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Author Topic: Canadian Dollar Skyrockets  (Read 3692 times)

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Mairi

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Canadian Dollar Skyrockets
« on: September 29, 2007, 04:12:46 AM »
Okay, so probably no one cares about this except for me, but I'll post it anyway since it's so f***ing awesome. HAHA CANUCKS RULE!!!!!

http://www.cbc.ca/news/background/dollar_cdn/

the Canadian dollar has hot a 31-year high and is currently almost on par with the American dollar.

What does this mean for Canada? Lots of money to spend online or at the US. However, this does spell trouble Canadian exporters.

What does this mean for the States? Well, be prepared for lots of Canadian crossing the border to buy things at all your lovely shops.

I know that I personally will be hitting the online stores!!!!!!
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Sondra

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Re: Canadian Dollar Skyrockets
« Reply #1 on: September 29, 2007, 05:00:48 AM »
Quote from: 218
Okay, so probably no one cares about this except for me, but I'll post it anyway since it's so f***ing awesome. HAHA CANUCKS RULE!!!!!

http://www.cbc.ca/news/background/dollar_cdn/



What does this mean for the States? Well, be prepared for lots of Canadian crossing the border to buy things at all your lovely shops.

I know that I personally will be hitting the online stores!!!!!!


What, so you won't be crossng our lovely border? We'd go there, but most of us don't have passports! The days of just driving over are gone. So you plan on buying any Beatle merchandise with all that Canadian cash?
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Pasta Cheif

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Re: Canadian Dollar Skyrockets
« Reply #2 on: September 29, 2007, 10:33:26 AM »
Its true, the Canadian dollar is doing great. However, last week I was reading money news and found this:

The U.S dollar has fallen to yet another all-time low against the euro, after further weak US economic data.

Figures showed that US consumer confidence has fallen to a near two-year low, while house prices have seen the sharpest drop in 16 years.

Analysts said the data boosted expectations that the Federal Reserve will cut interest rates still further.

In early trading, the euro hit a high of $1.4162, before pulling back to $1.4123 by mid-afternoon in Europe ( As of Sept 26th)
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harihead

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Re: Canadian Dollar Skyrockets
« Reply #3 on: September 29, 2007, 05:14:50 PM »
It's time for a John Lennon quote from 1969:

"Well, the communist fear is that and the American paranoia mainly, it
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Mairi

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Re: Canadian Dollar Skyrockets
« Reply #4 on: September 29, 2007, 06:13:39 PM »
Quote from: 216

What, so you won't be crossng our lovely border? We'd go there, but most of us don't have passports! The days of just driving over are gone. So you plan on buying any Beatle merchandise with all that Canadian cash?

Heck yes. I'm going to get that Beatles iPod with my hard-earned dollars, and if I buy it online, rather than at a shop, I'll save at least 75 bucks.

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adamzero

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Re: Canadian Dollar Skyrockets
« Reply #5 on: September 29, 2007, 08:31:31 PM »
I'm seriously thinking of investing in silver and/or gold.  But gold looks to high right now.  Some of those Canadian silver coins look very good.  

I'm glad for your economy, Mairi.  And I hope Canada gets hold of that North Pole oil before the Rooskis.  

But do you guys still have those tiny cokes in coke machines?  I think you guys are ready to move up to the big cans.  Especially now that you have those big dollars!
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Mairi

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Re: Canadian Dollar Skyrockets
« Reply #6 on: September 29, 2007, 08:41:09 PM »
Tiny cokes? I think our personal size bottles are 591 ml and our cans are 355 ml. Why, what sizes do you guys get?
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somedude210

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Re: Canadian Dollar Skyrockets
« Reply #7 on: September 30, 2007, 09:57:57 PM »
isnt the quebecian (or however you say thing from quebec) currency called the loony? that alone is awesome "AHH! i lost all my loonies!" ;D
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Mairi

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Re: Canadian Dollar Skyrockets
« Reply #8 on: October 01, 2007, 08:01:15 PM »
*headdesk*

It's Quebecois. No, the loonie is not its currency. It is a dollar coin used throughout all of Canada.
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somedude210

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Re: Canadian Dollar Skyrockets
« Reply #9 on: October 02, 2007, 01:01:40 PM »
then was it at some point in time?
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Mairi

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Re: Canadian Dollar Skyrockets
« Reply #10 on: October 03, 2007, 01:13:01 PM »
Canada does not use different currecny for each province.
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somedude210

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Re: Canadian Dollar Skyrockets
« Reply #11 on: October 03, 2007, 02:34:38 PM »
then who uses the loonie?
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Mairi

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Re: Canadian Dollar Skyrockets
« Reply #12 on: October 03, 2007, 07:32:53 PM »
Everyone. It has been our dollar coin since the dollar bill was phased out in '87.
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Sondra

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Re: Canadian Dollar Skyrockets
« Reply #13 on: October 03, 2007, 08:45:06 PM »
This conversation is cracking me up for some reason. Anyway, from Wiki:

Loonie is the name Canadians gave the gold-coloured, bronze-plated, one-dollar coin shortly after its introduction. It bears images of a common loon, a well-known Canadian bird, on the reverse, and of Queen Elizabeth II on the obverse.

The design for the coin was meant to be a voyageur theme, similar to the country's previous one dollar/silver dollar coin, but the reverse dies were lost by a courier service while in transit to the Royal Canadian Mint in Winnipeg. In order to avoid possible counterfeiting, a different design was used [1]. The coin was released to the public on 30 June 1987, and circulation of the one-dollar banknote was intentionally reduced at the same time to forestall any reluctance by the public to accept the new coin. As a result, the introduction of the coin was successful in achieving public acceptance in a fairly smooth fashion.

The coin has become the symbol of its currency. Newspapers will often discuss the rate at which the loonie is trading against the United States dollar. The nickname loonie (huard in French), initially a slang term for the Canadian dollar, became so widely recognized that in 2006 the Royal Canadian Mint secured the rights to the name "Loonie".
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Re: Canadian Dollar Skyrockets
« Reply #14 on: October 03, 2007, 09:31:42 PM »
hey who were you calling an old timer sweet mairi???lol
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Kaleidoscope_Eyes

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Re: Canadian Dollar Skyrockets
« Reply #15 on: October 03, 2007, 10:16:02 PM »
whenever the dollar is up i always think: poor exporters...
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