US Dollar now worth less than Canadian

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This also happened a few years back so its not the first time. But i'm just curious, for all the Canadian folks up north what do you do in this situation?

- Do you convert your CD to USD knowing that the USD will bounce back?
- Do you cross the border to take advantage of purchasing power?
- Or do you just sit back and laugh since the market is all manipulated anyway?
#canadian #dollar #worth
  • Profile picture of the author Troy Trump
    Always a depressing sign when the US dollar continues to tank.
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  • Profile picture of the author thunderbird
    Paypal didn't get the memo
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  • Profile picture of the author entrepreneurjay
    What the hell lol. I am from Michigan and when I was 19-22 late 90's- Me and my buddies used to go to Windsor, Ontario a lot bars, casino etc... Legal drinking age is 19.

    We would always echange our money for Canadian currency before we arrived across the border. We would get back like $1.70 $1.80 Canadian for every U.S. Dollar.

    Damn how times have changed I really cannot ponder the idea of our dollar that far in the toilet wow!
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  • Profile picture of the author GeorgR.
    tell me about it, living in EU and my market is mainly US market, so i have to convert all my earnings into EU ;/
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  • Profile picture of the author Dennis Gaskill
    Now is a good time to buy American, you get more for your money. Step right up folks, line starts to my right! First up on the offer table is...
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    • Profile picture of the author Rickling
      Originally Posted by Dennis Gaskill View Post

      Now is a good time to buy American, you get more for your money. Step right up folks, line starts to my right! First up on the offer table is...
      Was just there a week ago and got like $1.03 for my canadian dollars! Most though took the dollar for even money!!! Now back in Australia now and here is amazing too not even but is like .93 to USD and that is quite good for Oz.
      Rick.
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  • Profile picture of the author derekwong28
    I would watch whether the US succeeds in forcing the Chinese currency to appreciate. If and when it happens, a whole basket of other currencies will be forced to appreciate as well.
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  • Profile picture of the author BIG Mike
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    • Profile picture of the author seasoned
      Originally Posted by BIG Mike View Post

      Sorry folks, this was entirely the fault of Greece and our internal economic problems. Our problems were good for the dollar, which caused it to gain significantly against the Euro. This was important because we invested heavily in dollars, announced our problems to the world and made enough back on FOREX to cover the interest on our soveriegn loans.

      Then we reversed strategies, invested heavily back into Euros, pressured the EU to give us emergency loans at 5% if needed and then informed the world that we were back in the saddle. That drove the Euro back up, allowing us to pay off the most recent bonds due.

      Now that major manufacturers around the world are ready to sell to us again we're back on track to gain some awesome bribes for buying things we don't really need, to help us replicate the cycle. Combined with our speculation in the money markets, we'll have the deficit lowered in no time at all. :rolleyes:

      Or we'll just lie about it again like we um, sort of did last April when somebody forgot to change their calculator batteries and inadvertently, accidentally, by mistake reported a deficit that was 5% lower than it really was.

      And if that doesn't work, we'll just call for an early election, pull together a new government and lay it all at the doorstep of governments past.
      Mike, I could say whose fault it REALLY is, but THAT would be political! But to blame ALL of greece or simply blame the greek government is just WRONG!

      Here's a hint! The problem is partly caused by the SAME group in the US. They did it with cars, the airlines, and just got major legislation passed to hurt ANOTHER three industries etc.... In fact, the company that is in control of it may be the SAME company in the US AND greece, since they ARE international now!

      Steve
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      • Profile picture of the author whateverpedia
        Originally Posted by seasoned View Post

        In fact, the company that is in control of it may be the SAME company in the US AND greece, since they ARE international now!Steve
        Sorta right there Steve. It should read:

        In fact, the company that is in control of it is the SAME company in the US AND greece, since they ARE international now!

        Goldman Sachs.

        Further reading:

        Goldman Sachs, Greece Didn?t Disclose Swap Contract (Update1) - Bloomberg.com

        Goldman Sachs: the Greek connection - Business News, Business - The Independent

        Goldman Sachs: the Greek connection - Business News, Business - The Independent

        Greek deal puts Goldman Sachs in the firing line ? again | Business | The Observer

        video:



        That's on the Greek crisis. Here's some more on GS themselves.

        The Great American Bubble Machine : Rolling Stone

        http://www.rollingstone.com/politics...ilout_hustle/1

        Bethany McLean on Goldman Sachs (January 2010) | Business | Vanity Fair

        It's no wonder GS banksters (banker+gangster) are doing this.

        Goldman Sachs Bankers Loading Up on Guns | Wall St. Cheat Sheet

        There, that's quite a bit of reading for you all to go through. At the end of it you may well go looking for those old pitchforks and torches you were keeping just in case.

