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

kami

kami

Lifer
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.
 
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.
 
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.
 
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.
 
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.
 
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.
 
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. . . .
 
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...
 
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.
 
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
 
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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