 - 07:00 PM Hmmmm... Gosh. You think??? I can see where the departure of Shane from this country and his disappearance to some unknown location in outer space could have definitely contributed to a sharp rise in the value of our dollar. Wow. This means we have simply GOT to get Shane back! |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Little Hawk Date: 25 Oct 07 - 07:09 PM What could we offer the Greys in trade for Shane? What could we come up with that has a commensurate value? |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: bobad Date: 25 Oct 07 - 07:19 PM There has been some discussion on radio programs about the issue of Canadians buying cars in the US where I live, which is very close to the US border. US auto dealers have said in interviews that they are forbidden to sell autos to Canadians under threat of losing their franchises. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Little Hawk Date: 25 Oct 07 - 07:23 PM Really? Interesting. How can a Canadian be prevented from buying a car (or anything else he wants) in the USA? It's always been possible to do that as far as I know. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: bobad Date: 25 Oct 07 - 07:31 PM The Canadian can't be prevented from buying but the American can be prevented from selling if he is a franchisee and is bound by the franchise agreement. In this particular case the parent company forbids the franchise owner from selling cars for export. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: JohnInKansas Date: 25 Oct 07 - 08:52 PM Recent Congressional and campaign trail speeches have criticized the Chinese for artificially keeping their money at very low "value" (40% of real is claimed) with the intent to make their manufactured items "cheaper" for export sale. The devaluation of the US dollar - asside from the effect of the massive war spending - is simply to bring the dollar down to parity with the Chinese. Note above comments about the increased export potential for US automobiles even to Canada ... Our lopsided balance of trade will soon be resolved. [reminder to self - return tongue to central oral cavity] John |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Little Hawk Date: 25 Oct 07 - 08:53 PM I see. So one would have to buy the car privately, in that case, rather than through a franchise. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Rapparee Date: 25 Oct 07 - 08:57 PM "Are you now acting as a "straw man" in this automobile purchase?" But to answer your question, LH: a couple tons of night soil, a broken calculator, a defective condom...why, the list is almost endless! |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Little Hawk Date: 25 Oct 07 - 08:57 PM Yes, the Chinese Yuan may be undervalued, all right, and that would be very beneficial to the Chinese export business. I wish the Canadian government would find a way to undervalue its money. If China can do it, if the USA can do it, why can't Canada? We need to get Shane back ASAP, declare war on Russia, build a suspension bridge to the Moon, and do several other insane things like that in order to get our money back down to a low enough value to start making trade profitable again for this country! |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Little Hawk Date: 25 Oct 07 - 09:01 PM Thank you, Rapaire. ;-) |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: artbrooks Date: 25 Oct 07 - 09:02 PM Well, I can't offer a new car, but if any of you Canucks want to bring your cheap money down here when the first blizzard hits (scheduled for November 1st, right?), I can offer you warm weather and $3.50 a pint craft-brewed beer. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: number 6 Date: 25 Oct 07 - 09:05 PM For Canadians only ... wanna buy a cheap car in the U.S., here;s a way ... cutting through the red tape biLL |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: number 6 Date: 25 Oct 07 - 09:24 PM I'm glad your taking the U.S. $ demise in a positive manner Guest. But here's some advice ... just try now to accomadate and accept $spending$ loud mouthed tourists from Canada and elsewhere in a more tolerant manner. It's for your own much needed economic benefit. biLL :) |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Rapparee Date: 25 Oct 07 - 09:28 PM Hey, Canuck! You wanna buy my mother? She's virgin. No? How about one of these gen-u-wine Rollix watches? Lottery tickets? |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Q (Frank Staplin) Date: 25 Oct 07 - 09:52 PM Thanks for the article, number 6. A friend in Customs says a fair number of cars are coming across (Alberta), a lot with leasing company origin. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: gnu Date: 26 Oct 07 - 06:08 AM In Moncton? I had not seen that article. My truck is 11 years old. Hmmmmmm.... Thanks, sIx. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Little Hawk Date: 26 Oct 07 - 11:36 AM Man, I am driving a '92 Subaru here...15 years old! But it's still a very good car, no need to replace it. The '94 Mazda van, on the other hand....I think it will last 2 more years and then it will probably have had its day. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: gnu Date: 26 Oct 07 - 01:49 PM Well, LH... I have a Fourd. No typo... it is indeed a Fourd. Every time I take into the service garage, it costs me fourd hundred bucks. As long as I don't tell them to fix the expensive stuff. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Little Hawk Date: 26 Oct 07 - 01:53 PM A "Found-On-Road-Dead"? Yeah, I know those cars. I've never owned a Ford yet. Have had nothing but excellent Japanese cars and 2 Chrysler K cars...the 2nd one of those was pretty good. I hated to see it go, but it finally had the biscuit. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Little Hawk Date: 26 Oct 07 - 07:03 PM The Canadian dollar has now hit $1.04 American! It may yet go to $1.06, they say. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Rapparee Date: 26 Oct 07 - 09:10 PM Wow, that means the next time I Go North I can buy LESS!! Hot damn! |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: artbrooks Date: 26 Oct 07 - 10:49 PM Yeah, but there ain't nuthin' to buy, anyway. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Little Hawk Date: 26 Oct 07 - 11:53 PM Boy, you Yanks are a sad lot. ;-) Completely out of touch with reality. It's pitiable. I'll have to see if we can send some care packages of Red Rose Tea and Resdan down there to lift you out of your wretched conditions of spiritual and material poverty. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: gnu Date: 27 Oct 07 - 12:28 PM Red Rose you say? Only in Canada? Pity... me arse. Only in Canada because it's wretched. Now, King Cole Orange Pekoe blended in Sussex, New Brunswick... that is good tea. Found On Road Dead. Fix Or Repair Daily. First Owner Refused Delivery. Foolish Owner Really Dumb. And more... hey, next time, I am getting the heated rear bumper option.... warmer on the hands in Canuck winters. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Little Hawk Date: 27 Oct 07 - 12:38 PM SHHH!!! Don't tell them! I figure I can sell the fools Red Rose Tea at 3 times what it's worth...no wait...that would be almost nothing... What I mean is, I can sell it to them at 3 times Canadian retail price. Just keep quiet, gnu. There are Yankee sheep out there to fleece, the kind of dimwits who believed Iraq HAD all those WMDs in 2003, and I'm gonna fleece 'em, by golly. ;-) I will bring back their feeble greenbacks and trade them in for some real money... |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: number 6 Date: 27 Oct 07 - 02:38 PM "Only in Canada? Pity... me arse" No kidding. Red Rose Tea has been available in the U.S. for many years now. In fact it's part of the Unilever conglomerate. But then again L.H. your scheme could be worth a try, surely some yanks will fall for it :). Red Rose Tea was in fact a Canadian firm. Founded (around the late 1800's) in Saint John N.B. In case anyone is interested .. the Tea Merchant's Door biLL |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: gnu Date: 27 Oct 07 - 02:53 PM Well, I go by their ad's on the CBC. So, sIx, even the poorest of the best tea comes from New Brunswick? Not a pity. LH... dimwits? The Yanks? Oh my. Careful bud, Not only are they NOT dimwits, but, they still have control of those WMD's which were spirited out of "harms way" for use another day.... don't piss them off, eh? |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: number 6 Date: 27 Oct 07 - 03:07 PM King Cole Tea out of little 'ol Sussex ... your correct on that gnu, it's not bad at all, certainly not a pity at all. biLL |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: gnu Date: 27 Oct 07 - 03:47 PM Hey, man... there's a lot more out of Sussex... like REAL peanut butter eh? |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: number 6 Date: 27 Oct 07 - 04:39 PM And more still from Sussex ... like great donuts |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Ebbie Date: 27 Oct 07 - 05:14 PM In Oregon when my daughter was little, I bought our peanut butter in the nut form and ran it through the machine right at the store. (Surely that is *real* peanut butter?) Do they still have that kind of option? I haven't bought peanut butter in ages. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: number 6 Date: 27 Oct 07 - 05:46 PM Well .... I haven't seen in a store Ebbie since we left Toronto (at the Big Carrot) ... but there is a Canadian Brand of superb natural peanut butter The hounds and I love this served up on Mutzah. biLL |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: gnu Date: 27 Oct 07 - 08:28 PM Mrs. Dunster's whole wheat doughnuts! I remember when they were as big as your fist and tasted like home made. I lived in Fredericton for seven years and not a week went by without at least one... when you could buy one at the corner store. And, for years, that was breakfast in the woods of Kent County in the fall when hunting. Then, a big company took them over and moved them to Sussex. They made them smaller and charged more. Hey, they are still good, but not crusty and oh so, so, Dunster! Plus, they have about seven different kinds... why? What the hell was wrong with Mrs. Dunster's Doughnuts? Why do they have to make MORE money? Oh... woe is me! |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Little Hawk Date: 27 Oct 07 - 09:06 PM Yeah, but wasn't your fist smaller then, gnu? Still, who could resist doughnuts from Mrs. Dunster? Well, I know that Red Rose Tea has been sold in the USA for a dog's age too...but I still think I can fool them yahoos that voted for George Bush. I'll tell them, "Hey, man...this is the real Red Rose Tea that's only available in Canada. It isn't that awful imitation Red Rose that you get in the USA! That stuff is all made in Mexico and shipped up to you poor suckers and sold for way more than it's worth. Don't settle for 2nd best! Buy the original Canadian blend. Only 50 cents a bag." I'll have them lined up around the block. