So the Canadian dollar is worth more than the American Dollar.

[Xelebes]

100 cents CAN = 100.01 cents US

 

[cloudy]

100 cents CAN = 100.01 cents US

But, for how long, is the question.

 

[Xelebes]

IT's been over for 3 minutes.

It was above for 3 hours earlier this morning.

 

[Xelebes]

1 CAD = 1.00237 USD

Or 1 000 000 CAD = 1 002 370 USD

Going up, it seems.

 

[joeys-game]

Holy crap...go Canada!!!

 

[flavortang]

Canada money can't be worth more than USDs. I mean... we're America. Canada is America's trite little hat. A beret.

Although, when USDs were worth about 50% more than Canadian, I was thinking of emigrating there because I had an internet business where I got paid electronically in USDs. I would've made 50% more living in Canada.

 

[joeys-game]

Canada money can't be worth more than USDs. I mean... we're America. Canada is America's trite little hat. A beret.

Although, when USDs were worth about 50% more than Canadian, I was thinking of emigrating there because I had an internet business where I got paid electronically in USDs. I would've made 50% more living in Canada.

Think again..it is.

 

[flavortang]

Think again..it is.

Come to think of it, I'd like to emigrate to Canada anyway.

 

[joeys-game]

Come to think of it, I'd like to emigrate to Canada anyway.

lmao..no kidding..what a strange turn of events this is...eh?

 

[slyc_willie]

So, what's the reason? American economic destability versus Canada's apparent inherent stability?

In other words, has the US gotten so into debt with the War on Terror that we aren't worth as much (economically) anymore?

 

[joeys-game]

So, what's the reason? American economic destability versus Canada's apparent inherent stability?

In other words, has the US gotten so into debt with the War on Terror that we aren't worth as much (economically) anymore?

I wouldn't characterize either country as one based on any form of stability..the Us's war on Terror..vs Canadas war on drugs..
What other factors are contributing..i'm not sure but its defn worth a look see to gain more understanding if there is indeed any to be had.

 

[DerelictionOfSanity]

Come to think of it, I'd like to emigrate to Canada anyway.

The political climate tends to be nicer up here, by my standards anyway; the actual climate tends to be a bit cold in the winter.

 

[flavortang]

The political climate tends to be nicer up here, by my standards anyway; the actual climate tends to be a bit cold in the winter.

Yeah, I'm starting to get fed up with all the political, nationalist garbage going on down here.

 

[SensualCealy]

Hey hey from Canada!!

Was watching the news yesterday and they say OUR dollar should keep rising for about three months and then level off for a while. Don't remember why, I was too excited to know it will cost me less to buy money to go shopping in October! lol

Goooo Canadian economy!!

C

 

[rgraham666]

My own $0.02? Canada is a resource based economy and the U.S. is, or was, a manufacturing economy.

Canada still has lots of resources. The U.S. has been moving its manufacturing elsewhere for decades.

Canada's government has been careful to pay down its debt over that last decade or so. The U.S. government has been spending like sailors who haven't had shore leave in a year.

So what's happening is not surprising.

Canada shouldn't get too proud. We sell almost everything to the U.S. If the U.S. economy gets too weak, we're in trouble regardless of how strong our dollar is.

 

[Guest]

My own $0.02? Canada is a resource based economy and the U.S. is, or was, a manufacturing economy.

Canada still has lots of resources. The U.S. has been moving its manufacturing elsewhere for decades.

Canada's government has been careful to pay down its debt over that last decade or so. The U.S. government has been spending like sailors who haven't ha

I was catching up with an old friend about 11 years ago, and she was then getting her MBA. She was advocating moving all US Manufacturing overseas.

"What will we do then to create weath?" I asked.

In all seriousness, she parrotted her teachers, "We'll consult for the rest of the world."

I knew then we were doomed if this was what they were teaching business leaders of the future.

 

[McKenna]

For even more fun, compare the € to the US $. Oy.

 

[rgraham666]

I was catching up with an old friend about 11 years ago, and she was then getting her MBA. She was advocating moving all US Manufacturing overseas.

"What will we do then to create weath?" I asked.

In all seriousness, she parrotted her teachers, "We'll consult for the rest of the world."

I knew then we were doomed if this was what they were teaching business leaders of the future.

