Canadians - now is the time to buy stuff from the US!

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kami

kami

Lifer
Oct 9, 1999
17,627
5
81
The Canadian dollar is at 80.5 cents US right now, the highest in over a decade I think. Some people think it may hit 90 cents US soon, but either way it's an awesome time to buy stuff from down south. I remember not too long ago when our dollar was like 68 cents!!!

Bad for us ebayers though as we get less money in the long run.
 
jpeyton

jpeyton

Moderator in SFF, Notebooks, Pre-Built/Barebones
Moderator
Aug 23, 2003
25,375
142
116
I'm George Dubya Bush and I approve this message.
 
D

desy

Diamond Member
Jan 13, 2000
5,446
214
106
It was 63 cents a year and a half ago.
Why the change?
1 our dollar was undervalued by about 10 cents
2 US deficit spending is scaring the crap outa wall street and the IMF, World bank etc, and
3 rising energy prices favour us as energy exporters.
 
C

cyclistca

Platinum Member
Dec 5, 2000
2,885
11
81
It's also due to the uncertainty over who is going to win the elections in the States. Once that's over I bet the value of the Canadian dollar will start going down.
 
silverpig

silverpig

Lifer
Jul 29, 2001
27,703
12
81
It's not just going up against the USD, it's going up against all world currencies. Check out x-rates (x-rates... it's not a bad site heh) and look at some of the graphs. They all look the same really with the CAD going up against the other major currencies.
 
silverpig

silverpig

Lifer
Jul 29, 2001
27,703
12
81
Originally posted by: cyclistca
It's also due to the uncertainty over who is going to win the elections in the States. Once that's over I bet the value of the Canadian dollar will start going down.
Click to expand...

This has been a trend for a long time now though. It was over a year ago that it started it's run and broke 70 cents from 63.
 
R

RbSX

Diamond Member
Jan 18, 2002
8,351
1
76
Originally posted by: cyclistca
It's also due to the uncertainty over who is going to win the elections in the States. Once that's over I bet the value of the Canadian dollar will start going down.
Click to expand...

Or it's about the 63,000 jobs created in Canada in the last quarter compared to the 23,000 created in the USA.

Don't flatter yourself.. it's not all about you.
 
D

desy

Diamond Member
Jan 13, 2000
5,446
214
106
Well , thanks I guess. . .
It isn't all good, as a country that exports 1/3 of its economy, mostly to the US it now makes us less competative without produtivety gains.
There is lots of room for improvement there, its just that cause its rocketed so fast industry will have a lag period and potentially even failures disrupting 'normal' business.
A 20 rise say over 5yrs woulda been nicer. . . .
 
silverpig

silverpig

Lifer
Jul 29, 2001
27,703
12
81
Originally posted by: RyanSengara
Originally posted by: cyclistca
It's also due to the uncertainty over who is going to win the elections in the States. Once that's over I bet the value of the Canadian dollar will start going down.
Click to expand...

Or it's about the 63,000 jobs created in Canada in the last quarter compared to the 23,000 created in the USA.

Don't flatter yourself.. it's not all about you.
Click to expand...

Cyclista is from Vancouver...
 
H

Hanpan

Diamond Member
Aug 17, 2000
4,812
0
0
Broke 82 Cents today.

Linky

As someone who lives in canada but has a fair number of american assets, this is certainly a double edged sword. Futhermore it seems some disparity still excists. I used to be able to get newegg type prices on Computer items but now ususally look at 5-7% more. And don't get my started on Dell.
 
A

Aquaman

Lifer
Dec 17, 1999
25,054
13
0
I've been transfering funds to my US account :) I use it for holidays :)

I think the US dollar will strengthen after the election though.

Cheers,
Aquaman
 
Phoenix86

Phoenix86

Lifer
May 21, 2003
14,644
10
81
Canada... OK, over here we have the tanks, and here are some shiney new submarines. :evil:
 
Eug

Eug

Lifer
Mar 11, 2000
24,099
1,741
126
Now is the time to buy stuff from the US... except that Canada customs is on strike. :p
 
B

BullyCanadian

Platinum Member
May 4, 2003
2,026
0
71
Originally posted by: Aquaman
I've been transfering funds to my US account :) I use it for holidays :)

I think the US dollar will strengthen after the election though.

Cheers,
Aquaman
Click to expand...


Actually its been projected to hit 90 cents and still climb a little for atleast another year from now
 
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