Members Mitchapalooza Posted September 20, 2007 Members Share Posted September 20, 2007 The Canadian dollar today surpassed the American greenback, the worlds most dominant currency, midday today. The dollar hit a 32 year high of 1.0008 American today. High demand for Canadian commodities aswell as a weak American dollar is the reason for the Canadian dollar resurgence. Just to show HOW much the dollar has gained, the loonie bottomed out at 62 cents in 2002, which means $1 Canadian got you $0.62 American. It is now CHEAPER for Canadian to shop in the US....prices are going to drop pretty quickly in Canada soon to battle against Canadians crossing the border to shop. Anyways, never thought I would see the day when the Canadian dollar would be at par or pass the American dollar. How the mighty has fallen. This is especially nice for me because I have been on the receiving end of EXTREMLY arrogant American tourists travelleing to Canada who try to impress us with the value of their money (in comparison to our own). Link to comment Share on other sites More sharing options...
Members SpiritualJunkie Posted September 21, 2007 Members Share Posted September 21, 2007 I was shocked to hear about this at school today! I remember when the dollar was only worth 60-some cents US. All these economists are saying it's bad for Canadian business...but that's assuming that we keep relying on the U.S. to be one of our major trading partners. A guy at my school wrote an article saying that Canada should start looking elsewhere for trade. He said Canada has been so tightly linked to America when it comes to business and with the American economy going downhill, it's probably best to cut off some ties in case things get worse and Canada gets dragged down as well. Link to comment Share on other sites More sharing options...
Members Mitchapalooza Posted September 21, 2007 Author Members Share Posted September 21, 2007 Well the new Container Port facility on Canada's west coast is going to provide a new link to Asia for trade. This is way to go for Canada. Link to comment Share on other sites More sharing options...
Administrator Toups Posted September 21, 2007 Administrator Share Posted September 21, 2007 I know, eh. I just can't believe it our dollar is so high. Link to comment Share on other sites More sharing options...
Members Danni Posted September 21, 2007 Members Share Posted September 21, 2007 That was coming for a LONG time. The US dollar has been on the slide for years. Link to comment Share on other sites More sharing options...
Members SpiritualJunkie Posted September 22, 2007 Members Share Posted September 22, 2007 I'm all for that. Asia has a lot of advanced technology that has yet to make its way to North America. Link to comment Share on other sites More sharing options...
Members Drew Posted September 27, 2007 Members Share Posted September 27, 2007 I've got orders placed at Amazon.com. I'm loving this. Link to comment Share on other sites More sharing options...
Members juppiter Posted September 27, 2007 Members Share Posted September 27, 2007 I'm horrified. American economic policy needs to change tout de suite. I was one of those "arrogant American tourists" and I've certainly been put in my place.... don't want to stay there! Link to comment Share on other sites More sharing options...
Members Andre Posted September 27, 2007 Members Share Posted September 27, 2007 With consumer goods ordered from the U.S., I have had to pay cross-border premiums. Meaning it is delivered to the post office, they leave a note at your door, and you pay GST, PST and a handling fee ($5 for me). What cost me $40 ended up totaling more than $50. So beware. Link to comment Share on other sites More sharing options...
Members Drew Posted September 30, 2007 Members Share Posted September 30, 2007 i havent had that happen before. I've had it delivered to my door like a normal order. Link to comment Share on other sites More sharing options...
Members SpiritualJunkie Posted September 30, 2007 Members Share Posted September 30, 2007 One of the few reasons I'm glad I live in Alberta...we don't pay PST. I've found with most orders..that they're sent to a post office as well rather than at the door. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.