$1.00 US is worth $0.98 CDN?

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Mesden

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#1 Mesden
Member since 2007 • 92 Posts

Wait does this mean the CDN economy sucks or the American economy sucks right now?

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Necrifer

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#2 Necrifer
Member since 2010 • 10629 Posts

This would mean the U.S. economy sucks more.

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194197844077667059316682358889

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#4 194197844077667059316682358889
Member since 2003 • 49173 Posts
It doesn't mean either; there is no reason to expect a one to one correspondence between the value of two different currencies
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lowkey254

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#5 lowkey254
Member since 2004 • 6031 Posts
It's always been like this. I can only remember one time in recent years where the Canadian dollar was worth more.Dylan_11
that is saying that the CND is worth more. It takes 1 USD to = .98 of a CDN.
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DeepSigh

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#6 DeepSigh
Member since 2011 • 456 Posts

U jelly?

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Dylan_11

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#7 Dylan_11
Member since 2005 • 11296 Posts
[QUOTE="Dylan_11"]It's always been like this. I can only remember one time in recent years where the Canadian dollar was worth more.lowkey254
that is saying that the CND is worth more. It takes 1 USD to = .98 of a CDN.

:O I need to go to America then!
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killerfist

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#8 killerfist
Member since 2005 • 20155 Posts
It's always been like this. I can only remember one time in recent years where the Canadian dollar was worth more.Dylan_11
This means the Canadian Dollar is worth more:P
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Gator08

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#9 Gator08
Member since 2006 • 1459 Posts

Exchange is always pro-usa i find. Even when our money (im Canadian) is technically worth more it always costs me more to pull out some american at the bank. messed up :(

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Verge_6

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#10 Verge_6
Member since 2007 • 20282 Posts

Dun dun DUUUUUUUUUUUUUUNNNNNN.

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LaytonsCat

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#11 LaytonsCat
Member since 2010 • 3652 Posts

It used to be about .62 CDN to a US 1. It also has been 1.12 CDN to 1 US. Right now its been moving around about two cents of even for about the past six months. It is due to the strong recession proof canadian economy and the weak US economy

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IcyToasters

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#12 IcyToasters
Member since 2007 • 12476 Posts

It usually seems to float around equal...

Never matters though; prices never really change, making lots of things more expensive here in Canada.

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lamprey263

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#13 lamprey263
Member since 2006 • 45418 Posts
it means the United States will become Canada's Mexico, people from Vancouver BC will be taking weekend road trips to Bellingham to get wasted and maybe catch a donkey show
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urfaceisanapkin

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#14 urfaceisanapkin
Member since 2010 • 84 Posts

It's just a periodic dip in the stock market... It doesn't mean much, and the U.S dollar will go up again soon. BTW I'm Canadian :)

Somewhat Related Note: Back in the 70's (I think it was that decade) the Canadian Dollar was worth signifigantly more than the American one :P

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lonewolf604

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#15 lonewolf604
Member since 2007 • 8748 Posts
it means the United States will become Canada's Mexico, people from Vancouver BC will be taking weekend road trips to Bellingham to get wasted and maybe catch a donkey showlamprey263
You got that right :D (Vancouver BC Resident) 8)
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urfaceisanapkin

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#16 urfaceisanapkin
Member since 2010 • 84 Posts

it means the United States will become Canada's Mexico, people from Vancouver BC will be taking weekend road trips to Bellingham to get wasted and maybe catch a donkey showlamprey263

HA!

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zeldaluff

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#17 zeldaluff
Member since 2008 • 3387 Posts

It usually seems to float around equal...

Never matters though; prices never really change, making lots of things more expensive here in Canada.

IcyToasters

There was while where people were told to pay the US price, but I think that's only when it was over $1.00. Doesn't seem to matter if it's around even though :(

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deactivated-5f9e3c6a83e51

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#18 deactivated-5f9e3c6a83e51
Member since 2004 • 57548 Posts

Many countries try to devalue their currencies to encourage exports and trade. Look at china. So it's hard to use the value of currency as a judge of a country's financial well being.