        If I were an American, or a Greek for that matter I'd be investing in tar and feathers right now.
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        • Profile picture of the author seasoned
          Originally Posted by whateverpedia View Post

          Sorta right there Steve. It should read:

          In fact, the company that is in control of it is the SAME company in the US AND greece, since they ARE international now!

          Goldman Sachs.

          Further reading:

          Goldman Sachs, Greece Didn?t Disclose Swap Contract (Update1) - Bloomberg.com

          Goldman Sachs: the Greek connection - Business News, Business - The Independent

          Goldman Sachs: the Greek connection - Business News, Business - The Independent

          Greek deal puts Goldman Sachs in the firing line ? again | Business | The Observer

          video:

          YouTube - Is Goldman responsible for Greek crisis?


          That's on the Greek crisis. Here's some more on GS themselves.

          The Great American Bubble Machine : Rolling Stone

          http://www.rollingstone.com/politics...ilout_hustle/1

          Bethany McLean on Goldman Sachs (January 2010) | Business | Vanity Fair

          It's no wonder GS banksters (banker+gangster) are doing this.

          Goldman Sachs Bankers Loading Up on Guns | Wall St. Cheat Sheet

          There, that's quite a bit of reading for you all to go through. At the end of it you may well go looking for those old pitchforks and torches you were keeping just in case.

          If I were an American, or a Greek for that matter I'd be investing in tar and feathers right now.
          I wasn't talking about goldman sachs! NICE TRY THOUGH! Goldman sachs WISHES they could control the area I am talking about! $15 billion? $150 Billion? $1.5TRILLION!?!? HAH! It is a drop in the bucket!

          Just the promised INCREASE to PART of the secondary market I am talking about is over $5.6MILLION ******AN HOUR****** That is over about $10,.4BILLION a YEAR! And that is just the stated increase to the secondary market. The cost to business is probably 8 times that, over $80 BILLION a year. The new rules I was talking about are over $160billion a year additional, stated, and probably more. Now we are talking REAL money! Of course, that really only covers one country, and they are international.

          Apparently, this sort of garbage caused riots in the streets of greece that looked like the ones in LA when the cops got off for rodney king.

          Steve
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          • Profile picture of the author whateverpedia
            Originally Posted by seasoned View Post

            I wasn't talking about goldman sachs! NICE TRY THOUGH! Goldman sachs WISHES they could control the area I am talking about!

            Steve
            Still, not a bad time to invest in tar and feathers though.

            Care to shed some light on what you WERE talkng about then?
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            • Profile picture of the author seasoned
              Originally Posted by whateverpedia View Post

              Still, not a bad time to invest in tar and feathers though.

              Care to shed some light on what you WERE talkng about then?
              Like I said, too political. But loans generally aren't taken to extremes unless there is debt, and I am talking about what GENERATED that debt.

              Steve
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          • Profile picture of the author whateverpedia
            Originally Posted by seasoned View Post

            I wasn't talking about goldman sachs! NICE TRY THOUGH! Goldman sachs WISHES they could control the area I am talking about! $15 billion? $150 Billion? $1.5TRILLION!?!? HAH! It is a drop in the bucket!

            Just the promised INCREASE to PART of the secondary market I am talking about is over $5.6MILLION ******AN HOUR****** That is over about $10,.4BILLION a YEAR! And that is just the stated increase to the secondary market. The cost to business is probably 8 times that, over $80 BILLION a year. The new rules I was talking about are over $160billion a year additional, stated, and probably more. Now we are talking REAL money! Of course, that really only covers one country, and they are international.

            Apparently, this sort of garbage caused riots in the streets of greece that looked like the ones in LA when the cops got off for rodney king.

            Steve
            $5.6 million an hour equals $10.48 billion a year does it?

            Let's check that shall we.

            $5,600,000 x 24 x 365. Nope that equals $49,056,000,000, or $49.056 trillion.

            That would make the cost to business (8x according to you), at $392.448 trillion.

            Even if you meant $5.6 million a DAY, that would be equal to $2.044 trillion, and the cost to business at $16.352 trillion.

            Calculators. Wonderful things.
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            • Profile picture of the author seasoned
              Originally Posted by whateverpedia View Post

              $5.6 million an hour equals $10.48 billion a year does it?

              Let's check that shall we.

              $5,600,000 x 24 x 365. Nope that equals $49,056,000,000, or $49.056 trillion.

              That would make the cost to business (8x according to you), at $392.448 trillion.

              Even if you meant $5.6 million a DAY, that would be equal to $2.044 trillion, and the cost to business at $16.352 trillion.

              Calculators. Wonderful things.
              YEAH, ESPECIALLY when you make a mistake. Sorry, I made a little mistake, maybe I rounded, etc....

