$1.00 usd = $1.29 cdn ? - GoFuckYourself.com

Mutt · 03-03-2009, 11:18 AM

i don't get it - why? the US economy is in a free fall, why has the Canadian dollar fallen so far?

MetaMan · 03-03-2009, 11:19 AM

Canada is deflating the dollar in hopes to prop up manufacturing exports to the usa while oil prices are low.

Mutt · 03-03-2009, 11:21 AM

hey that sounds pretty reasonable and educated

Brad Gosse · 03-03-2009, 11:21 AM

It's because investors are betting that the US will lead the world in recovery. Other currencies are down too but the USD is staying strong.

http://money.cnn.com/2009/03/02/mark...buzz/index.htm

qwe · 03-03-2009, 11:23 AM

because Canada mostly about oil/energy and that sector is getting killed... once oil prices will start to rise CAD will get stronger vs USD

WarChild · 03-03-2009, 11:24 AM

Quote:

Originally Posted by Brad Gosse

It's because investors are betting that the US will lead the world in recovery. Other currencies are down too but the USD is staying strong.

http://money.cnn.com/2009/03/02/mark...buzz/index.htm

It's a pretty safe bet really. The US will probably be the first out of recession.

Ross · 03-03-2009, 12:30 PM

In July the 1GBP was 2USD. Its now 1GBP is 1.4USD. Can't believe the drop. Its good for me, earning more in my own currency is always a good thing

pornguy · 03-03-2009, 12:34 PM

I am getting here in Mexico 1:15.33

For every dollar I get 15.33 pesos.

the Shemp · 03-03-2009, 12:41 PM

a low C$ is a good thing...

StuartD · 03-03-2009, 12:42 PM

Just like the answer to why Bush invaded Iraq..... oil!

http://www.nationalpost.com/story.html?id=1194590
http://www.financialpost.com/story.html?id=879941
http://economics.about.com/od/prices...nd_dollars.htm
http://www.bloomberg.com/apps/news?p...Y&refer=canada

MetaMan · 03-03-2009, 12:42 PM

Quote:

Originally Posted by Mutt

hey that sounds pretty reasonable and educated

im not just a pretty face.

Scott Jack · 03-03-2009, 12:45 PM

Quote:

Originally Posted by the Shemp

a low C$ is a good thing...

At least for us Canadians who get paid in US dollars.

03-03-2009, 12:46 PM

Because USA > Canada. :P

I kid.

$5 submissions · 03-03-2009, 12:49 PM

A bit OT but Canada seems to be doing a good job (for the time being) of avoiding bank failures. Definitely a good sign for Canada.

MetaMan · 03-03-2009, 12:57 PM

Quote:

Originally Posted by $5 submissions

A bit OT but Canada seems to be doing a good job (for the time being) of avoiding bank failures. Definitely a good sign for Canada.

there is no money to loan in canada, its all goes to lazy french fucks.

Drake · 03-03-2009, 01:05 PM

Quote:

Originally Posted by Brad Gosse

It's because investors are betting that the US will lead the world in recovery.

That's my bet, too.

seeandsee · 03-03-2009, 01:28 PM

it's called pushup effect

Doctor Dre · 03-03-2009, 02:05 PM

The canadian economy is fine, since we have the strongest bank system in the world right now, but our dollar's strenght is based on oil price mainly.

Doctor Dre · 03-03-2009, 02:06 PM

Quote:

Originally Posted by $5 submissions

A bit OT but Canada seems to be doing a good job (for the time being) of avoiding bank failures. Definitely a good sign for Canada.

Our banks dont have any problems, the only mistakes they made was getting involved in the US papermarket, but we don't have any CDs or subprimes here. A recent research named canada's bank system the least likely to fail in the world.

Kenny B! · 03-03-2009, 02:15 PM

CND follows oil, but in reality the can$ should be one of the strongest in the world right now, we have the most stable banks, had (i repeat had) a balanced budget and not as much debt as the US.

Reak AGV · 03-03-2009, 02:52 PM

The canadian dollar follows the oil.. thats no brainer.

Itchy · 03-03-2009, 03:02 PM

Quote:

Originally Posted by MetaMan

there is no money to loan in canada, its all goes to lazy french fucks.

03-03-2009, 11:18 AM	#1
Mutt Too lazy to set a custom title Industry Role: Join Date: Sep 2002 Posts: 34,431	$1.00 usd = $1.29 cdn ? i don't get it - why? the US economy is in a free fall, why has the Canadian dollar fallen so far? __________________ I moved my sites to Vacares Hosting. I've saved money, my hair is thicker, lost some weight too! Thanks Sly!