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deactivated-5f9e3c6a83e51

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#19 deactivated-5f9e3c6a83e51
Member since 2004 • 57548 Posts
it means the United States will become Canada's Mexico, people from Vancouver BC will be taking weekend road trips to Bellingham to get wasted and maybe catch a donkey showlamprey263
Canadians have already been doing that for years. They come down by the busload where I live to shop and hopefully avoid huge sales taxes they pay at home. This was back when the canadian dollar was still relatively low. A higher value of the loonie will only drive more people to cross the border as they get more purchasing power.
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194197844077667059316682358889

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#20 194197844077667059316682358889
Member since 2003 • 49173 Posts
it means the United States will become Canada's Mexico, people from Vancouver BC will be taking weekend road trips to Bellingham to get wasted and maybe catch a donkey showlamprey263
I saw a documentary about an incident in Washington state that suggests they may be going to exactly the right place for that
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Verge_6

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#21 Verge_6
Member since 2007 • 20282 Posts
it means the United States will become Canada's Mexico, people from Vancouver BC will be taking weekend road trips to Bellingham to get wasted and maybe catch a donkey showlamprey263
1) What's Mexico gonna become then? :P 2) Pretty sure people from Vancouver have been doing that for decades. ;)
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stevoqwerty

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#22 stevoqwerty
Member since 2006 • 4029 Posts

Hey 1USD = 0.98AUD too, even the land down under is richer than US too.

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michael582

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#23 michael582
Member since 2003 • 1064 Posts

[QUOTE="lamprey263"]it means the United States will become Canada's Mexico, people from Vancouver BC will be taking weekend road trips to Bellingham to get wasted and maybe catch a donkey showsonicare
Canadians have already been doing that for years. They come down by the busload where I live to shop and hopefully avoid huge sales taxes they pay at home. This was back when the canadian dollar was still relatively low. A higher value of the loonie will only drive more people to cross the border as they get more purchasing power.

ahhh, the advantage of living on a border city. 8)

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Ace6301

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#24 Ace6301
Member since 2005 • 21389 Posts
[QUOTE="lamprey263"]it means the United States will become Canada's Mexico, people from Vancouver BC will be taking weekend road trips to Bellingham to get wasted and maybe catch a donkey showsonicare
Canadians have already been doing that for years. They come down by the busload where I live to shop and hopefully avoid huge sales taxes they pay at home. This was back when the canadian dollar was still relatively low. A higher value of the loonie will only drive more people to cross the border as they get more purchasing power.

We technically have no sales tax now so now we get **** tax free in the states. HST kind of sucks but at the same time there's that advantage at least.
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Tim_Q

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#25 Tim_Q
Member since 2005 • 1963 Posts

[QUOTE="lamprey263"]it means the United States will become Canada's Mexico, people from Vancouver BC will be taking weekend road trips to Bellingham to get wasted and maybe catch a donkey showxaos
I saw a documentary about an incident in Washington state that suggests they may be going to exactly the right place for that

Don't worry, everyone in Washington hates Enumclaw too :P

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Fundai

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#26 Fundai
Member since 2010 • 6120 Posts

Thats right. GO CANADA GO CANADA GO CANADA

:P

It just meens people are realizing the US dollar aint worth as much as it used to

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Fundai

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#27 Fundai
Member since 2010 • 6120 Posts

[QUOTE="xaos"][QUOTE="lamprey263"]it means the United States will become Canada's Mexico, people from Vancouver BC will be taking weekend road trips to Bellingham to get wasted and maybe catch a donkey showTim_Q

I saw a documentary about an incident in Washington state that suggests they may be going to exactly the right place for that

Don't worry, everyone in Washington hates Enumclaw too :P

Actually, its true, we all go tou your country to buy cheap stuff for less money than hear, or to get wasted.

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sonofsmeagle

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#28 sonofsmeagle
Member since 2010 • 4317 Posts

Hey 1USD = 0.98AUD too, even the land down under is richer than US too.

stevoqwerty
well we can shop that up to a our HUGE amounts of Iron ore and all other mining, Also Australia's economy might be smaller but its extremely strong seeing as we were the only western country not to go into rescession :)
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Fundai

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#29 Fundai
Member since 2010 • 6120 Posts

[QUOTE="stevoqwerty"]

Hey 1USD = 0.98AUD too, even the land down under is richer than US too.

sonofsmeagle

well we can shop that up to a our HUGE amounts of Iron ore and all other mining, Also Australia's economy might be smaller but its extremely strong seeing as we were the only western country not to go into rescession :)