              52(weeks in year)*40(work hours per week)=2080*5.6million=11648million=11.648billion. Of course, there may be vacation time, and overtime that can fiddle with the numbers. But they DO, as a group tend to charge a lot of overtime. One thing is odd though. You say $49,056,000,000= $49.056 trillion. I know the british have a different concept of what a billion is but what is THIS? In the US, 10^3=thousand 10^6=million 10^9=billion 10^12=trillion. So YOUR amount is about 49 BILLION, not trillion, in the US anyway. A trillion would be 1000 times that.

              And the cost to business is VERY high! There is salary, dues, pension, various care, various allowances, compliance, etc... Heck, a lot of my mothers time, as an ACCOUNTANT was dealing with a lot of that. It drove her NUTS! In fact, that additional $2/hour ACTUAL income may have represented $20+ LEGAL income. Things in the US are weird. FEW people get the income that is declared. BASICALLY it is LEGAL INCOME-BENS-DUES-TAXES=RECEIVED REAL INCOME. SUPPOSEDLY they meant REAL income, which means higher taxes, and they have dues, and they promise higher bens, so OBVIOUSLY the legal income goes up, etc.... SO, you see how the income they declare may be NOWHERE near what the companies actually pay, and how a $2 increase can be a LOT more? And that doesn't even cover compliance, space, etc... HECK, my uncle in denmark had downtime, and other UNNECCESARY people for COMPLIANCE! Of course, THEY got paid ALSO.

              Steve
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              • Profile picture of the author whateverpedia
                Originally Posted by seasoned View Post

                YEAH, ESPECIALLY when you make a mistake. Sorry, I made a little mistake, maybe I rounded, etc....

                52(weeks in year)*40(work hours per week)=2080*5.6million=11648million=11.648billion. Of course, there may be vacation time, and overtime that can fiddle with the numbers. But they DO, as a group tend to charge a lot of overtime. One thing is odd though. You say $49,056,000,000= $49.056 trillion. I know the british have a different concept of what a billion is but what is THIS? In the US, 10^3=thousand 10^6=million 10^9=billion 10^12=trillion. So YOUR amount is about 49 BILLION, not trillion, in the US anyway. A trillion would be 1000 times that.

                And the cost to business is VERY high! There is salary, dues, pension, various care, various allowances, compliance, etc... Heck, a lot of my mothers time, as an ACCOUNTANT was dealing with a lot of that. It drove her NUTS! In fact, that additional $2/hour ACTUAL income may have represented $20+ LEGAL income. Things in the US are weird. FEW people get the income that is declared. BASICALLY it is LEGAL INCOME-BENS-DUES-TAXES=RECEIVED REAL INCOME. SUPPOSEDLY they meant REAL income, which means higher taxes, and they have dues, and they promise higher bens, so OBVIOUSLY the legal income goes up, etc.... SO, you see how the income they declare may be NOWHERE near what the companies actually pay, and how a $2 increase can be a LOT more? And that doesn't even cover compliance, space, etc... HECK, my uncle in denmark had downtime, and other UNNECCESARY people for COMPLIANCE! Of course, THEY got paid ALSO.

                Steve
                Yeah, I made a mistake as well. It should have read $49,056,000,000,000. Thanks for the correction. We have the same billions, trillions as you guys.

                Now this is where you've got me really confused, or perhaps you are. After working for 25 years in financial institutions, I wasn't aware that money only worked for 40 hours a week.

                Money doesn't sleep, nor does it take public holidays, vacations, sick days or have any other time off. It operates 24 x 365 for as long as it is in "play".
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                • Profile picture of the author seasoned
                  Originally Posted by whateverpedia View Post

                  Yeah, I made a mistake as well. It should have read $49,056,000,000,000. Thanks for the correction. We have the same billions, trillions as you guys.

                  Now this is where you've got me really confused, or perhaps you are. After working for 25 years in financial institutions, I wasn't aware that money only worked for 40 hours a week.

                  Money doesn't sleep, nor does it take public holidays, vacations, sick days or have any other time off. It operates 24 x 365 for as long as it is in "play".
                  Money doesn't, but PEOPLE do! BTW did you know that, according to some investments, a year has only 360 days! It's TRUE! It is a special 30/360 formula to simplify interest calculation. Luckily, I don't think ANY industry wide, financial "services", calculation is down to the hour.