My favourite book on running a business made it very clear you do not hire MBAs. Well, maybe as janitors.

And my favourite writer characterizes business schools as 'Acting schools which train experts in abstract management methods to pretend they are capitalists.'

 

[Xelebes]

My own $0.02? Canada is a resource based economy and the U.S. is, or was, a manufacturing economy.

Canada still has lots of resources. The U.S. has been moving its manufacturing elsewhere for decades.

Canada's government has been careful to pay down its debt over that last decade or so. The U.S. government has been spending like sailors who haven't had shore leave in a year.

So what's happening is not surprising.

Canada shouldn't get too proud. We sell almost everything to the U.S. If the U.S. economy gets too weak, we're in trouble regardless of how strong our dollar is.

Almost right on the dot. The only thing missing is that since the US government is spending like a sailor on shore leave, the lenders are getting more apprehensive to the spending and are more inclined to raise interest rates on any further loans. Canada's lending rates are much lower because we haven't been borrowing much money at all in the last 10 years.

 

[Liar]

Meh. Line in the sand.

The size of a currency is irrelevant. (¥1=$0.0086, £1=$2.006)

Comparative change and the Big Mac index is what to go by.

 

[trysail]

Exchange Rates:

$2.021 =£1.00
$1.4074 = €1.000
$1.00= SFr. 1.174
$1.00= CNY 0.133 CNY 7.5015=$1.00
$1.00= HKD 0.128 HKD 7.7845=$1.00
$1.00= 25.057р.
$1.00= CAD 1.001
$1.00= R$1.861
$1.00= MXN 10.993
$1.00= NOK 5.520
$1.00= SEK 6.541

 

[gauchecritic]

Two things.

1. All Roxleby's far better off working classes are finding that their home ownership isn't quite the deal they were led to believe.

2. Somebody is making a shit load of money off the free falling dollar.

Hey! free falling dollar. Is that anything to do with the free market at all?

 

[Guest]

My own $0.02? Canada is a resource based economy and the U.S. is, or was, a manufacturing economy.

Canada still has lots of resources. The U.S. has been moving its manufacturing elsewhere for decades.

Canada's government has been careful to pay down its debt over that last decade or so. The U.S. government has been spending like sailors who haven't had shore leave in a year.

So what's happening is not surprising.

Canada shouldn't get too proud. We sell almost everything to the U.S. If the U.S. economy gets too weak, we're in trouble regardless of how strong our dollar is.

*awe*
You are incredibly intelligent.

 

[rgraham666]

*awe*
You are incredibly intelligent.

http://bestsmileys.com/blushing/7.gif Thank you.

 

[xssve]

So, what's the reason? American economic destability versus Canada's apparent inherent stability?

In other words, has the US gotten so into debt with the War on Terror that we aren't worth as much (economically) anymore?

No, the Fed controls the value of the dollar to certian extent by manipulating the money supply - more money in circulation, lower valuation, less money in circulation, higher valuation - i.e., every time inflation threatens, they cut back onthe money supply, it's how they ended the inflationary spiral inthe Seventies, and why the dollar was strong all during Reagans Tenure.

Also the reason behind the NASDAQ crash in 90 - a strong dollar depresses exports, a weak dollar boosts exports, as the price of gods rises or falls against other currencies. In the Eighties, the strong dollar killed steel and agricultural exports, farmer were commiting suicide.

In the Ninties, the domestic tech market had become saturated, adn tech firms were basing their earnings projections on European sales - exports.

The tight labor market however, combined with what he saw as "irrational exhuberance" in tech trades induced Greenspan to raise interest rates, cutting back on the money supply, this priced tech exports out of the European market, the projected earnings did not materialize, and the selloff was triggered when the heavier traders decided the bubble had run it's course, and extracted their value - a largre measure of which repreented investments by smaller, slower day traders.

Anyway, I believe the Fed is not raising the interest rate, and allowing he dollar to slide in order to boost agricultural exports, now mostly the province of corporate agribusiness, and possibly having somewhat to do with the subprime debacle: to raise the interest rate now and unleash reccesionary forces, might very well throw the economy into a complete tailspin as people are nervous, so they're putting up with more inflation than they normally would.

Just a theory, but there ya go.