BS: Canuck dollar

Subject: BS: Canuck dollar
From: gnu
Date: 17 Mar 10 - 01:36 PM

So... at $0.99US, if I can buy and sell at a spread of $0.06 ($0.0625 today), with today's buy of $1.04, when the US spring crops begin shipping and the Canuck dollar falls to a low within 6 months, barring a war between the USA and Iran and/or Korea and/or..., every penny below an exchange rate of $0.93 is a two percent annual rate of return on my money.

I wish I had some money. Can anyone spot me an inch of thousands?

Subject: RE: BS: Canuck dollar
From: Q (Frank Staplin)
Date: 17 Mar 10 - 02:55 PM

I remember when the Canadian dollar was at US$1.10 back in the fifties, but don't expect that to recur this time.

I have a friend who makes a living in currency trading, but I never had the dough to get into that. He plays the yen-dollar among others.

Subject: RE: BS: Canuck dollar
From: Charmion
Date: 17 Mar 10 - 04:46 PM

I bought a pristine Martin 0016DBR "Women in Music" guitar at the 2007 Getaway, during that brief, shining moment when the loonie was at US$1.14. I swear I heard the Voice of God saying unto me, "Charmion, the loonie is at $1.14 American. It's time for you to buy that beautiful Martin guitar." So I did.

Subject: RE: BS: Canuck dollar
From: 3refs
Date: 17 Mar 10 - 05:28 PM

I've heard through many sources that it should be around $.90 U.S. for things to be stable(more or less).
Many of us will head south, but how many will come north with a high dollar? Although it might be easy to go to Mexico and use our Canadian Tire money(again)!