                  Steve
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  • Profile picture of the author Ben Neil
    It's going to get worse when we have to make good on our debt to China. I don't understand. You mean a government is like a person or business? You can't just keep spending money that you don't have? When you get into trouble you can't just spend your way out of it? This makes no sense to me.
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  • Profile picture of the author lacraiger
    seems like we US citizens are eventually headed for financial doomsday? our cash, properties and assets will become pennies on the dollar.

    might be time to jump ship. which other country produces addicting reality shows?
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    • Profile picture of the author KimW
      Originally Posted by lacraiger View Post

      might be time to jump ship. which other country produces addicting reality shows?
      I'm guessing this is a joke. Reality shows are just a visible sign of how sad our society has become.
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      • Profile picture of the author seasoned
        Originally Posted by KimW View Post

        I'm guessing this is a joke. Reality shows are just a visible sign of how sad our society has become.
        You can say THAT again. There WAS a time when such people would be EMBARASSED to "aire their dirty laundry"!
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        • Profile picture of the author KimW
          Originally Posted by seasoned View Post

          You can say THAT again. There WAS a time when such people would be EMBARASSED to "aire their dirty laundry"!
          That was back when our country had morals and standards,Steve.
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  • Profile picture of the author seasoned
    It's been LOWER! OK, NOT MUCH, but it HAS:

    Conversion Table: USD to CAD (Interbank rate)

