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17 Mar 10 - 01:36 PM (#2866172) Subject: BS: Canuck dollar From: gnu 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? |
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17 Mar 10 - 02:55 PM (#2866218) Subject: RE: BS: Canuck dollar From: Q (Frank Staplin) 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. |
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17 Mar 10 - 04:46 PM (#2866306) Subject: RE: BS: Canuck dollar From: Charmion 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. |
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17 Mar 10 - 05:28 PM (#2866331) Subject: RE: BS: Canuck dollar From: 3refs 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)! |