FWIS 2.0

Parrot · Posted: Thu Sep 20, 2007 3:23 pm Post subject: $Cdn hits parity with $US

Last time this happened "Carrie" was tops in the box office and "Wreck of the Edmund Fitzgerald" was topping the music charts. Ups and downs to the situation. Less business from the US in Canada (not as cheap for Hollywood to film here). Not good for exporters or the manufacturing sector in Canada.

Good for Canadians travelling south. Canadian NHL teams, the Jays (MLB) and Raptors (NBA) get a break as revenues are in $Cdn, while payrolls are $US. I doubt teams will reduce ticket prices. Price of books! Price listed on covers are 20% higher in Canada (publishers and retailers, will be making a nice little profit).

5 years ago, the canuck buck was worth 63 cents US, this morning it's been flirting with parity (hitting it, backing off currently around .9985). It'll be interesting to see how long this ride lasts. Once the US economy picks up again, I suspect the $Cdn will drop again. Hmmm, although I still have a year or so left on my subscription, I should consider renewing my Astronomy Magazine subscription (paid in $US), sooner than later.

Yosh · Posted: Thu Sep 20, 2007 3:25 pm Post subject:

Except on the NYS Thruway, where they still have the dumb-ass "Canadian currency discounted 20%" signs at the toll booths.
_________________
"I drank what?!?"

Socrates' last words.....

Shalamar · Joined: 12 Jul 2007 Posts: 103 Location: SSD Executor

I'll be going to visit my folks in Toronto for Christmas this year. Wife and I won't be spending a dime if we can help it. While the money may be at parity, the cost of goods more than likely is not. Sad

_________________
SL-4231

pumpkinpi · Joined: 07 Jun 2007 Posts: 2009 Location: Twin Cities

Well, yay! I should be able to use my Candian coins without getting any dirty looks! Laughing

I grew up in Michigan, where it was common to have Canadian nickles, dimes, pennies, and especially quarters mixed in with your change, and it was fair currency. When I migrated to Maryland, some of my Canadian change came along, and trying to use it there just didn't work! Now back in Minnesota, they are worth something again. I love these border states!
_________________
Too bad ignorance isn't painful.

"Carl Sagan makes many atheists realize there may in fact be a God." FZ

"Americans are no longer about 'keeping up with the Joneses.' We're about running them over in a Hummer." a friend of a friend on facebook

brite · Posted: Thu Sep 20, 2007 9:08 pm Post subject:

Fisher... the trip to the Falls maybe out... It was cheaper to go when I left the area... LOL

I can remember working in the mall (that would be the Summit Mall... before it became... something entirely different....) at Christmas, and having busloads of Canadians come in and buy the place out. Of course, this was before we had nifty scanners and things like that and we had to calculate the exchange rate by hand.... at the time, I think it was $.70 to the US dollar....
_________________
When life throws you lemons... WHY DOES IT HAVE TO BE LEMONS!? Why can't it be chocolate or something...

This is my pistol
This is my gun
This is for shooting
This is for fun
(the bayonette is for the kinky stuff)

Didn't you hear? There are no fairy tales in the military. It violates Don't Ask, Don't Tell.

JPax · Joined: 17 Jun 2007 Posts: 1654

I wonder how this will be effected by the Fed's rate cut. I think they are trying to keep inflation low, which means the value of the dollar should drift upwards, I think.
_________________
awaiting signature 2.0...

The Radical Centrist · Joined: 28 Aug 2007 Posts: 106

JPax · Joined: 17 Jun 2007 Posts: 1654

The Radical Centrist · Joined: 28 Aug 2007 Posts: 106