    Time period: 04/08/9 to 04/14/10.
    Daily averages: 04/08/2009 1.24160000
    04/09/2009 1.23870000
    04/10/2009 1.23300000
    04/11/2009 1.22700000
    04/12/2009 1.22630000
    04/13/2009 1.22630000
    04/14/2009 1.22480000
    04/15/2009 1.21840000
    04/16/2009 1.21340000
    04/17/2009 1.20570000
    04/18/2009 1.21230000
    04/19/2009 1.21370000
    04/20/2009 1.21360000
    04/21/2009 1.22390000
    04/22/2009 1.23880000
    04/23/2009 1.23900000
    04/24/2009 1.23590000
    04/25/2009 1.21930000
    04/26/2009 1.21060000
    04/27/2009 1.21010000
    04/28/2009 1.21520000
    04/29/2009 1.22110000
    04/30/2009 1.21050000
    05/01/2009 1.19620000
    05/02/2009 1.19030000
    05/03/2009 1.18600000
    05/04/2009 1.18600000
    05/05/2009 1.18270000
    05/06/2009 1.17410000
    05/07/2009 1.17580000
    05/08/2009 1.16940000
    05/09/2009 1.16110000
    05/10/2009 1.15020000
    05/11/2009 1.15030000
    05/12/2009 1.15460000
    05/13/2009 1.16400000
    05/14/2009 1.16290000
    05/15/2009 1.17390000
    05/16/2009 1.17330000
    05/17/2009 1.17820000
    05/18/2009 1.17820000
    05/19/2009 1.17260000
    05/20/2009 1.15990000
    05/21/2009 1.15090000
    05/22/2009 1.14120000
    05/23/2009 1.12970000
    05/24/2009 1.11990000
    05/25/2009 1.12000000
    05/26/2009 1.12470000
    05/27/2009 1.12580000
    05/28/2009 1.11500000
    05/29/2009 1.11910000
    05/30/2009 1.09980000
    05/31/2009 1.09230000
    06/01/2009 1.09220000
    06/02/2009 1.08710000
    06/03/2009 1.08840000
    06/04/2009 1.08870000
    06/05/2009 1.10630000
    06/06/2009 1.10510000
    06/07/2009 1.11950000
    06/08/2009 1.11950000
    06/09/2009 1.12050000
    06/10/2009 1.11000000
    06/11/2009 1.10500000
    06/12/2009 1.10370000
    06/13/2009 1.11260000
    06/14/2009 1.11950000
    06/15/2009 1.11960000
    06/16/2009 1.12780000
    06/17/2009 1.13180000
    06/18/2009 1.13470000
    06/19/2009 1.13170000
    06/20/2009 1.13190000
    06/21/2009 1.13490000
    06/22/2009 1.13500000
    06/23/2009 1.14390000
    06/24/2009 1.15330000
    06/25/2009 1.14820000
    06/26/2009 1.15700000
    06/27/2009 1.15200000
    06/28/2009 1.15320000
    06/29/2009 1.15330000
    06/30/2009 1.15600000
    07/01/2009 1.15720000
    07/02/2009 1.15630000
    07/03/2009 1.15360000
    07/04/2009 1.16050000
    07/05/2009 1.16120000
    07/06/2009 1.16130000
    07/07/2009 1.16280000
    07/08/2009 1.16100000
    07/09/2009 1.16570000
    07/10/2009 1.16200000
    07/11/2009 1.16310000
    07/12/2009 1.16440000
    07/13/2009 1.16440000
    07/14/2009 1.16160000
    07/15/2009 1.14590000
    07/16/2009 1.12790000
    07/17/2009 1.11860000
    07/18/2009 1.11770000
    07/19/2009 1.11400000
    07/20/2009 1.11420000
    07/21/2009 1.10810000
    07/22/2009 1.10650000
    07/23/2009 1.10420000
    07/24/2009 1.09610000
    07/25/2009 1.08730000
    07/26/2009 1.08730000
    07/27/2009 1.08720000
    07/28/2009 1.08380000
    07/29/2009 1.08160000
    07/30/2009 1.08560000
    07/31/2009 1.08650000
    08/01/2009 1.08080000
    08/02/2009 1.07810000
    08/03/2009 1.07800000
    08/04/2009 1.07290000
    08/05/2009 1.06870000
    08/06/2009 1.07330000
    08/07/2009 1.07300000
    08/08/2009 1.08010000
    08/09/2009 1.08180000
    08/10/2009 1.08190000
    08/11/2009 1.08430000
    08/12/2009 1.09440000
    08/13/2009 1.09870000
    08/14/2009 1.08770000
    08/15/2009 1.08990000
    08/16/2009 1.09870000
    08/17/2009 1.09880000
    08/18/2009 1.10650000
    08/19/2009 1.10540000
    08/20/2009 1.10320000
    08/21/2009 1.09470000
    08/22/2009 1.08610000
    08/23/2009 1.08170000
    08/24/2009 1.08170000
    08/25/2009 1.07850000
    08/26/2009 1.07890000
    08/27/2009 1.09120000
    08/28/2009 1.09610000
    08/29/2009 1.08720000
    08/30/2009 1.09200000
    08/31/2009 1.09200000
    09/01/2009 1.09750000
    09/02/2009 1.09640000
    09/03/2009 1.10440000
    09/04/2009 1.10320000
    09/05/2009 1.09650000
    09/06/2009 1.08930000
    09/07/2009 1.08910000
    09/08/2009 1.08090000
    09/09/2009 1.07580000
    09/10/2009 1.07930000
    09/11/2009 1.08110000
    09/12/2009 1.07700000
    09/13/2009 1.07720000
    09/14/2009 1.07720000
    09/15/2009 1.08490000
    09/16/2009 1.08150000
    09/17/2009 1.07010000
    09/18/2009 1.06490000
    09/19/2009 1.06950000
    09/20/2009 1.06970000
    09/21/2009 1.06970000
    09/22/2009 1.07530000
    09/23/2009 1.07230000
    09/24/2009 1.06990000
    09/25/2009 1.07900000
    09/26/2009 1.09110000
    09/27/2009 1.09150000
    09/28/2009 1.09150000
    09/29/2009 1.09350000
    09/30/2009 1.08610000
    10/01/2009 1.07730000
    10/02/2009 1.07360000
    10/03/2009 1.08550000
    10/04/2009 1.08010000
    10/05/2009 1.08000000
    10/06/2009 1.07540000
    10/07/2009 1.06520000
    10/08/2009 1.05970000
    10/09/2009 1.05620000
