Canadian Dollar > US Dollar

[Baal]

http://www.theglobeandmail.com/servlet/story/RTGAM.20070920.wlooniebackground0920/BNStory/Front

The last time the Canadian dollar was on par with its U.S. counterpart, oil prices were at record highs, the Canadian economy was in a period of sustained growth and the Bank of Canada was concerned about inflation. Sound familiar?

It has taken 31 years for the Canadian dollar to make its way back to level ground since it last topped the greenback on Nov. 25, 1976.

The currency actually took flight six years earlier, in the spring of 1970, following the government's decision to let the Canadian dollar float freely against the U.S. dollar. It hit parity in 1972 and on April 25, 1974, it traded at a high of $1.0443 (U.S.).

“The strength of the Canadian dollar through this period can largely be attributed to strong global demand, which boosted the prices of raw materials,” James Powell wrote in A History of the Canadian Dollar.

I've been following this all day, and thoroughly enjoying it. It's more about pride than anything, because it certainly doesn't really help our economy.

Speaking of which, it's time for retailers to wake up and stop charging us Canadians 20% more for their products.

 

[Krynn72]

It's more about pride than anything

It has taken 31 years for the Canadian dollar to make its way back to level ground

I lol'd


charchar

 

[kirovman]

Bad for exports to America though.

 

[CptStern]

yes it's not all good ..the one good thing to come out of this is that no longer can americans say "$100US? how much is that der in Canadian funny money, $2000? hyuk" ..now the shoe is on the other foot ...and it's freakin sweet

"$100 Canadian dollars? how much is that in American? $150US and George Bush personally invades your arse? har-dee-har-har"

 

[CyberPitz]

yes it's not all good ..the one good thing to come out of this is that no longer can americans say "$100US? how much is that der in Canadian funny money, $2000? hyuk" ..now the shoe is on the other foot ...and it's freakin sweet

"$100 Canadian dollars? how much is that in American? $150US and George Bush personally invades your arse? har-dee-har-har"

And instead of getting insulted like you guys did, we just say, "Yup...*grumble about wanting to move to another country...*"

 

[<RJMC>]

pwned by canada

 

[-Psy-]

All obey the mighty power of the British Pound Sterling! D:

 

[CptStern]

And instead of getting insulted like you guys did, we just say, "Yup...*grumble about wanting to move to another country...*"

better than the response I typically get from americans: "what's a canada?"

 

[Cheomesh]

So you've never been then?

 

[Beerdude26]

In other news, one euro is now worth one dollar and forty cents. Some fun statistics:

PS3: 599 USD [425 EUR]
BMW 7: 75,800 USD [53,892 EUR]
Game: 59,99 USD [42,65 EUR]
100 bags of McCoys Salt & Vinegar Crisps, imported: 576 USD [409 EUR]

 

[Ennui]

I wish so, so terribly that I had been born in Canada and then moved here (or not moved here at all).

 

[Wanted Bob]

Hooray for Canada! All too often I hear from americans "Oh, you're from the capital. How is it in Toronto".

As sad as that is, the are a lot of americans I get along well with.

 

[lame-o]

YAY!!! Now tourists coming to Canada from America for cheap stuff = DEAD, prices on stuff that should be cheap = EXPENSIVE, chain reaction? Healthcare = CRAPPIER, Education budget = CRAPPIER.

take THAT America! :farmer:

...not that i really care about all that.

 

[Dog--]

I love Canada, beavers, hockey, igloo's, etc.

Now the money!

Now WE look down on AMERICA j/k


Still <3 Canada, though bestest country eva!

 

[Raziaar]

Why do you Canadians hate us Alaskans? We always received the coldest of looks when we traveled from Alaska into Canada, driving south to California. Made the trip nearly half a dozen times.

better than the response I typically get from americans: "what's a canada?"

Please... such a baseless statement. I doubt you'll find many Americans at all that don't know what Canada is... either they like Canada, or they hate Canada, but they know what Canada is and where it is.

The typical response you'd get is, "Canada Eh?"

Which is something I do when I meet new people from Canada, but it's always in a friendly way, since I like Canada. Always have.

 

[Dan]

cross border shopping in the states this weekend is gonna be insane

 

[Dog--]

Oh yea, I never even thought of that, Dan.. Now shopping is actually worth it over there!

 

[Fliko]

Why do you Canadians hate us Alaskans? We always received the coldest of looks when we traveled from Alaska into Canada, driving south to California. Made the trip nearly half a dozen times.

USA likes to exploit Canada a lot, and inturn because of what the government does, some of us just generally hate the entire idea of USA and citizens in general.