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: artbrooks Date: 27 Oct 07 - 09:50 PM Yeah, but you can tell from the cute ceramic pandas that it really comes from China! |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Rapparee Date: 27 Oct 07 - 10:03 PM Red Rose is tea??? I thought it was bagged dust, the sweepings, sold to Canucks because they were too poor and ignorant to know better. You may have gathered that I don't care for Red Rose tea. I remember up in the Yukon we had some damn fine tea. Don't know the brand, or if I did know I don't remember. Sitting there in the shelter of the sled with the fire burning down to coals, the huskies 'round in a ring and the aurora dancing blue and green and red overhead, sipping hot tea and the mountains and forest so silent with snow and cold, the fur around my parka hood icicled by my breath...and then, after a tot of rum snuggling into the furs of my sleeping bag...ah, those were the days! I would have given a lot to have been there. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Little Hawk Date: 27 Oct 07 - 10:21 PM If you like, I could have you sent there. Well, quite near there, anyway. Apply to the Northern Works Dept., Moosejaw, Saskatchewan. We'll see if we can place you with that farmer in Mayo. He lost his chickenhouse cleaner awhile back. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Rapparee Date: 27 Oct 07 - 10:30 PM No, it's too late for me. You go, you're young, you can shoot a moose and live alone all winter in an 8 x 12 foot cabin, melting snow for water with which to make Red Rose pseudo-tea. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Rapparee Date: 27 Oct 07 - 11:22 PM Besides, I deal with enough chickenshit every day at work. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Little Hawk Date: 28 Oct 07 - 10:00 AM It's too late for me too, man. I've given up on roughing it in the bush. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: GUEST,Ed Date: 28 Oct 07 - 10:06 AM A French friend of mine from Quebec tells me "Sussex" has a different meaning in French;) |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: GUEST,Ed Date: 28 Oct 07 - 10:11 AM If Canadians wish to import a Car into Canada, it pays to keep an eye on where it was manufactured. Tax savings from Free trade only applies to vehicles made in USA and Mexico. So, if the car is made in Japan, you can face a 6-7% tax at the border. How can you findout? Check the site below: http://www.sjbaker.org/telamom/vin.html |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: gnu Date: 28 Oct 07 - 10:12 AM Kess kill dee? (Phonetic spelling for some of our American brothers). |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Rapparee Date: 28 Oct 07 - 10:58 AM Hey, in the good ol' US of A there ain't no "U" in "humor." Or "neighbor" either. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: artbrooks Date: 28 Oct 07 - 11:00 AM Kess kuh say? |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Rapparee Date: 28 Oct 07 - 11:05 AM Jenny say pah. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: bobad Date: 28 Oct 07 - 06:35 PM "A $2 billion class-action lawsuit has been launched by four Toronto residents in Ontario, alleging collusion between the Canadian and U.S. offices of some automakers to inflate the car prices in Canada while inhibiting cross-border shopping." http://www.thestar.com/News/article/271100 |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Little Hawk Date: 28 Oct 07 - 07:25 PM Collusion between cross-border auto makers and auto dealers????????? My God, that is shocking! (big grin) When have capitalists EVER engaged in collusion to fleece the public? |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: The Fooles Troupe Date: 29 Oct 07 - 11:30 AM "If Canada had just joined in with the invasion of Iraq, their currency would be in the same shape ours is. It's simply not fair." You're right - Aus did join in, and our AUD$/US$ rate has risen from 40 c to 91c plus... |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: GUEST,CrazyEddie Date: 29 Oct 07 - 11:43 AM [i]Hey, in the good ol' US of A there ain't no "U" in "humor." Or "neighbor" either.[/i] Now, I'll grant there is no "u" in "neighbor", but you might want to re-check the other word. That letter between the "h" & the "m" looks familiar somehow. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Rapparee Date: 29 Oct 07 - 11:46 AM Ah don't give a flyin' furry freak brother HOW you spell it. Ah'm a-spellin' it like we do here in the Good Ol' U S of A! |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Little Hawk Date: 29 Oct 07 - 12:48 PM "humour" "neighbour" "colour" "grey" "cheque" "centre" Drives you nuts, doesn't it? ;-) |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Rapparee Date: 29 Oct 07 - 12:55 PM Jist shows that when the US of A anneckses Canada we gotta teach y'all how ta spell gud. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: artbrooks Date: 29 Oct 07 - 04:30 PM Rap!! Heaven forfend! I don't think I could handle LH as a Yank! |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Little Hawk Date: 29 Oct 07 - 04:32 PM I don't think I could either... ;-) |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: gnu Date: 29 Oct 07 - 06:31 PM You forgot "metre". Oh yeah, they don't know what a metre is. Nevermind. They'll catch up some day. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Little Hawk Date: 29 Oct 07 - 07:17 PM Damn! The Canadian dollar is still going up. It's nearing $105 American now. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: number 6 Date: 29 Oct 07 - 07:30 PM I remember when it worth around $1.14 U.S. biLL |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Little Hawk Date: 29 Oct 07 - 07:32 PM Don't say that! I have an export business here, and it all goes to the USA. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: number 6 Date: 29 Oct 07 - 07:40 PM It's not the end of the world L.H. .... move your operation down to Maine .... you can still find property cheap down in Maine ... then you can import the your stuff to Canada. biLL |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Little Hawk Date: 29 Oct 07 - 08:09 PM No, not in this case. Anyway, I am staying in Canada, brother. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: number 6 Date: 29 Oct 07 - 10:47 PM "I remember when it worth around $1.14 U.S." What was I saying ?!?! .... I don't remember that, cause it never did happen. I'm thinking of the Swiss Franc back in the 1990's or something. Sorry to cause you some trauma there L.H. Hell, stay in Canada since our buck will devalue to less than the Yankee green back yet again. biLL |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Rapparee Date: 30 Oct 07 - 08:43 AM No, no, Canada is going to take its rightful place in the world's money markets. You mark my words! Every major currency -- yen, pound, euro, oz dollar, rupee, etc. -- will tie itself the Canadian dollar. Except for the USD. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Little Hawk Date: 30 Oct 07 - 09:17 AM The US dollar has tied itself to a very large heavy rock. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: GUEST,Number 6 Date: 30 Oct 07 - 09:40 AM You may be correct Rapaire ... but I feel the Canadian looney is tethered to the US Dollar which as LH mentioned is in itself tied to a very heavy rock. Soon or later the slack on that tether will tighten, and we will be pulled down too. biLL |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: GUEST,dianavan Date: 30 Oct 07 - 12:57 PM The fluctuation of the dollar doesn't help anyone, economically. Who wants to invest in either the U.S., Canada or Mexico when the dollar is so unstable? Seems to me we should take an example from Europe and go for a North American currency. We should also help build the Mexican economy. We should also consider opening the borders to encourage trade and commerce. That way we could all prosper. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: artbrooks Date: 30 Oct 07 - 05:20 PM The interesting thing about this discussion is that we USians, unless we are/were planning a vacation in Europe or Canada, are generally not affected by the "global fluctuation of the US dollar". I haven't seen any significant increase in the cost of anything imported that I buy (English beer, mostly) and the price of many things, such as gas (petrol), continues to fall relative to prices a year ago. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Little Hawk Date: 30 Oct 07 - 05:32 PM That's true. Within your own USA borders you would not notice much change, if any. It's if you're living somewhere else besides the USA and getting paid in US dollars that you notice the change! |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: artbrooks Date: 30 Oct 07 - 05:35 PM Well, there are a couple of houses for sale in my neighborhood...low temperature in January is about -7C and high in August is 35. Generally no snow to speak of (but not a lot of rain either). |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Little Hawk Date: 30 Oct 07 - 06:11 PM Where's that? Say, there's more news about this on my Yahoo page tonight. Apparently Canadian postal parcel sorting outfits are glutted with a huge backlog of parcels, due to cross-border Internet shopping by Canadians taking advantage of the weak US dollar. Parcels are getting delayed by up to several weeks now, because the mail sorting centres can't deal with the volume. It will only get worse as Christmas draws near. Furthermore, some Canadian booksellers are now grudgingly selling their books at the US dollar price instead of the inflated Canadian one. (our books normally have both a US $ price and a Canadian $ price printed on the cover...and the Canadian one is about 40% higher than it should be at the present currency rates!) They figure that it's better than simply losing their customers altogether to Internet buying from the USA. The reason the bookstores are particularly vulnerable is that they display the 2 separate prices side-by-side on the books, and the shopper can immediately see that he's being ripped off if he pays the Cdn $ price. This is not so obvious with most other items. The Canadian dollar is now worth about $1.05 American. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: number 6 Date: 30 Oct 07 - 09:32 PM As of today ..... Gold is worth $778.60 U.S. Pork Bellies $83.05 U.S. Platinum is worth $1,440.90 U.S. corn is worth $370.25 U.S. As of tomorrow ... well who knows As of tonite, I'm still living biLL |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Little Hawk Date: 02 Nov 07 - 10:17 AM Oy!!! The Canadian dollar has now reached $1.07 US in value. Damn. That means, Americans, that your dollar is now worth about 93 cents in Canada. As for gold, it has been rising in value pretty steadily for 5 years now, and is nearing US $800 per ounce... |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: GUEST,pattyClink Date: 02 Nov 07 - 11:02 AM Art, we don't see the effect if we don't travel, but it still affects us. Everybody busily squirreling away savings that are "earning" 5%-10%, is actually losing money, and it will have huge impact on us and our well-being before all is said and done. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: artbrooks Date: 02 Nov 07 - 11:15 AM Patty Clink, if you earn 5%, and inflation is 3%, than you are ahead, as long as you don't have major expenditures from areas where the US dollar has depreciated. My pension is linked to the CPI, and I have more money left at the end of the month now than I had a year ago. Before all is said and done is entirely true, since we have had to postpone our European trip. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Little Hawk Date: 02 Nov 07 - 11:59 AM Art, the US dollar has depreciated everywhere...even in the USA, although it's much less apparent there. It becomes apparent, though, if you want to buy gold, for instance. I am taking no satisfaction from the falling US dollar. It's doing major damage to my export business. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: GUEST,Number 6 Date: 02 Nov 07 - 02:06 PM Well L.H. .... since you won't relocate your export business, maybe you should diversify.Your a business man, ya gotta do something to stay in the game when the going gets rough. But don't put all your money into pork bellies. They are not looking to good on today's market ... $83.00. But May corn is looking damned good ... today at $404.75. All quotes are in U.S. $dollars$ !! biLL |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: GUEST,pattyClink Date: 02 Nov 07 - 02:10 PM Art, I'm glad you have some inflation protection in your income, I don't. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: bobad Date: 02 Nov 07 - 02:17 PM At the rate the dollar is declining it won't be long before USians will be wheeling wheelbarrow loads of greenbacks down to the local fast food joint for a bucket o'cola and a humungousburger. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: artbrooks Date: 02 Nov 07 - 02:21 PM LH, I have never had a great deal of use for the idea that the "value" of gold was the only real constant, and every currency was (officially or unofficially) related to it. What the precipitous increase in the price of gold (in $US) indicates to me is that there are a lot of $US floating around in countries where gold is the only real measure of wealth (such as most, if not all, of the petro-nations) and we have nothing much that they want to buy with that money. IMHO, the latter is the major issue. The US is, for the most part, no longer a competitive hard-goods producing nation, and other countries are rapidly matching, if not overtaking, us in the services industries. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: GUEST,Number 6 Date: 02 Nov 07 - 02:49 PM Art .... the health of your cpi pension is probably directly related to investments in coporations who took the advantage of these 'other hard working' countries and in those other petro countries' exploits. biLL |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: artbrooks Date: 02 Nov 07 - 03:40 PM #6...sorry, but if that were the case I'd be making a lot more than 2.6% per year. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Little Hawk Date: 02 Nov 07 - 04:17 PM Gold is real, Art. Paper money is a fictional construct based on a promise made by people known for breaking their promises. That is why people value gold as they do. The same goes for silver, platinum, oil, water, and other things that are real. They will always have a value in people's minds because they are real. Period. I have noticed that you're trying to make a point of some kind in your series of comments on this thread, artbrooks, but I'm darned if I can figure out what it is... ;-) I can't fathom what it is that you are (seemingly) attempting to defend, and I can't figure out what makes you think I am attacking it either. The main point here that concerns me, just from my own private point of view, is the changing exchange rate on US dollars as regards Cdn dollars. US dollars are losing their value rapidly against other major currencies. That is causing my income to decline dramatically. That goes for pretty well everyone else in Canada who is in the manufacturing business and produces real goods...because the biggest market for those real goods for Canadians is the USA. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: gnu Date: 02 Nov 07 - 05:28 PM Gold, whatever, is just as fictional, LH. Ya can't eat it. Bugs Bunny wants his turned into carrots, right? |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Rapparee Date: 02 Nov 07 - 05:40 PM Actually, all money is ultimately based upon production. Gold, platinum, and the rest are only valuable because humanity made them so, and they were made so because of the time needed to find and extract them. DeBeers understands this and so controls the diamond market -- if "unregulated" diamonds hit the market the bottom could fall out of it. Gold is actually pretty common; its value only comes from the fact that humans value it and think it scarce. (Noted; I am quite aware that the return on the gold, etc. extracted must exceed the costs of extraction. Gold IS common; it's just not economically feasible to extract it. Nor does my statement above include the value of gold, etc. for use in science or manufacturing.) |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Little Hawk Date: 02 Nov 07 - 05:49 PM Gold isn't fictional at al, gnu. It's real, tactile, beautiful stuff. It can be very easily shaped into beautiful objects and it never tarnishes. It can be used in many valuable industrial processes as well. It is 100% real. Paper money is a completely unreal representation of an idea that resides in people's minds. Who cares if you can't eat gold? So? You can't (or had best not) eat rubber, tin, steel, plastic, bone, ivory, jade, marble, maganese, lead, and a host of other eminently useful things either...but they are all very real...and they're all valuable in various ways. The thing that really makes gold special, and always has, is its appearance, its workability, and the fact that it will never tarnish or deteriorate in a world where virtually everything else does. That's special. We do not live by bread alone. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: gnu Date: 02 Nov 07 - 06:05 PM Right... but, in this day and age, none so "valuable" as cold, hard, cash. A buck is a buck. Gold is, well, is it how many carat gold? Why sure, stranger, you can use my tellyOphone. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Little Hawk Date: 02 Nov 07 - 06:21 PM Yes, a symbolic thing is always useful in any society where people in general agree to believe in the symbol, no question about that. Remember that Uncle Scrooge story with the handful of bottle caps that became the most valuable thing in the isolated mountain valley, simply because they were very rare in that society? |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: artbrooks Date: 02 Nov 07 - 07:11 PM LH, my point, to the extent that I have one, is that relative changes in currency values have limited effect unless one is engaged in international trade. Aside from that, I'm jerking your chain. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Little Hawk Date: 02 Nov 07 - 07:15 PM Heh! ;-) Well, I should have known, eh? |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: GUEST,slick Date: 02 Nov 07 - 09:01 PM Whats this about corn soy bean @ 10 bushel that what we grow in the south as well as corn and cotton. When every body plants corn its time to plant beans. And all that bragging bout the high Canadian dollar enjoy it while it last and it won't last long we have the stongest economy in the world if we don't have it we take it, look where we get all our lumber from from and as soon as we deforest yall we will take care of what's left of south and central America. By the way what do yall produce besides high grade maijuana? I think yalls economy is directlly linked to ours. So dont brag so much so early. Thats all I got to say bout that!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Little Hawk Date: 02 Nov 07 - 09:04 PM Ha! You can't be serious... Who is bragging about it? It's a friggin' disaster for Canadian business. We NEED a dollar that is weaker than yours, you idiot. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Little Hawk Date: 02 Nov 07 - 09:07 PM By the way, you don't have the strongest economy in the world. Not even close. China has the strongest economy in the world, and they will probably end up by gobbling up both you AND us Canadians, economically speaking. Chew on that one, moron. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Little Hawk Date: 02 Nov 07 - 09:35 PM I'll explain it in terms even a complete dumbass can understand, for "slick"'s benefit. 