    10/10/2009 1.04990000
    10/11/2009 1.04280000
    10/12/2009 1.04280000
    10/13/2009 1.03890000
    10/14/2009 1.03340000
    10/15/2009 1.02890000
    10/16/2009 1.02690000
    10/17/2009 1.03530000
    10/18/2009 1.03760000
    10/19/2009 1.03760000
    10/20/2009 1.03580000
    10/21/2009 1.03580000
    10/22/2009 1.04840000
    10/23/2009 1.04790000
    10/24/2009 1.05020000
    10/25/2009 1.05370000
    10/26/2009 1.05420000
    10/27/2009 1.05610000
    10/28/2009 1.06780000
    10/29/2009 1.07080000
    10/30/2009 1.07570000
    10/31/2009 1.07240000
    11/01/2009 1.08520000
    11/02/2009 1.08480000
    11/03/2009 1.08020000
    11/04/2009 1.07670000
    11/05/2009 1.06430000
    11/06/2009 1.06470000
    11/07/2009 1.06800000
    11/08/2009 1.07580000
    11/09/2009 1.07570000
    11/10/2009 1.06470000
    11/11/2009 1.05620000
    11/12/2009 1.04760000
    11/13/2009 1.04780000
    11/14/2009 1.05320000
    11/15/2009 1.05220000
    11/16/2009 1.05250000
    11/17/2009 1.04820000
    11/18/2009 1.05250000
    11/19/2009 1.05150000
    11/20/2009 1.06050000
    11/21/2009 1.06710000
    11/22/2009 1.07160000
    11/23/2009 1.07150000
    11/24/2009 1.06160000
    11/25/2009 1.05950000
    11/26/2009 1.05290000
    11/27/2009 1.05280000
    11/28/2009 1.06550000
    11/29/2009 1.06240000
    11/30/2009 1.06200000
    12/01/2009 1.05720000
    12/02/2009 1.04980000
    12/03/2009 1.04650000
    12/04/2009 1.05100000
    12/05/2009 1.05470000
    12/06/2009 1.05850000
    12/07/2009 1.05830000
    12/08/2009 1.05600000
    12/09/2009 1.05500000
    12/10/2009 1.06090000
    12/11/2009 1.05370000
    12/12/2009 1.05320000
    12/13/2009 1.06070000
    12/14/2009 1.06070000
    12/15/2009 1.06080000
    12/16/2009 1.06030000
    12/17/2009 1.06080000
    12/18/2009 1.06830000
    12/19/2009 1.06770000
    12/20/2009 1.06690000
    12/21/2009 1.06700000
    12/22/2009 1.06410000
    12/23/2009 1.05970000
    12/24/2009 1.05390000
    12/25/2009 1.04860000
    12/26/2009 1.05020000
    12/27/2009 1.04950000
    12/28/2009 1.05020000
    12/29/2009 1.04690000
    12/30/2009 1.04210000
    12/31/2009 1.04940000
    01/01/2010 1.05100000
    01/02/2010 1.05380000
    01/03/2010 1.05510000
    01/04/2010 1.05370000
    01/05/2010 1.04380000
    01/06/2010 1.03900000
    01/07/2010 1.03720000
    01/08/2010 1.03330000
    01/09/2010 1.03410000
    01/10/2010 1.03030000
    01/11/2010 1.03030000
    01/12/2010 1.02910000
    01/13/2010 1.03560000
    01/14/2010 1.03650000
    01/15/2010 1.02940000
    01/16/2010 1.02670000
    01/17/2010 1.02960000
    01/18/2010 1.02980000
    01/19/2010 1.02790000
    01/20/2010 1.02860000
    01/21/2010 1.03930000
    01/22/2010 1.04790000
    01/23/2010 1.05230000
    01/24/2010 1.05830000
    01/25/2010 1.05830000
    01/26/2010 1.05710000
    01/27/2010 1.06090000
    01/28/2010 1.06450000
    01/29/2010 1.06180000
    01/30/2010 1.06680000
    01/31/2010 1.07090000
    02/01/2010 1.07090000
    02/02/2010 1.06830000
    02/03/2010 1.06050000
    02/04/2010 1.05850000
    02/05/2010 1.06470000
    02/06/2010 1.07310000
    02/07/2010 1.07210000
    02/08/2010 1.07180000
    02/09/2010 1.07020000
    02/10/2010 1.07110000
    02/11/2010 1.06680000
    02/12/2010 1.05770000
    02/13/2010 1.05220000
    02/14/2010 1.05080000
    02/15/2010 1.05090000
    02/16/2010 1.04970000
    02/17/2010 1.04520000
    02/18/2010 1.04470000
    02/19/2010 1.04520000
    02/20/2010 1.04720000
    02/21/2010 1.03970000
    02/22/2010 1.03960000
    02/23/2010 1.04060000
    02/24/2010 1.04720000
    02/25/2010 1.05530000
    02/26/2010 1.06040000
    02/27/2010 1.05680000
    02/28/2010 1.05230000
    03/01/2010 1.05250000
    03/02/2010 1.04850000
    03/03/2010 1.03690000
    03/04/2010 1.03280000
    03/05/2010 1.03140000
    03/06/2010 1.03050000
    03/07/2010 1.02940000
    03/08/2010 1.02940000
    03/09/2010 1.02760000
    03/10/2010 1.02780000
    03/11/2010 1.02660000
    03/12/2010 1.02680000
    03/13/2010 1.02010000
    03/14/2010 1.01980000
    03/15/2010 1.01970000
    03/16/2010 1.01960000
    03/17/2010 1.01670000
    03/18/2010 1.01130000
    03/19/2010 1.01230000
    03/20/2010 1.01540000
    03/21/2010 1.01780000
    03/22/2010 1.01770000
    03/23/2010 1.01910000
    03/24/2010 1.01870000
    03/25/2010 1.02240000
    03/26/2010 1.02160000
    03/27/2010 1.02640000
    03/28/2010 1.02710000
    03/29/2010 1.02700000
    03/30/2010 1.02180000
    03/31/2010 1.01920000
    04/01/2010 1.01630000
    04/02/2010 1.01060000
    04/03/2010 1.01080000
    04/04/2010 1.01170000
    04/05/2010 1.01160000
    04/06/2010 1.00520000
    04/07/2010 1.00130000
    04/08/2010 1.00140000
    04/09/2010 1.00620000
    04/10/2010 1.00350000
    04/11/2010 1.00300000
    04/12/2010 1.00290000
    04/13/2010 1.00510000
    04/14/2010 1.00360000