 

[CptStern]

Why do you Canadians hate us Alaskans? We always received the coldest of looks when we traveled from Alaska into Canada, driving south to California. Made the trip nearly half a dozen times.

probably something to do with oil, ya probably oil, it's always oil, oil oil oil

Please... such a baseless statement. I doubt you'll find many Americans at all that don't know what Canada is... either they like Canada, or they hate Canada, but they know what Canada is and where it is.

actually I meant it more as an insult to canadians, as in we matter so little that they wouldnt know who we are ..but what you thought I was saying makes some sense ..at least the further into banjo country you gets

The typical response you'd get is, "Canada Eh?"

hope not, we're kind of tired of Bob and Doug

Which is something I do when I meet new people from Canada, but it's always in a friendly way, since I like Canada. Always have.

from a distance of course ... up close we're all toques and two fours

 

[Dog--]

Jeez Stern, you really think he deserved the 'Stern Lecture'? D:

He said he likes Canada, leave him alone!


BTW, that "eh" thing he was talking about is the same as a Canadian going into the US and saying howdy to someone, it's just something some people say..

 

[CptStern]

Jeez Stern, you really think he deserved that? D:

? what? deserve what? what do you think I said?

 

[Dog--]

my post edited Makes it sound less hostile? Wasn't supposed to be a serious 'what your problem?!' post..

 

[CptStern]

you changed "that" with "lecture" ..how is that really any different? and how was I lecturing him? I was insulting canadians dumdum

 

[Viperidae]

Why do you Canadians hate us Alaskans? We always received the coldest of looks when we traveled from Alaska into Canada, driving south to California. Made the trip nearly half a dozen times.

Eep. Must have been some angry BCers. The vast majority of us have nothing against Alaska, Raz. Ignore the others (lol, rural BC). <3

 

[Dan]

Oh yea, I never even thought of that, Dan.. Now shopping is actually worth it over there!

Things were cheaper in the states even before when the dollar was low. What is strange is that a midrange car in the states is still 10000 dollars cheaper than the same car in Canada.

 

[Danimal]

The Australian Dollar is starting to creep past the US too.

 

[McGooTheWise]

Damn Illegal Canadians! THEY KILLED OUR ECONOMY! RED LEAF BASTARDS! ><

(I'm joking.)

 

[lame-o]

lol... everything is cheaper in the states than it is in Canada. When the dollar goes up they can't lower prices, but when it goes down they jack up the prices like mother ****ers. And even though the rising dollar really isn't in anyones interest they shit out their mouths on the radios all ****ing day about "the Canadian dollar is a hair below the American greenback!! OMFG! We totally ****ing OWN! What does this like mean for Americans!?" somehow I doubt Americans really give a shit, and if they do, they don't brag 24/7 on tv and radio.

sry, but jesus do i hate those people.

 

[Direwolf]

And Bob and Doug never get old. Hoosier.

 

[CptStern]

it's hoser, eh

 

[Dog--]

you changed "that" with "lecture" ..how is that really any different? and how was I lecturing him? I was insulting canadians dumdum

vut? Really? sorry, then?

Things were cheaper in the states even before when the dollar was low. What is strange is that a midrange car in the states is still 10000 dollars cheaper than the same car in Canada.

Not at the Ontario/New York border, then. I bought a winter coat a few months back (January) for $60 US, and seen the same coat in Canada a few days later for $70 CDN. I would've saved money (I think) if I bought it in Canada... Maybe that's just the places I go to, then. I don't know.. It'll be better now, either way.

 

[Fliko]

hope not, we're kind of tired of Bob and Doug

Eh?
I use the word Eh all the time.

 

[Shamrock]

I better keep this 200$ Canadian dollars for a couple years then. Maybe it will be worth 500$ US Dollars by then!

 

[Raziaar]

Eep. Must have been some angry BCers. The vast majority of us have nothing against Alaska, Raz. Ignore the others (lol, rural BC). <3

Actually we always entered through the Alaskan border in the Yukon, up along the Alaskan Highway... which by the way is the most ****ed up road you'll ever drive in your life. Seriously, it was crazy. Construction was also always going on, and we'd be staring down those massive dump trucks trying to navigate the barely visible dirt pathway that wiggled through the construction zone.

Also there's a hot spring up there near the BC/Yukon border that we always stopped at. Great fun.

 

[Uriel]

I'll keep my American currency, thank you very much.

*caresses Benjamins

 

[CptStern]

I'll keep my American currency, thank you very much.

*caresses Benjamins

give us your canadian currecy, it's worth more

 

[Baal]

All it will take is one retailer to say:

"We've adjusted our prices to the rising loonie!"

for things to change. Unfortunately it will never happen

 

[RakuraiTenjin]

Nobody here in AMERICA (**** yea) cares about Canadian Monopoly Money or Euro Rainbow Colored Money

 

[Raziaar]

Nobody here in AMERICA (**** yea) cares about Canadian Monopoly Money or Euro Rainbow Colored Money

Nobody in AMERICA gives a shit about gangs either. But you seem to be infatuated with them. Here's a tip... stop being a dreg of society. Act like a normal person.

 

[RakuraiTenjin]

Nobody in AMERICA gives a shit about gangs either. But you seem to be infatuated with them. Here's a tip... stop being a dreg of society. Act like a normal person.

lol wtf.

this thread's about monetary trading on an international level and the rise of the glorious canadian dollar. get on topic mister!