1. There are about 10 times as many people in the USA as in Canada. The USA is the biggest market for Canadian industry. That means that Canadian manufacturing businesses really need those American customers in order to prosper. 2. If the Canadian dollar is strong, then Canadian businesses start losing their American customers, because the Canadian goods become more expensive. That causes Canadian businesses to fail, and to lay off Canadian workers. 3. If the US dollar is weak, Canadian consumers start shopping for American goods instead of locally made Canadian goods, because American goods are now cheaper. That again hurts Canadian businesses. 4. If it's more expensive for Americans to shop in Canada, because of their weakened dollar, then they won't come to Canada, and our tourist-based industries will suffer. That again hurts Canadian business. Do you now understand why a stronger Canadian dollar is not so good for Canada??????????? Now go listen to Puff Daddy and chillax for awhile. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Little Hawk Date: 02 Nov 07 - 09:35 PM And that makes 100! Yowsa. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: artbrooks Date: 03 Nov 07 - 01:15 AM Ya named ya dollar after a duck...whaddaya 'spect? |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Little Hawk Date: 03 Nov 07 - 09:39 AM Well, that wasn't until Brian Mulroney's overly extended stay on Sussex Drive (the prime minister's residence) back in the 1980's. It was under Brian Mulroney's reign that the "Loonie" (Canadian one dollar coin) came into existence. Prior to that we had paper dollars...and there were a few silver dollars minted now and then...but they were not called "Loonies". The Loonie is called the Loonie because it has the image of a loon on its front side, and the Queen, of course, on the back side as usual. A loon is not precisely a duck, but it is a water bird. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Rapparee Date: 03 Nov 07 - 09:44 AM You show the Queen's backside on the loonie? I've never noticed that. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: bobad Date: 03 Nov 07 - 10:52 AM You could also see the devil in the Queen's hair on the old bills. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: gnu Date: 03 Nov 07 - 12:44 PM I have to strain to even come close, Bobad. However, surely you have seen the dollar bill folded to show the Queen's ass? |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: gnu Date: 03 Nov 07 - 12:45 PM Oh yeah. Remember the two dollar bill with the robins on the back... small game huntin license in Kent County... federal migratory game bird permit, eh? |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Little Hawk Date: 03 Nov 07 - 07:09 PM Here's some of the latest news: "The loonie, already soaring on high commodity prices, hit new records Friday, surging more than 1.9 cents to end the day at 107.04 cents US, its highest close on record. Earlier, the loonie traded as high as 107.3 cents US before cooling slightly as a new report showed U.S. employment also was healthy in October, gaining 166,000 jobs. "That's a big move," said Bank of Montreal deputy chief economist Douglas Porter. "I think a reasonable near-term target now is $1.10, but there's no sign it's going to stop there." The loonie has risen 22 cents this year alone against the U.S. greenback, making it the world's best-performing major currency. But it has also appreciated against the euro, Japanese yen, Brazilian real and other currencies, making goods imported from Europe, Japan and Brazil cheaper for Canadian consumers. The rising level has benefited consumers booking U.S. vacations to the sunny south and cross-border shoppers flocking to U.S. border cities looking for bargains on everything from auto parts to CDs, shoes and clothes. It has also forced some Canadian retailers to lower their prices in response and helped more and more companies afford U.S.-built technology and machinery to boost productivity. Opinions were mixed if the dollar has risen too fast, too high. Paul Gardner of Avenue Investment Management in Toronto said at best the economic fundamentals justified a loonie at par with the greenback, adding that much of the quick appreciation was based on speculation and an exaggerated view of the Canadian economy's strength. " |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Little Hawk Date: 03 Nov 07 - 07:39 PM More news about the Loonie: The loonie hit another record high in currency trading Friday, but it's not the first time in history that the once-battered Canadian currency traded well above the formerly almighty American dollar. In the 1950s and early '60s, the currency traded in the 102 cent to 106 cent US range before a recession dragged it down and forced John Diefenbaker's Conservative government to peg the loonie in May 1962 at 92.5 cents US, plus or minus one per cent. The so-called Diefenbuck didn't last a full decade, with the Canadian currency beginning again to float freely according to market forces starting in May 1970. Within less than four years, Canada's dollar had risen to as high as $104.43 cents US on April 25, 1974. It continued to be worth more than the U.S. currency until shortly after Rene Levesque led the separatist Parti Quebecois to a landslide victory on Nov. 15, 1976, raising national unity questions in the minds of foreign money traders. Since then, the loonie has spent most of the past three decades below par, falling to as low as 61.79 cents US in January 2002 and, as of Friday, as high as 107.30 cents US - although there's little reason to think the currency is done setting new records. Some banks predict it could rise to US$1.10 or even higher if oil prices continue to soar and Canada's economy shows further strong jobs growth as it rides the boom in demand for commodities such as wheat, corn, coal, nickel, zinc and other metals. Although the value of our currency is affected by a lot of different factors - including national interest-rate policies, the domestic and international political situation and the state of government finances - there's one that stands out from the rest. "If you only had one variable to explain the dollar and you picked commodity prices, you would go a long way," says Don Drummond, chief economist at TD Bank. In fact, Drummond can list at least three other important variables to consider: -Inflation, or more precisely, a persistent difference between Canadian and American inflation rates; -The difference between Canadian and U.S. interest rates; -And the difference between Canadian and U.S. productivity rates. Drummond acknowledges these are important influences but says Canada's dollar certainly rises and falls in lock-step with prices for the kinds of commodities it produces. "And so, if I showed you a chart of commodity prices and the Canadian dollar, you probably wouldn't be able to tell which was which. They track very closely," he says. "Looking forward, if someone asked me where's the dollar going to go, I would say 'first tell me where you think oil prices are going to go and I'll tell you what the dollar is going to do.' " The last historical period when Canada's dollar was on par with the American buck was the mid-1970s - about the time the Parti Quebecois came to power for the first time and created international uncertainty about Canada's political and financial stability. It was also a period of higher interest rates and higher inflation than we've experienced in recent years and a time when oil and gasoline prices were being pushed higher under political pressure from the Organization of Petroleum Exporting Countries. "The price of oil, of course, went through two shocks in the 1970s and that probably helped raise the dollar to some degree," Drummond says. "If we look at the end of the 1990s and the beginning of 2000, of course oil prices went very low - almost all commodity prices dipped down - and that was in good part what dragged down the Canadian dollar." In fact, when the loonie sank to its lowest levels ever in the global economic downturn that followed the September 2001 terrorist attacks on the United States - there were loud calls for Canada to adopt the U.S. dollar as its currency or at least use a fixed currency exchange rate. That was countered, however, by voices both within official circles and the private sector who said a floating currency plays an important role as a shock-absorber when the economy undergoes major upheavals. David Watt, senior currency analyst at RBC Capital Markets, says the Diefenbaker government's decision to fix the dollar's value at 92.5 cents US was abandoned after commodity prices boomed again amid high inflation in the Vietnam War era. The inflation - which essentially reflects the eroded buying power of a currency - proved to be such a destabilizing force that central banks decided to wrestle it to a managable range by letting currencies and interest rates float. Watt says the combination of an inflationary target and a flexible currency "has been a very successful monetary arrangement" - although, he notes, the policy is only about 15 years old. "And it hasn't really been tested in a true inflationary environment because we had globalization, which sort of kept inflation under control," Watt says. "Inflation will probably be higher in the next five years than it was over the past five or 10 years." TD's Drummond says that, based on the four main factors affecting currency values, the Canadian dollar shouldn't be above US$1 and nowhere near US$1.07. "To be unscienfically precise about it, the dollar right now should be trading at somewhere beetween 96 and 98 cents US," Drummond says. "In other words, high but not quite as high as it actually is. "And using the same factors, I can explain in 2002 a dollar that would get down to the 70-72-cent range. I can't explain 62." He says that's to be expected because, once momentum gets going in one direction or the other, there is a psychological and a speculative element as well. "Historically when the U.S. dollar has declined, we have tended to decline with them. And what has broken that pattern right now again comes back to commodity prices. That is the big distinction." |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: number 6 Date: 03 Nov 07 - 08:23 PM Interesting posts L.H. When the 1970's oil crisis happened, I was a Business Administration student at Ryerson. " "Historically when the U.S. dollar has declined, we have tended to decline with them. And what has broken that pattern right now again comes back to commodity prices. " My Economics professor at that time stated the exact same reason. biLL |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: GUEST,Arnie at work Date: 04 Nov 07 - 01:29 AM And just to depress you even more, the £ sterling is now worth over $2 - when I last went to the States I only got $1.40 for my £1. Shame your cars have the steering wheel on the wrong side otherwise it'd be worth shipping a new one over here. Loads of Brits are now doing their Christmas shopping in New York where the stuff costs half the price compared to UK high street prices. It's just too damn far to travel though - shame we can't tow these isles across the Atlantic and moor ourselves somewhere off New England! |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: gnu Date: 04 Nov 07 - 04:36 AM Well, well, well.... I just culled the Saturday newspaper for the grocery store ads and found a flyer from... LL Bean in Maine! Can you say, "Xmas is coming." Oh... I am in Moncton, New Brunswick. Go up to Maine, turn right. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Rapparee Date: 04 Nov 07 - 05:01 AM Yeah, I've been to Moncton. I think I was on my way elsewhere, or maybe that's the place we stayed overnight and I got food poisoning from the fiddleheads...or it might have been somewhere else. But I've been to Moncton -- really. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: gnu Date: 04 Nov 07 - 05:21 AM Yer supposed to cook fiddleheads first. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: bobad Date: 04 Nov 07 - 08:14 AM Wouldn't you get splinters from eating fiddle heads and what do you do with the rest of the fiddle? |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Little Hawk Date: 04 Nov 07 - 10:05 AM Eating bagpipes is hazardous too, but it least it stops the noise... |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Rapparee Date: 04 Nov 07 - 10:16 AM The use bagpipes to make haggis. I won't supply the digusting, awful, recipe. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: bobad Date: 04 Nov 07 - 11:14 AM Can't stomach it eh! |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Little Hawk Date: 04 Nov 07 - 11:28 AM Matter of fact, my friend Johnny Death (local DJ and record collector) eats haggis. It's true! And it hasn't killed him yet. But he has 2 good excuses. 1. He's Scottish 2. He's the one and only Johnny "Death". Say no more. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: artbrooks Date: 04 Nov 07 - 12:42 PM I have eaten haggis. I am still alive. I find it somewhat difficult to reconcile those two sentences. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: gnu Date: 04 Nov 07 - 02:06 PM Hhhhaaagggissss. Excuse me. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: gnu Date: 04 Nov 07 - 02:09 PM I have a lot of haggis type friends, but, for the love of all that is sacred, I don't know how they can choke it down. Whiskey, perhaps. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: artbrooks Date: 04 Nov 07 - 02:36 PM So, LH...please advise me on the honorable (or is that honourable up there?) thing to do. I want to order a CD and workbook from people in Quebec. The price on their website is $30US or $40Can. Should I send them a check for $40US or go with the posted price? |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Little Hawk Date: 04 Nov 07 - 03:29 PM Are you serious? Good lord. They need to update their website. It's a business transaction, isn't it? So send the silly buggers US $30 and you've got yourself a real bargain there. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Rapparee Date: 04 Nov 07 - 06:31 PM Hello. I found your name on the Internet and know that you are a trustworthy person. My nom des claviers is Rapaire and I am Executive Vice President of The Bank Of The United States. A man, an engineer who was looking for oil, opened an account in my bank, TBOTUS, but died and we have been unable to locate any relatives. There are fourteen million Canadian dollars (CDN $14,000,000.00) in this account and if it is not claimed it will either be siezed by George W. Bush and Dick Cheney or the government. I would like to see this money used for Good, and if you will help me in moving this money out of the United States I will give you 25% (twenty-five percentum) as a reward. I am making you this offer because I know that you are a good person and, like me, want to see this money used to feed starving children in Iowa. Thank you. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Rapparee Date: 04 Nov 07 - 06:46 PM PS: I can also provide you with genuine replica Rolex watches and Viagra from genuine US-certified pharmacies. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Little Hawk Date: 04 Nov 07 - 07:02 PM I see. Okay, that's all pretty tempting, but what can you do in the way of penis enlargements? |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Rapparee Date: 04 Nov 07 - 07:13 PM THAT I'll tell you how to do for free! No medicines, no patches, just tie a string around the end of the penis you want to enlarge. Tie the other end to a door knob. Walk backwards until your penis is the length you need to please the ladies or satisfy your own feels of inadequacy. Here's a tip: tie the string to knob of a door that swings away from you. Make sure the door is fully open and that you have only about a foot of slack string. Now have your lady friend slam the door shut. No, no, don't thank me. The look on your face when you see your brand new penis will be enough. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Little Hawk Date: 04 Nov 07 - 07:42 PM You are a truly good person, Mr Rapaire! I can see that, but before we do our deal you need to consider a bridge that I have for sale in Coldwater, Ontario, not far from here. It seems that the bridge was left to me by my Uncle when he passed away tragically after being attacked and dismembered by several beavers, animals which are quite common here and can sometimes act in an unpredictable fashion. My tragically late Uncle left me this bridge, much to my surprise, but I do not have the time to manage a bridge so I am selling it at a fraction of its real worth. That is not all. I know for a fact that my Uncle had concealed a fortune somewhere in the support structure of the bridge, as he did not trust the banks. There is at least 25 millions dollars ($25,000,000) in gold bullion and it is hidden within the steel supporting structures of the bridge. Only you and I know this secret, and I would not trust the information with any other person, but I know that you are sincere and God-fearing, therefore I can trust you. Alas, I do not have the wherewithal to dismantle the solid steel structures of the bridge. Therefore my desire is to be selling it to someone who does have the wherewithals, and I hope that you could be that person. All your references indicate to me that you are that person, and that you are wholly honest and will not cheat me. My plan is to sell you the bridge for the incredible tiny sum of $25,000 plus various carrying charges and documentation which can be handled by the municipality here at the time of sale. It is then my plan to provide you and you alone with the secret map that shows in which support beam the gold is hidden. You with your many wherewithalls will open up the chamber and recover the gold, whereupon we will cash it in and do a 50/50 split, thus each getting approximately 12 and one half millions of dollars ($12,500,000 EACH). I would only make this offer to someone I know I can trust in every regard and someone who is deserving and spotless in character, as I know you are from my investigations via the Internet. Reply quickly and with God's will we can together consummate this fortunate arrangement. God be with you! - Habib Suliman Jonesville IIIrd |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Rapparee Date: 04 Nov 07 - 08:15 PM This that in Canadian dollars or worthless Yankee dollars? |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Jim Lad Date: 05 Nov 07 - 03:22 AM "Historically when the U.S. dollar has declined, we have tended to decline with them. And what has broken that pattern right now again comes back to commodity prices. " Good point. The commodity being oil. Given that Oil is well on its way to $100 US per barrel and that it is such a huge commodity, the drop in the dollar acts as a counterbalance. Go back 12 months and look at the exchange rate. $1 Ca was about $0.80 US or thereabouts. That being the case, oil really stands at somewhere between $65 to $75. Just don't expect to see it drop at the pumps though. That's where the real gains are being made. It really is the perfect storm for oil producers. A substantial rise in the price of oil along with a significant drop in the US Dollar. Then charge more than double at the pumps. Do this for a couple of years and sock away the revenue. Now, steer the dollar back up to its true value, lower the price of oil and Voila! The oil companies make a healthy profit for a change. Can't say I grudge it! Just one question though. When two or three companies drain that much money out of the market place... How do you fill the void? |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: gnu Date: 05 Nov 07 - 06:28 AM Guess I'll go down to Alberta, there's oil there in the sands. Get me a job in the oil patch, and be a wealthy man. As long as noone tells George Bush, about all that Canuck oil. And he attacks Iran instead, and keeps the Middle East in turmoil. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Riginslinger Date: 05 Nov 07 - 07:42 AM And for those of us who have to use Yankee dollars, the most discouraging part is, all of the presidential candidates who really have a chance of winning, in both parties, say they intend on staying in Iraq. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Little Hawk Date: 05 Nov 07 - 10:24 AM Naturally. That's how the $ySStem works. The few politicians who would really change things and get out of Iraq are not the ones whom you will see chosen to lead their parties in the next election. The ones who get to be chosen are those who represent the $ySStem, not those who operate outside of it. And that is accomplished quite simply...through money and media coverage. The politician with the most funding and the most friendly media coverage is the politician who wins a convention and wins an election. It's like choreography. Well planned and executed. The rest is just a dog and pony show to make people think their democracy still is a democracy. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Rapparee Date: 05 Nov 07 - 12:29 PM The US never was a democracy. It's a republic. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Little Hawk Date: 05 Nov 07 - 12:32 PM Oh, piffle. You're playing with words. If it's not at least perceived as a democracy, why did the USA proudly boast of being "the arsenal of democracy" during the 2nd World War? |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Ebbie Date: 05 Nov 07 - 01:51 PM I have read this entire thread at one time or another but I don't remember that anyone has definitively answered me from way back up there: How is the Canadian dollar doing in international markets, such as against the euro, the pound, the yen? |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Ebbie Date: 05 Nov 07 - 01:55 PM I had to do my own barking: It appears that the Canadian dollar stands at 1.35 to a euro right now. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Ebbie Date: 05 Nov 07 - 01:58 PM (AGI) - Rome, Nov 5 - The euro has closed down below 1.45 dollars. After reaching 1.4528 dollars on Friday, it has closed today at 1.4467 dollars and 165.45 yen. The dollar has recovered, especially against the Japanese currency, after the release of the US figures which surprisingly highlighted an increase of the ISM index in October. The dollar is exchanged at 114.41 yen. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Rapparee Date: 05 Nov 07 - 02:05 PM Because FDR was a Democrat, and during the Depression the Democrat party began playing up the "democracy" idea because they felt that "republic" was too "Republican." Much like the Republican dinners before the last election putting a "Bush/Cheney" label over the labels on the Heinz ketchup bottles, actually. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Little Hawk Date: 05 Nov 07 - 02:24 PM Now look here, Rapaire...a "democracy" in general usage of the word today does not mean a society where every single adult human being (of whatever accepted qualifications) meets in council, and there discusses and votes on every proposal that is presented in government. It means a society which democratically elects representatives for the public by voting amongst a variety of candidates. A republic, in other words...or a parliamentary system of some kind. You, sir, are egaging in mere nitpicking blathertwaddle when you say that the USA is a "republic", not a "democracy", and if you persist in same we will have to send some large fellows down there with gentle instruments of persuasion to still the thunder in your impertinent goozle. ;-) Ebbie - Your question was answered back in one of those articles I quoted from, and I again quote from it: "The loonie has risen 22 cents this year alone against the U.S. greenback, making it the world's best-performing major currency. But it has also appreciated against the euro, Japanese yen, Brazilian real and other currencies, making goods imported from Europe, Japan and Brazil cheaper for Canadian consumers." |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Jim Lad Date: 05 Nov 07 - 02:40 PM The Canadian Dollar is up in the world market. It now sits at about Two Dollars for One pound Sterling. One Year ago that One Pound would have cost you anywhere between $2.25 to $2.35 and has been as much as $2.50. A couple of years ago it would have cost you about $1.65 for One Euro. (The Euro is the real story) The US Dollar is at its lowest though. So... A combination of both. US, down/Ca, up. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Q (Frank Staplin) Date: 05 Nov 07 - 03:55 PM Exchange rates Nov. 5, 2007: USD 1 GBP 2.07 CAD 1.07 Eur 1.44689 AUD* 0.919599 JPY 114.54 *Australian Mexican peso = 0.0931914 US Chinese yuan = 0.134138 US |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: artbrooks Date: 05 Nov 07 - 04:05 PM $1 US = $1 US. What else matters? |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Little Hawk Date: 05 Nov 07 - 04:14 PM Ha! Spoken like a true resident of the Okefenokee Swamp...a self-absorbed quagmire totally sufficient unto its own sense of imperial grandiosity. ;-) |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Rapparee Date: 05 Nov 07 - 04:30 PM Ah! But the US does not elect the chief executive! The President is elected by the Electoral College. It is not, and never has been, a one-person, one-vote where the Pres is concerned. (Whether this is good or not is irrelevant to the discussion. Personally I think that it should be decided by a combat between everyone crazy enough to want to the job -- a melee, and the survivor becomes President. And no champions or substitutes allowed!) |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: artbrooks Date: 05 Nov 07 - 04:43 PM No, no...the loser should become President. That would be consistent with our long tradition of electing losers. Swamp? As in water standing around doing nothing? I am a resident of the Great American Desert. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Little Hawk Date: 05 Nov 07 - 04:45 PM So? We Canadians, who live in a parliamentary democracy, don't directly elect our chief executive by popular vote either! I am referring to the Prime Minister. Canadians do not vote for their prime minister unless they happen to be living in the local riding that he is running in as a member of parliament. They vote for their local members of parliament, who usually belong to a political party. The political party that gets the most members elected nationwide then has it's leader appointed as prime minister. I think your politicians should either: 1. be chosen by lot 2. be chosen by a vote of the collective world population outside OF the USA. In either case, but specially in the latter, you would end up with far better and more responsible leadership, in my opinion. I mean FAR better! No doubt about it. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Little Hawk Date: 05 Nov 07 - 04:52 PM That last was a reply to Rapaire... |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Rapparee Date: 05 Nov 07 - 04:56 PM I think that there are several better ways to elect people to federal office in the US. We could use proportional voting, for example. But all of them would require a change to the Constitution and frankly that's a can of worms best left unopened. Actually, it wouldn't be a bad deal if they actually followed the Constitution.... |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Little Hawk Date: 05 Nov 07 - 05:04 PM True enough. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Bee Date: 06 Nov 07 - 12:51 PM I dunno. I kinda like LH's reform suggestions. Couldn't do much worse than y'all have been, votin'. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Donuel Date: 06 Nov 07 - 02:27 PM the $ is bottoming out in world markets today big time but our stock market is pretending it is not happening. Recession is now being discussed in the media as a little short term 1 year event. ha |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Jim Lad Date: 06 Nov 07 - 06:01 PM Wow! $1.09. The Canadian Dollar has shot up 2 cents in one day! |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: bobad Date: 06 Nov 07 - 06:12 PM When all the trees have been cut down, when all the animals have been hunted, when all the waters are polluted, when all the air is unsafe to breathe, only then will you discover you cannot eat money. Cree Prophecy |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Little Hawk Date: 06 Nov 07 - 06:17 PM No, but you can use the money to pay your hired guns to go and kill someone else and steal all his food and resources... And that is what empires do when they are feeling the strain of an overly profligate lifestyle. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: number 6 Date: 06 Nov 07 - 06:48 PM Geeeeeeez. Does this mean we won't have access to the internet ... so we can't sit in front of some computer monitor wasting time away? now ... back to the subject of this thread .... "Wow! $1.09" whooo weee ... at this rate we will certainly be heading over to Calais Maine to do our grocery shoppin' at good 'ol Hannafords on Saturday. biLL |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Little Hawk Date: 06 Nov 07 - 10:35 PM OUCH! This situation is truly getting out of hand. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Q (Frank Staplin) Date: 06 Nov 07 - 10:53 PM At one time in the 1950s, it took $1.10 US to buy a Canadian dollar. Then it went down and stayed down. Slow revenge! |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Beer Date: 07 Nov 07 - 09:20 AM And this morning it is over a $1.10 I'm about a half hour from the border and just may head over. Beer (adrien) |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Little Hawk Date: 07 Nov 07 - 09:57 AM Oh, shit. It's $1.10 now, as you say. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Jim Lad Date: 07 Nov 07 - 11:10 AM Back down to $1.09 but this is uncharted territory. If you are not locked in with your mortgage, do it now while interest rates are reasonably low. If your in The States & holding a wee pension, RRSP fund or nest egg in Canada, cash in! |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: DougR Date: 07 Nov 07 - 03:37 PM The low value of the dollar may be good news for citizens of other countries who wish to by American goods at lost cost than in their own country, but it will likely play hell with the tourist industry in those countries. I know we will not return to countries that use the British Pound or Euro until the dollar's value is improved. DougR |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Riginslinger Date: 07 Nov 07 - 04:58 PM George W. Bush might have single handedly destroyed America by listening to Dick Cheney. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Little Hawk Date: 07 Nov 07 - 06:48 PM It is indeed playing hell with the tourist industry in Canada, Doug. But this is only the beginning. It's the early symptoms of a major financial problem for the whole world, I think. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Rapparee Date: 07 Nov 07 - 09:53 PM Well, I hope not. But I'm "keeping my powder" dry. Even one bad year could screw things up pretty bad l y. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: number 6 Date: 08 Nov 07 - 11:57 AM All I can really, honestly say over this economic debacle is that I'm glad we didn't buy that Christmas tree farm back in 2003. Whew, I shudder at the thought. biLL |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: gnu Date: 08 Nov 07 - 06:20 PM Did I read that the BOC was considering REDUCING interst rates? Can't find it now. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: GUEST,dianavan Date: 09 Nov 07 - 01:47 AM does this mean I should be buying U.S. dollars? |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: gnu Date: 09 Nov 07 - 05:35 AM Re that LL Bean catalogue in our local paper... "Free shipping on all Canadian orders." |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: number 6 Date: 15 Nov 07 - 06:49 PM An article of interest (from the CBC) slightly relevant to this tired old thread. The catered life of the American consumer biLL |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Little Hawk Date: 16 Nov 07 - 04:23 PM Good article, Bill. Some quotes from it: "Washington essentially prints the world's money and has since the end of the Second World War. All internationally traded commodities, most importantly oil, are priced in U.S. dollars. "It gives the U.S. a huge privilege," says Prestowitz. "It means that Americans can buy and borrow in their own currency. So whereas you in Canada, if you want to buy a Toyota, you have to sell something to get U.S. dollars and then you go buy a Toyota. In America all we do is just print dollars and send the paper to Japan and we get the Toyota." "the weak dollar up to now has had more benefit than it has harmed the U.S. economy." "So, what should be bad news for America winds up being bad news for just about everybody else instead. The rest of the world's foreign currency reserves, mostly held in U.S. dollars, are suddenly worth less, and foreign manufacturers now have to compete against cheaper U.S. exports. The combination drives other countries crazy. A frustrated French President Nicolas Sarkozy told Congress last week that if the U.S. government doesn't do something about the falling dollar, it risks "economic war." This is what I've been saying. It's very rough on Canada having a currency that is now stronger than the US currency. It doesn't help Canadians one bit, unless you are a consumer who is buying goods directly from the USA, and that doesn't help Canada...it impoverishes Canada in the long run, because our money flows out of the country. Thank God, the Canadian dollar is now coming down some, it seems. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: gnu Date: 19 Nov 07 - 05:00 PM Oh wow man, this is getting serious! |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Little Hawk Date: 19 Nov 07 - 05:20 PM Yeah, eh? ;-) Well, things are looking a bit better. I got 96 and a half cents Canadian for my US dollars today...instead of 92 cents, like last week. That's an improvement. Let's hope it continues. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: GUEST,petr Date: 19 Nov 07 - 08:09 PM and in the US some places charge 15% exchange fee if you pay in Canadian dollars.. (I wonder if the vending machines still reject canadian coins) |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Little Hawk Date: 19 Nov 07 - 08:37 PM 15 per cent???????????? What nerve! The banks here charge a 2 or 3 per cent fee for the privilege of changing US dollars into Canadian or vice versa (quite aside from applying the current exchange rate itself, I mean). Why do they do that? Because they can...and all they need to do is push a button on a keyboard. Presto! Ka-ching! More money for the bank. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: GUEST,dianavan Date: 20 Nov 07 - 02:26 AM OPEC is not too happy about the low U.S. dollar, either. "A lower dollar means less income for the oil countries who compensate by raising the price." http://www.radionetherlands.nl/currentaffairs/071119-opec-oil-price |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Little Hawk Date: 20 Nov 07 - 02:31 AM No, they're not. They might think about pricing their oil in Euros instead...but Iraq tried that idea in 2002 and look what happened to Iraq not too long afterward... |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: GUEST,petr Date: 20 Nov 07 - 04:03 PM the key thing to note is that after the failure of the bretton woods international monetary management system in which currencies were pegged to the US dollar and it in turn was backed by gold. At the end of WWII the US had 80% of the worlds gold reserves so this worked out well at the time (along with oil production, manufacturing and investment capital reserves) and needed to expand trade. The reason it was backed by gold was that to avoid the experience of the 30s when nations devalued currencies and imposed high tariffs to be competitive. However by the late 60s there gold outflows from the US increased and there was increased debt and inflation due to the cost of the Vietnam war so Nixon unilaterally canceled the Bretton woods system and stopped the convertibility of the US $ to gold. But around the same time the US got the Saudis to agree to trade oil in US $.. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Little Hawk Date: 20 Nov 07 - 06:41 PM Yes, petr, those were key moves. The greatest weapon in international power plays is money...because money buys all the other forms of weaponry. He who has the controlling currency dominates the world. He whose currency oil is pegged to has enormous influence, and the American government fears greatly to lose that position. The day the US dollar was no longer backed by gold was the day on which it began to lose real value and become just a symbolic piece of paper. That happened because the USA had international debts it could not pay. The situation has gotten a lot worse since then. Foreign wars and the USA's overextension in those foreign wars have destroyed the USA's financial health, beginning with the debacle in Vietnam. The adventures in Afghanistan and Iraq have greatly worsened that situation. War consumes and exhausts a country's real wealth while destroying another country's real wealth! This has been done by many other empires in the past, and it always proves to be their downfall in the end. They bankrupt themselves by overplaying the game of war. War, whenever it is fought by choice, as is the case with any "pre-emptive" attack, is simply an attempt to force other people to do something they don't want to do...or to give up something that is theirs. It's armed robbery. Wonderful excuses are always trotted out to justify it. The "enemy" of the moment is not fooled by those excuses, but most of the people in the empire of the moment are fooled...for awhile. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: GUEST,petr Date: 20 Nov 07 - 08:10 PM well the wiki article I linked to above, discusses the issue fairly well without too much bias.. Basically the US was willing and able to assume a postwar leadership role, and it needed open markets to trade with in Europe. Britain France and the rest of Europe and Japan were devastated and had no choice anyway and were willing to tolerate US hegemony in exchange for security during the cold war. And of course when the scheme of things no longer suited US interests they dropped the gold standard.. although by having oil bought and sold in US dollars has given it an unfair advantage the last 20years. (since when the dollar loses value - the others holding US reserves and Treasury bills also lose. That can only go on for so long. Remember Cheney's comment that 'Reagan proved deficits don't matter' well they do.. oh and DOugr.. the point on Americans not going to countries that use Euros kind of cuts both ways.. Now those foreigners can get a deal on overpriced US real estate... |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: number 6 Date: 20 Nov 07 - 08:17 PM slick ... good to see ya Rudy. biLL |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Little Hawk Date: 20 Nov 07 - 09:50 PM Yup. Remember 911. An attack on America...but by whom? Not by any country. Not by any government. Not by any government's armed forces. Certainly not by Iraq or Afghanistan. It was an attack planned and carried out by a secret group of conspirators. We may know who some of them are or were. We may not know who some of them are or were. We probably don't know who most of them are or were. Such attacks by secret groups of conspirators are an international police matter, not a military matter. It is not appropriate to respond to such an attack by invading a country which did not launch the attack...regardless of whether or not you think that some of the people involved in planning the attack are living or hiding in that country. They are not the government of that country, and they do not represent it or its general population. Many of the people assumed to have been involved in the 911 attack were Saudis. Why, then, has the USA not used the same bizarrely flawed logic it used to invade Afghanistan...and invaded Saudi Arabia? I'll tell you why. Because of money. Because they did not invade Afghanistan over 911. 911 was the propaganda excuse for that invasion, which had major strategic purposes with regard to Russia and the Middle East and the oil-producing Caspian regions. And they did not invade Iraq in 2003 over either 911 or WMDs. They invaded Iraq over oil, primarily, over petrodollars, and over the desire to have permanent military bases in that region for future strategic purposes of a warlike sort. Staging grounds for the next war. So, yeah...remember 911...the attack by various mysterious conspirators, known and unknown, which was then falsely used to justify 2 unprovoked wars of aggression against 2 small countries and governments that did NOT attack America...and never had even the ability or the intention to attack America. Who has paid the price of those 2 wars of aggression? Americans...and the populations of Iraq and Afghanistan...and some soldiers and civilians from a few other places. Boy, have they paid!!! A million people may have died by now as a result of those 2 wars, most of them being ordinary Iraqis and Afghans who just happened to be unlucky enough to be living there. How many of the real 911 conspirators have paid the price? Not even half of them, I would bet. Probably a lot less than half of them. Where do they live? Maybe closer to home than some of you might think. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: number 6 Date: 21 Nov 07 - 07:36 PM Looks like 9/11 Rudy (Guest: slick)cheesed outta here pretty fast. Oh well .... certainly no loss. biLL |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Little Hawk Date: 21 Nov 07 - 10:03 PM The Canadian dollar went down again today...it's only worth $1.01 American now. AWRIGHT!!!! Things are looking more reasonable now. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: number 6 Date: 21 Nov 07 - 10:25 PM That's good LH ... guess it keeps the repo man from putting the padlock on your export business door. biLL |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Little Hawk Date: 21 Nov 07 - 11:05 PM It definitely helps. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: GUEST,number 6 Date: 23 Oct 08 - 11:34 AM Well ... one year later.... $.7598 one Canadian Loonie to $1.00 Yankee greenback. biLL |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Riginslinger Date: 23 Oct 08 - 11:39 AM That Harper guy better get busy. If he's a true conservative, he sould be driving the Canadian dollar down. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: GUEST,number 6 Date: 23 Oct 08 - 11:42 AM He already is ! |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Little Hawk Date: 23 Oct 08 - 12:38 PM Yes, thank God, the Canadian dollar has finally more or less come back down to what I would consider a "normal" level in regards to the US dollar. This is good for Canadian exporters, and it means less across-the-border purchasing by Canadians and more buying at home in Canada. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: GUEST,number 6 Date: 23 Oct 08 - 12:55 PM I thought you'd be happy L.H. good for some businesses here in N.B. too. biLL |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: gnu Date: 23 Oct 08 - 01:17 PM Yes, indeed... join me in a celebratory toast LH! Unfortunately, whereas you deal in solid goods, I deal in the brain trade and once you lose a customer, it's pretty hard to get them back. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: GUEST,number 6 Date: 23 Oct 08 - 01:26 PM The down turn is ... some goods will be going up in price for us Canucks. biLL |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Little Hawk Date: 23 Oct 08 - 01:28 PM Yup, there's always that aspect. It's like a teeter totter. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: gnu Date: 23 Oct 08 - 01:51 PM Yup... I was AGAIN shocked when I took Mum out for Walkies at the grocery stores today... instead of a fall with the price of crude, some stuff is still going up. I can't imagine how young families and elderly are making ends meet. Of course, it's comforting to know that our troops in Afghanistan have made record distance sniper shots... so far away that one wonders how the sniper knew that person was a threat to Canada. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Little Hawk Date: 23 Oct 08 - 02:53 PM We're a threat to them. They are no threat to us...unless we send our people there to get shot at. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Ed T Date: 23 Oct 08 - 03:13 PM The fall was mostly likly due to political lobbying to the Canadian ruling folks... from the companies with preprinted Canada-USA prices on their prdoucts, like greeting cards at Carleton and Hallmark Cards. I suspect they have warehouses full of Christmas cards with $3.99 US, $6.99 Canada marked on "em from the (around) 60 cent Canadian dollar period:) Soon they will be able to bring 'em out again. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: GUEST,number 6 Date: 23 Oct 08 - 04:23 PM Very good Ed ... LOL gnu ... "so far away that one wonders how the sniper knew that person was a threat to Canada." ... it's the shoes they wear .... they scope in on the feet ... if they're wearing high priced sports shoes, they're the enemy. biLL :) |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: gnu Date: 23 Oct 08 - 06:09 PM Or just new, expensive ones? Like the finance minister on budget eve? |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Bee-dubya-ell Date: 23 Oct 08 - 06:42 PM It's expected that the current strength of the US dollar relative to other currencies will be short-lived. The dollar's rise in value is largely a result of heavy purchasing of US treasury bonds by foreign investors. The US economy may be as deeply in the toilet as any other country's, but the US government is not going to go bankrupt. Its bonds are still a very safe, if low yield, place for investors to park their money until stock markets improve. When that happens, expect the dollar to go down in value again. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Little Hawk Date: 23 Oct 08 - 06:45 PM Yes, I think you're right about that, Bee-dub. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Q (Frank Staplin) Date: 23 Oct 08 - 08:29 PM The currency lineup today, in comparison to a couple of months ago, shows the pound, euro, $Can and $Aus (and some others) down relative to the $US, and relatively the Yen and Hong Kong dollar up. Bad for Japanese-Hong Kong exporters. The situation usually would be good for those with low currencies, but if everyone cuts their shopping, it ain't no good for nobody. Didn't check the yuan, but unless people buy, the Chinese producers are hurting too. Now if OPEC and Venezuela go ahead with cutting production, and petroleum prices rise, that would be good, good, good for Alberta-B. C. - and sales at Bentley Calgary- Bentley |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Sandra in Sydney Date: 24 Oct 08 - 02:25 AM I can remember Paypal transactions in March when $USD100 = $AUD105. I'm looking at the list of US & Can CDs that I want to buy, & have had on this list for months - since the $AUD was higher!! sandra |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: GUEST,999 Date: 17 Jul 12 - 01:34 PM 10,000.00 Canadian = 9865.92 United States That's today's figures. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: pdq Date: 17 Jul 12 - 01:40 PM "98.6 and rising down by Boulder Dam that day..." |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: GUEST,999 Date: 17 Jul 12 - 01:45 PM Good one pdq. Ms Griffith can nail it, huh? |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: pdq Date: 17 Jul 12 - 02:02 PM It took a long time to figure out what was wrong with Lightfoot's song "10 Degrees and Getting Colder". The area where Boulder Dam is located probably hasn't seen 10o F since the last Ice Age. It is close to Death Valley in climate. As a Canadian, he thinks in metric and Celsius temperatures. The aforementioned 10 degrees is Celsius, about 50o F. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: GUEST,999 Date: 17 Jul 12 - 02:26 PM That would be an interesting study, pdq. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Jack the Sailor Date: 17 Jul 12 - 07:56 PM pdq In April 1975 Fahrenheit temperatures were replaced by Celsius in Canada. The Album Summer side of life was released in 1971. He was certainly using the fahrenheit scale. I got this snippet from a brief Googling. >>An all-time low of -40 C (-40 F) was recorded January 7, 1971, at Hawley ... south of Hoover Dam and along the Gila River west of its confluence with the Salt River.<< Heck maybe Gordo heard that on the news and wrote the song about an exceptional event. Heck maybe he was there. But then it has been called the Hoover dam since 1935 or so. So maybe Gordo was just making up a song with cool ideas and cool words. (Pun intended.) |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: GUEST,999 Date: 17 Jul 12 - 08:26 PM Jack, the start of that was in '71 or '72. The Yanks were going metric, so Canada changed to metric. We had no idea what it meant. My mother to the day she died thought that Calgary and Edmonton got further apart. Of course, she also thought the sun rose where East is and North was where she was facing. Then, when Canada had all gone metric nutzo, the USA decided they wouldn't. Meanwhile, Canada was up to its arse in metric signs. Lotsa metric signs. So, with no further aplomb, we posted the signs and expected Canadians to find out what they meant. We did. The people who survived have had children who know the difference between KPH and MPH. The difference is .6, sort of. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: pdq Date: 17 Jul 12 - 08:29 PM I must assume you are correct about the Canadian conversion to Celsius, but Hawley Lake is in the White Mountain, far northeastern Arizona. It probably doesn't have many year-round residents as it is between 9000 and 10,000 feet in elevation. Been near it but not to it. Place like Bullhead City and Boulder Dam are low desert can be 50 degress at night and 80 degrees in the afternoon in February. BTW, it was always supposed to be called Hoover Dam but FDR showed his subtantial nasty streak and changed it to Boulder Dam to dis his predecessor. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: GUEST,999 Date: 17 Jul 12 - 08:36 PM My friend, PDQ, was not addressing me in that last post. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Jack the Sailor Date: 17 Jul 12 - 08:51 PM Since Gordo was singing about a dam that doesn't exist by that name, I'm not about to revoke his poetic license for the rest of the song. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: Jack the Sailor Date: 17 Jul 12 - 08:53 PM >>The difference is .6, sort of. << The cars here have both one the speedometers. I guess even southern yankees know that much. |
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Subject: RE: BS: Low US dollar, high Canadian dollar... From: GUEST,999 Date: 17 Jul 12 - 09:09 PM Having been in the south I wouldn't rely on that, Jack. |
