1 Usd = 1.018 Cdn
 

Thats what the bank rate is today, thats the lowest I have ever changed money over at.

The US is in for a world of hurt when inflation catches up. The USD is fucked! I smell recession around the corner for the US too.

the same here :(

wow thats just brutal!

Nothing better to do... ^^
 

Bank of Canada

Tuesday, September 11

0.9587 CND Vs. 1.0000 USD

Well it might be 0.9800 CDN very soon...

http://www.bank-banque-canada.ca/en/rates/exchange.html

:banana:banana

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See thats all good an dandy if Banks bought at the actual rate.
I got EXACTLY! 1.018 CDN for every USD at 3:40PM CST at an actual bank.

BoC and real bank rates are very different, so your rate does sound believable.

The good ole days are long gone

wowwww that is definitely alarming

Does anyone have any contacts at aol?
 

oops... wrong button.

July 24/25th had a lower point though yup it is going down...

you called it, recession is near.

Thats cause they love printing all that funny money.

Time to start charging in Euro's and CDN Dollars.
WG

and yet the average canuk makes less than US counterparts...AND prices are higher...good check McD meal for example....

Thats because the US is long overdue for a huge inflation increase.

4 years ago the prices kinda worked out, but now the US dollar isn't worth the paper its printed on.
I kinda can't wait for inflation to hit the US, but then once that happens it would probably be a depression.

The US could reverse the trend by raising interest a bit to make their currency look a little more interesting, but because of the mortgage sub-prime situation, they can't really raise the rates, which is putting tremendous negative pressure on the US dollar.

The US government is also not in a rush to prop up the dollar, because the current low value of the US dollar makes most imports much more expensive. That means that it is cheaper to produce or manufacture goods within the US, which helps to contribute to fuller employment. The one asterix to that is the chinese yuan renminbi, which is pretty much hard pinning to the US dollar, which means that the cost of Chinese imports hasn't moved, making them cheaper than almost every other source in the world.

The US trade deficit with China for July was 28.3 BILLION dollars... almost a record. But with the dropping US dollar, exports have picked up:

http://afp.google.com/article/ALeqM5...5SED2LaIQG7aBg

For anyone outside of the US getting paid in US dollars, things pretty much suck. At the point where the US dollar hots 1:1 with the Canadian dollar, those of us north of the border will be looking at 40-50% less earnings on exchange rate differences alone compared to 5 years ago, and about 20% since the end of 2005.

The expectation in fact is next week for the Feds to cut the rate. Which why the stock market had a bounce today

all ready done ...

said so a few months ago...

Bush needs to be beheaded... worst president in U.S history!

Yup, and cutting the interest rate in theory will ease the credit crunch, but it will once again put MORE pressure on the US dollar downwards.

One of the thing that most people forget it that you need to look at the stock market in relative values. With the US dollar dropping, all US based investments are losing money. The Dow would have to go up an additional 30-40% just to recoup the net worth loss in the US dollar. Effectively, you would need a Dow 17,000 to be the same as Dow 13,000 was 5 years ago, ignoring any inflation in between those points.

I am sure that some people are concerned that a Japanese style bubble pop may be in the US future.

If possible I recommend getting a USD bank account or an account in the U.S. and even look into an online high interest savings account. They pay up to 5% now.

Wow, this is from my local currency exchange:

USD 1.0310

For my NY trip in June, it was 1.076?
For my Cali trip last month, it was 1.05x?

doesn't change the value of the dollar ...

A few months ago, when the US went down to about 1.25 $Can, some brilliant poster here said I was dumb because I was cashing in as it came in ... He said I should keep it in a US account for when it goes back up .... :1orglaugh:1orglaugh:1orglaugh

For us affliate guys in the UK its not good at all for a $40 signup we only make £19

geez.. that sucks for us

There is nothing wrong with a high Canadian Dollar... ^^

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