    Average (372 days): 1.08597
    High: 1.25040
    Low: 0.99770

    Steve
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  • Profile picture of the author Brad Gosse
    I really miss the US dollar from 11 years ago. $1.60 Canadian was SWEET
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  • Profile picture of the author wwesley
    yea, i just realized that it was lower than CAD. in fact i noticed some payments have changed payments in usd to cad.
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  • Profile picture of the author HeySal
    Now we are talking REAL money!
    No Steve - we're still talking about World Bank funny money. The stuff that doesn't really have any ties to reality.

    Now here's a blast into REAL money:
    The RockHoundStation1? Gazette Blog Archive The Economic Crisis Has A Silver Lining In Idaho
    Signature

    Sal
    When the Roads and Paths end, learn to guide yourself through the wilderness
    Beyond the Path

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  • Profile picture of the author senderbot
    Hi,

    Whats really bad is how the British Pound has tanked too. When I first moved to Canada from Britain I got $2.50 for every pound I brought over. Now if I were to move over I'd get $1.50.

    As for the US Dollar... I always run my biz in US$ assuming that most of my customers are in the US and it is great to transfer it back into Canada and get more... now I'm not so sure.

    I also remember when it was cheap to have a holiday in Australia. They were about $3 per GB Pound. Now they are a $1.60 per pound.... so its more expensive to holiday there... plus I hear they are having a crazy time with inflation... minimum wage is at $17 because of a construction boom.

    Seems to me the disparity between countries is just levelling out... . this could be as a result of the new ease at which companies can do business internationally... Or.... hold on a minute.... for a while back in the 80s the various governments were rumbling about setting up a proper world bank with just one worldwide currency...

    Maybe everything that is going on is just the various govs. setting the stage for the new world bank to come.... that would explain why everywhere seems to be achieving a weirdly coincidental level of parity...

    I'm just saying... but it makes sense...

    Cheers

    Max
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    • Profile picture of the author seasoned
      Originally Posted by senderbot View Post

      Hi,

      Whats really bad is how the British Pound has tanked too. When I first moved to Canada from Britain I got $2.50 for every pound I brought over. Now if I were to move over I'd get $1.50.

      As for the US Dollar... I always run my biz in US$ assuming that most of my customers are in the US and it is great to transfer it back into Canada and get more... now I'm not so sure.

      I also remember when it was cheap to have a holiday in Australia. They were about $3 per GB Pound. Now they are a $1.60 per pound.... so its more expensive to holiday there... plus I hear they are having a crazy time with inflation... minimum wage is at $17 because of a construction boom.

      Seems to me the disparity between countries is just levelling out... . this could be as a result of the new ease at which companies can do business internationally... Or.... hold on a minute.... for a while back in the 80s the various governments were rumbling about setting up a proper world bank with just one worldwide currency...

      Maybe everything that is going on is just the various govs. setting the stage for the new world bank to come.... that would explain why everywhere seems to be achieving a weirdly coincidental level of parity...

      I'm just saying... but it makes sense...

      Cheers

      Max
      Yeah, the canadian dollar, like the EU, was originally created with the intent to match the dollar. The pound alway went it's own way. ALL are fiat currencies controlled by the same central organization to try to keep the value consistant. The pound and the dollar USED to be REAL currencies. I don't know about the canadian dollar, but the EU was always a fiat currency.

      Steve
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      • Profile picture of the author atvking
        ah good old "inflation tax"


        just an example...if you put 1million$ cash in a shoe box back in 2003 and opened it now to exchange it for euros you would loose a whopping 800.000 of todays US dollars because you did not do so in 2003...
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        • Profile picture of the author myob
          The dollar soared Friday, thanks to the Goldman Sachs fraud charges by the SEC.
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  • Profile picture of the author Profit-smart
    Step right up....

    Now selling leather gear, canteens, small dogs, and batterys!

    Recent photos of our merchandise:

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  • Profile picture of the author alanaj
    Whenever I read news like this, I get a bad feeling. A friend of mine always drives into NYC and shops with his wife.
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  • Profile picture of the author sarahberra
    No way. That's crazy. If things keep going down hill we are going to crash.
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    • Profile picture of the author seasoned
      Originally Posted by sarahberra View Post

      No way. That's crazy. If things keep going down hill we are going to crash.
      For what it is worth, it is now on the UPSWING! Starting from where I left off, INCLUSIVE:

      Time period: 04/14/10 to 04/20/10.
      Daily averages:

      04/14/2010 1.00360000
      04/15/2010 0.99850000
      04/16/2010 0.99970000
      04/17/2010 1.00730000
      04/18/2010 1.01340000
      04/19/2010 1.01340000
      04/20/2010 1.01750000



      Average (7 days): 1.00763
      High: 1.02130
      Low: 0.99530

      As you can see, the 5 day trend has been UP, for the USD, and it is now almost 1.39% higher, against the cad, than it was since my last table!

