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BS: Low US dollar, high Canadian dollar...
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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. |
