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Hard to believe that it's now a 30% difference compared to just a month ago when we were still almost at par. The bubble was bound to burst eventually anyways. I should've invested more in US funds. grr... |
The exchange rate does suck. But we still have a better economy! :D
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$1USD = $1.30CDN means that $1CDN = $.70USD. |
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ugh, and i was gonna save a bundle ordering tires from the US. Stupid exchange rate.
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The dollar seemed to pull itself up a bit today, hopefully back to par within the next few months, but I doubt it.
At least this will create jobs in tourism and manufacturing/shipping industry. Maybe this recession won't be as bad for Canada as it will be for other parts of the world... Experts say that Canada will be one of the countries that will go through this recession without much change. They say other countries may be taken in by wealthier nations or through bad decisions, they may revolt. These are fairly extreme examples, and it's too early to really predict what will happen. Let's hope for the best. |
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The Loonie is largely tied to commodities prices, so as they drop, so will the value of our dollar. It's directly bad because our purchases are generally in USD but it's not all bad: Canada's economy is largely export driven, and a lower value makes Canadian-produced goods more competitive on the global market.
So while our neighbors to the South deal with an economic slowdown and the entire mess they're dealing with now, the combination of our being kept largely out of that mess (in part thanks to the Harper government) and more competitively priced goods could be generally favorable for Canada. |
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http://img122.imageshack.us/img122/403/paypalusdxp9.jpg |
why do the zero's look different? ones more oval than the other, makes me think there are two fonts there and suggests photoshop Drache. No offense but it stands out to me.
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No matter what I say though you won't believe it so think what you want.... |
That's not possible. Unless it's a HUGE fuckup on Paypal's part.
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I know ... let's all get Drache to make our orders for us hahahahahaha
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