      Steve
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  • Profile picture of the author seasoned
    BTW against the swiss franc:

    Time period: 04/14/10 to 04/20/10.
    Daily averages: 04/14/2010 1.05720000
    04/15/2010 1.05290000
    04/16/2010 1.05680000
    04/17/2010 1.06010000
    04/18/2010 1.06200000
    04/19/2010 1.06210000
    04/20/2010 1.06560000



    Average (7 days): 1.05953
    High: 1.06880
    Low: 1.05050

    1.05 is about $.95! In 1989, it was about 1.6, or about $.63! So the swiss franc has gone up about 50% in 21 years! Even 1% should be cause to worry!

    File:CHF-USD 1989-.svg - Wikimedia Commons

    By contrast, the CAD didn't start moving until about 2003

    CAD/USD Currency Conversion Chart - Yahoo! Finance

    CAN 1999=.646

    NOT GOOD!

    Steve
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  • Profile picture of the author lacraiger
    its happening again... *sigh*
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  • Profile picture of the author rondo
    Yesterday the Aussie dollar had a record high of 99.2 cents against the USD, and they expect it to pass the USD very soon.
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    • Profile picture of the author lacraiger
      Originally Posted by rondo View Post

      Yesterday the Aussie dollar had a record high of 99.2 cents against the USD, and they expect it to pass the USD very soon.
      wow thats pretty bad
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    • Profile picture of the author tryinhere
      Originally Posted by rondo View Post

      Yesterday the Aussie dollar had a record high of 99.2 cents against the USD, and they expect it to pass the USD very soon.
      yes and they expect it to pass the usd and to stay that way for some time , i wrote a post a while back that Aussies were spending in the droves in the states at the moment / for people to catch some of those Aussie dollars floating over that way.

      all of the usd eguides and apps are a bargain right now and yes i expect to be paying less aud $ than usd $ very soon.

      Last time this got close there were a few switched on us guys that target marketed aus and probably done quite well.
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  • Profile picture of the author seasoned
    BTW as for the dollar bouncing back, WHO KNOWS!?!?!? There is a rumor that people in the US WANT the US dollar to TANK, and they will replace it. REALLY, things are just RIDICULOUS!

    Steve
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  • Profile picture of the author derekwong28
    Since most IM earnings are in US$, a tanking US$ is bad for everybody. But this could be especially serious this time as it could be the beginning of a global currency war.

    Right now, the G7 and other major economies are piling up pressure on China to appreciate its currency. But as before, China would like to sit this out and let the G7 and other countries to fight each other out. This could turn very nasty.

    BBC News - IMF chief's warning of currency war 'real threat'

    George Soros warns China of global 'currency war' - Telegraph

    Interesting, Soros accuses China of controlling the entire global currency system.

    Derek
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    Do not get between a wombat and a chocolate biscuit; you will regret it dearly!

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  • Profile picture of the author sarahberra
    This is so scary! They just keep on spending and spending and the dollar continues to dive down hill. Do we even have a future. Yikes!
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    • Profile picture of the author phpbbxpert
      Originally Posted by sarahberra View Post

      This is so scary! They just keep on spending and spending and the dollar continues to dive down hill. Do we even have a future. Yikes!
      Not in my lifetime and I am not very old!
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  • Profile picture of the author lacraiger
    its official... as of today

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  • Profile picture of the author derekwong28
    There is a lot of other stuff going on at the same time as well. There is so much hot money around at the moment that financial markets are going haywire all over the world. Many emerging markets countires like Korea, Thailand and Brazil are intervening extensively to prevent their currencies from appreciating too fast. Likewise, stock markets in those countries are rising every day because of the influx of hot money. Gold has just achieved an all time high and the commodities markets are very volatile as well.

    Our previous monetary chief said that he had never seen a situation when the world economies are not doing that well but asset prices keep on rising because of the abundance of hot money produced by the stimulus packages. He is worried that the whole situation may end up badly.
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    Do not get between a wombat and a chocolate biscuit; you will regret it dearly!

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  • Profile picture of the author ruscontent
    omg, i afraid it.
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  • Profile picture of the author gareth
    We are like all goats tied at the stake. We all know why & we all know what may be coming next.

    History is about to have its final meal of human flesh.
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    Gareth M Thomas
    Serial Entrepreneur
    Auckland, New Zealand

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    • Profile picture of the author lacraiger
      Originally Posted by gareth View Post

      We are like all goats tied at the stake. We all know why & we all know what may be coming next.

      History is about to have its final meal of human flesh.


      your AUS dollars are doing well... why are you afraid?
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  • Profile picture of the author derekwong28
    It seems both Canada and Australia will have to wait a bit longer now for this to be permanent. Both currencies have been pushed down towards 0.97 after China has hiked its rates. Gold, oil and other commodities have fallen back as well.
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    Do not get between a wombat and a chocolate biscuit; you will regret it dearly!

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  • Profile picture of the author lacraiger
    here we go!
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