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Psssssssssssst did I just hear that the Canadian dollar

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malaise Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-21-11 06:45 PM
Original message
Psssssssssssst did I just hear that the Canadian dollar
is now worth more than the US dollar?

http://fx.sauder.ubc.ca/today.html
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KurtNYC Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-21-11 06:46 PM
Response to Original message
1. rises withoil and grain prices n/t
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Warpy Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-21-11 06:46 PM
Response to Original message
2. That's nothing particularly remarkable. It's stayed close to parity
for a long time and has flipped in terms of value a couple of times before now, if galloping dementia is allowing me to remember correctly.

Canadian quarters still won't work at the laundromat.
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Art_from_Ark Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-21-11 09:20 PM
Response to Reply #2
29. Canadian quarters are pure nickel, so they are magnetic
and are thus automatically rejected by US coin-operated machines.
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ejpoeta Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-21-11 06:46 PM
Response to Original message
3. canadian dollar has been worth more than our dollar for some time now.
we get canadians in buffalo for shopping all the time because of it. i remember when our money was worth more when we used to go up to canada all the time many years ago. sadly, theirs has been worth more for some time now.
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malaise Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-21-11 06:47 PM
Response to Reply #3
6. Maybe I've been in the dark but I just heard them discussing it on radio
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ejpoeta Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-21-11 07:06 PM
Response to Reply #6
18. it goes back and forth, but last i knew the canadian dollar was worth more.
i live near buffalo and canadians come over to get good deals all the time and they talk about it on the news around here. they're just jealous. when the dollar is up then people go over to canada to get a good deal.
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A Simple Game Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-21-11 07:47 PM
Response to Reply #3
22. The same here in Northern New York. nt
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treestar Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-21-11 08:04 PM
Response to Reply #3
26. Not sad for them
It would be good for our industry if they come down for the bargains.
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abelenkpe Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-21-11 06:47 PM
Original message
It was briefly a couple years ago
again??
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Amonester Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-21-11 06:47 PM
Response to Original message
4. Old news,
You're lucky this is not the LBN forum. :pals:
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malaise Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-21-11 06:48 PM
Response to Reply #4
7. LOL
:rofl:
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bbinacan Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-21-11 06:47 PM
Response to Original message
5. With our debt,
I wouldn't be surprised.
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Amonester Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-21-11 06:50 PM
Response to Reply #5
10. It's the price of oil (partly)
The Cdn debt is relatively proportional.
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bbinacan Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-21-11 06:56 PM
Response to Reply #10
16. But Canada is
reducing their debt. We aren't.
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Art_from_Ark Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-21-11 09:27 PM
Response to Reply #10
32. Also metal ores
Edited on Mon Mar-21-11 09:34 PM by Art_from_Ark
Canada has a lot of metal minerals that have been benefitting from high market prices. For example, one of Canada's main metals, nickel, is now worth so much that the nickel in a Canadian nickel is worth more than the coin's face value.
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Skink Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-21-11 06:48 PM
Response to Original message
8. The oil sand dollar.
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jdlh8894 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-21-11 07:15 PM
Response to Reply #8
20. Can I trade my Sand Dollars for oil? I might be rich!! eom
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Canuckistanian Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-21-11 06:50 PM
Response to Original message
9. Has been for aboot a month
Oops. Did I just say "aboot"?
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malaise Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-21-11 06:51 PM
Response to Reply #9
11. Didn't know
Wow - you commies with your socialist health care plan - how dare you!!! :evilgrin:
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Amonester Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-21-11 06:56 PM
Response to Reply #11
14. Borrowed money (in part) for SPHC, backed (in part) by oil exports.
U.S. = Borrowed money (in part) for.... endless wars and super-rich Ruling class tax-free heavens.

:evilfrown:



:pals:
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underpants Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-21-11 08:01 PM
Response to Reply #9
25. Well you know they are a very efficient people - they put on third down
Plus the found some use for Doug Flutie (other than campaigning for Scott Brown)

http://www.youtube.com/watch?v=it4jhiQClS4
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suffragette Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-21-11 09:26 PM
Response to Reply #9
31. I think you did, eh.
;-)
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ClarkUSA Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-21-11 06:53 PM
Response to Original message
12. It's been that way for awhile. This favors US goods exports which brings down our deficit.
Edited on Mon Mar-21-11 06:54 PM by ClarkUSA
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trof Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-21-11 06:55 PM
Response to Original message
13. That's just one reason I invested in Canadian stocks.
:-)
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indepat Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-21-11 06:56 PM
Response to Original message
15. When in Niagara Falls, Ontario, about seven years ago, the Canadian dollar was in the low $1.30s to
Edited on Mon Mar-21-11 06:58 PM by indepat
the US $1.00. Amazing the havoc perpetual pre-emptive wars, grossly irresponsible fiscal policies, and grossly unfair tax policies can wreak on a nation, its economy, and its currency: thank God junior's reign is over. :patriot:

Edit to issert can for an and
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elocs Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-21-11 07:03 PM
Response to Original message
17. When I was in Canada 10 years ago their dollar was worth about 65 cents of the U.S. dollar.
That's a big change in ten years.
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malaise Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-21-11 07:57 PM
Response to Reply #17
23. Indeed
They actually operate conservative banks and don't spend gazillions on wars.
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riverbendviewgal Donating Member (377 posts) Send PM | Profile | Ignore Mon Mar-21-11 07:08 PM
Response to Original message
19. The change has been for a few weeks now.
It was nice for my vacation in Florida in February and March.

When I moved to Canada in August 1969 the Cdn dollar was 14 cents more than than the US dollar.
It was sad when it went lower than the US dollar - as low as 45 cents lower. I didn't vacation those years.

It is nice to have more bang for my buck.
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al_liberal Donating Member (116 posts) Send PM | Profile | Ignore Mon Mar-21-11 07:35 PM
Response to Original message
21. Yep, they've reversed the prices on printed material.
Now it says $5 US, $4.25 Canada.

Tongue in cheek.
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malaise Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-21-11 07:58 PM
Response to Reply #21
24. LOL
Welcome to DU :hi:
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Fool Count Donating Member (878 posts) Send PM | Profile | Ignore Mon Mar-21-11 08:06 PM
Response to Original message
27. Same is also true for the Australian dollar.
And it was worth only 65 cents just two years ago.
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roamer65 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-21-11 08:07 PM
Response to Original message
28. The Australian dollar is worth more than ours now, too.
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WatsonT Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-21-11 09:21 PM
Response to Original message
30. But they still have to pay more for books!
Suckers.
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SidDithers Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-21-11 10:00 PM
Response to Original message
33. It has been for a couple of months now...
As the price of oil goes, so goes the $CDN.

It's good for me, but bad for Canadian industry that exports to the US.

Sid
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