03-03-2009, 11:21 AM	#3
Mutt Too lazy to set a custom title Industry Role: Join Date: Sep 2002 Posts: 34,431	hey that sounds pretty reasonable and educated __________________ I moved my sites to Vacares Hosting. I've saved money, my hair is thicker, lost some weight too! Thanks Sly!

03-03-2009, 11:21 AM	#4
Brad Gosse Confirmed User Join Date: Jan 2002 Location: Carpal Tunnel Posts: 2,616	It's because investors are betting that the US will lead the world in recovery. Other currencies are down too but the USD is staying strong. http://money.cnn.com/2009/03/02/mark...buzz/index.htm __________________ Free Clipart

03-03-2009, 12:34 PM	#8
pornguy Too lazy to set a custom title Industry Role: Join Date: Mar 2003 Location: Homeless Posts: 62,912	I am getting here in Mexico 1:15.33 For every dollar I get 15.33 pesos. __________________ PornGuy skype me pornguy_epic AmateurDough The Hottes Shemales online! TChicks.com \| Angeles Cid \| Mariana Cordoba \| MAILERS WELCOME!

03-03-2009, 12:41 PM	#9
the Shemp congrats to the winners Industry Role: Join Date: Nov 2001 Location: Echo Beach Posts: 10,891	a low C$ is a good thing... __________________ i use Vacares...so should you Submit your picture galleries to my site...Outlaw TGP

03-03-2009, 11:19 AM	#2
MetaMan I AM WEB 2.0 Industry Role: Join Date: Jan 2003 Posts: 28,682	Canada is deflating the dollar in hopes to prop up manufacturing exports to the usa while oil prices are low.

03-03-2009, 11:23 AM	#5
qwe Confirmed User Join Date: Jul 2003 Posts: 2,109	because Canada mostly about oil/energy and that sector is getting killed... once oil prices will start to rise CAD will get stronger vs USD

03-03-2009, 12:30 PM	#7
Ross Ik ben een aap Industry Role: Join Date: Sep 2002 Location: Traffic Force Towers, Canada! Posts: 18,874	In July the 1GBP was 2USD. Its now 1GBP is 1.4USD. Can't believe the drop. Its good for me, earning more in my own currency is always a good thing

03-03-2009, 12:42 PM	#10
StuartD Sofa King Band Join Date: Jul 2002 Location: Outside the box Posts: 29,903	Just like the answer to why Bush invaded Iraq..... oil! http://www.nationalpost.com/story.html?id=1194590 http://www.financialpost.com/story.html?id=879941 http://economics.about.com/od/prices...nd_dollars.htm http://www.bloomberg.com/apps/news?p...Y&refer=canada __________________ This is me on facebook This is me on twitter

03-03-2009, 12:46 PM	#13
Killswitch - BANNED FOR LIFE Guest Posts: n/a	Because USA > Canada. :P I kid.

03-03-2009, 12:49 PM	#14
$5 submissions I help you SUCCEED Industry Role: Join Date: Nov 2003 Location: The Pearl of the Orient Seas Posts: 32,195	A bit OT but Canada seems to be doing a good job (for the time being) of avoiding bank failures. Definitely a good sign for Canada. __________________ Need a NON-ADULT income stream? We build your YOUTUBE CHANNEL for only $20 per video! For Hire: $3/hour or $400 per month Marketing Specialist Virtual Assistants

03-03-2009, 01:28 PM	#17
seeandsee Check SIG! Industry Role: Join Date: Mar 2006 Location: Europe (Skype: gojkoas) Posts: 50,945	it's called pushup effect __________________ BUY MY SIG - 50$/Year Contact here

03-03-2009, 02:15 PM	#20
Kenny B! Confirmed Abuser Industry Role: Join Date: Jun 2003 Location: Montreal Posts: 5,716	CND follows oil, but in reality the can$ should be one of the strongest in the world right now, we have the most stable banks, had (i repeat had) a balanced budget and not as much debt as the US. __________________ Kenny -at- YourPaysitePartner.com Skype: kennyb514 Do business with us: Your Paysite Partner Kenny's Pennies Sticky Dollars Radical Cash Indie Bucks Stand Ahead Read My Ambush Interview Here

03-03-2009, 02:52 PM	#21
Reak AGV Confirmed User Join Date: Dec 2004 Location: Unknown Posts: 4,283	The canadian dollar follows the oil.. thats no brainer. __________________ Need Mainstream Content and SEO? SEO * Website Copy * Blogs Blogging - PR Work - Forum Marketing - Social Marketing - Link building - Articles 100% Guaranteed Content!