But Its been agreed that we (canada) have the worlds strongest and most stable banking system.:D Weve been praised by everyone on how well we handled the resecion, despite our economy so deeply tied to america

also, i never hear australia didnt go into resecion? Link plz? Not that I doubt you, but i want to see a read on that

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sonofsmeagle

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#30 sonofsmeagle
Member since 2010 • 4317 Posts
[QUOTE="Fundai"]

[QUOTE="sonofsmeagle"][QUOTE="stevoqwerty"]

Hey 1USD = 0.98AUD too, even the land down under is richer than US too.

well we can shop that up to a our HUGE amounts of Iron ore and all other mining, Also Australia's economy might be smaller but its extremely strong seeing as we were the only western country not to go into rescession :)

But Its been agreed that we (canada) have the worlds strongest and most stable banking system.:D Weve been praised by everyone on how well we handled the resecion, despite our economy so deeply tied to america

also, i never hear australia didnt go into resecion? Link plz? Not that I doubt you, but i want to see a read on that

http://www.amwu.org.au/read-article/news-detail/454/Why-was-Australia-the-only-OECD-country-that-did-not-go-into-recession/ http://www.abc.net.au/worldtoday/content/2008/s2587934.htm just a couple links i found
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coolbeans90

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#31 coolbeans90
Member since 2009 • 21305 Posts

I'm not entirely certain that means anything. I think that the change of value over time of the currencies relative to each other be a far better rubric to even begin speculation.

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Ringx55

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#32 Ringx55
Member since 2008 • 5967 Posts

[QUOTE="sonicare"][QUOTE="lamprey263"]it means the United States will become Canada's Mexico, people from Vancouver BC will be taking weekend road trips to Bellingham to get wasted and maybe catch a donkey showmichael582

Canadians have already been doing that for years. They come down by the busload where I live to shop and hopefully avoid huge sales taxes they pay at home. This was back when the canadian dollar was still relatively low. A higher value of the loonie will only drive more people to cross the border as they get more purchasing power.

ahhh, the advantage of living on a border city. 8)

Gotta love the freedom 8)
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_R34LiTY_

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#33 _R34LiTY_
Member since 2008 • 3331 Posts

$1 today is worth about $0.04

$1 back in 1913 was about $1.00

lol the dollar is a sunken ship

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topsemag55

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#34 topsemag55
Member since 2007 • 19063 Posts

Wait does this mean the CDN economy sucks or the American economy sucks right now?

Mesden

No, that's a generalization.:P

It means the US Dollar will go back up in value once the Federal Reserve stops its insanity.

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mywalletsgone

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#35 mywalletsgone
Member since 2010 • 1344 Posts

[QUOTE="Fundai"]

[QUOTE="sonofsmeagle"] well we can shop that up to a our HUGE amounts of Iron ore and all other mining, Also Australia's economy might be smaller but its extremely strong seeing as we were the only western country not to go into rescession :)sonofsmeagle

But Its been agreed that we (canada) have the worlds strongest and most stable banking system.:D Weve been praised by everyone on how well we handled the resecion, despite our economy so deeply tied to america

also, i never hear australia didnt go into resecion? Link plz? Not that I doubt you, but i want to see a read on that

http://www.amwu.org.au/read-article/news-detail/454/Why-was-Australia-the-only-OECD-country-that-did-not-go-into-recession/ http://www.abc.net.au/worldtoday/content/2008/s2587934.htm just a couple links i found

While it's true that Australia avoided the brunt of what is now known as the global economic recession, before 2009, Australia's economy contracted by 1% of GDP pre 2009. The only economy who fared better pre 2009 was Poland (contraction of 0.40% of GDP), who also avoided recession and were the only EU member state to do so.

In terms of the topic, I'd still rather be a Kuwaiti national going to the U.S with their currency =]

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Fightingfan

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#36 Fightingfan
Member since 2010 • 38011 Posts

Must be from all the bacon and syrup exports.

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yachtboy

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#37 yachtboy
Member since 2003 • 1612 Posts
I can tell you what it means: It means this spring break when I spent a week in Canada (I really did) I spent a lot more than I would have a few years ago.... I was pretty pissed off when I noticed the exchange rate....
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Fundai

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#38 Fundai
Member since 2010 • 6120 Posts

Most be from all the bacon and syrup exports.Fightingfan

Dont forget hockey equipment :P