jesseps Posted September 15, 2007 Share Posted September 15, 2007 We are almost equal too, the US$ again. How do you feel about the Loonie nearing the 1$ mark? Quote Link to comment Share on other sites More sharing options...
JCC-Fromthere Posted September 15, 2007 Share Posted September 15, 2007 It's a good thing. Will force our industries to invest in equipment if they want to stay competitive as opposed to just coasting on a cheap dollar. If we could bring our productivity to 90% of the US's, that would be incredible. Should be good for the economy in the mid-term. Will most likely cool down the Canadian manufacturing exports in the short term. But since resources are the major driver right now, should not be a problem. Once the U.S. economy recovers (could be a recession next year), you will see the USD gaining back. Quote Link to comment Share on other sites More sharing options...
MTLskyline Posted September 15, 2007 Share Posted September 15, 2007 Nice time for us to import things, but its going to get real bad for exports... Detroit will probably close some more auto plants in Ontario.. Quote Link to comment Share on other sites More sharing options...
jesseps Posted September 15, 2007 Author Share Posted September 15, 2007 Once the U.S. economy recovers (could be a recession next year), you will see the USD gaining back. If and when that happens, how much do you think the CDN$ be worth? Quote Link to comment Share on other sites More sharing options...
JCC-Fromthere Posted September 16, 2007 Share Posted September 16, 2007 If and when that happens, how much do you think the CDN$ be worth? Well, that's a big guess. Currency value is reflective of overall economic strenght. So many things can happen in 3-5 years that whomever pretends that they know where the dollar is going, is pulling your leg. However, a few key pieces of information can help you judge it for yourself: - Canada's economy, although diversified, is mainly resources based. If you believe that there will be increased demand for those resources (think oil and minerals in the US and China), it is likely to sustain a high Cdn dollar - If you believe that the Cdn productivity is still going to lag the same way it does now, that is a strong force in keeping the Cdn dollar down. Personally, I have taken my money out of the U.S. and I am bullish on Canada. Seems that the 2 economic cycles have started to lose their sync lately (i.e. no recession in Canada in 2001 while there was one in the US. No drop in realestate in Cdn while there is one in the US) Quote Link to comment Share on other sites More sharing options...
jesseps Posted September 18, 2007 Author Share Posted September 18, 2007 We hit 0.9802 at around 11am today whoa. I wonder how bad this would be for economy, if someway or another the dollar was equal to the GBP. I was reading something before. We are still paying a lot for many things. It would be nice if prices for many things would go down for once. It's amazing how the Canadian Dollar is just about even with the American dollar, but we still pay more for everything like we did back when the dollar was in the 60 cent range. What's up with that? Some of these businesses need to realise that jsut because we are Canadians, does not mean we are stupid! Bring your prices down to match the dollar! (Courtesy of CTV) Quote Link to comment Share on other sites More sharing options...
WestAust Posted September 18, 2007 Share Posted September 18, 2007 businesses don't change their prices overnight, and we've seen many prices go down but I agree we still pay more for certain things (especially cars) Quote Link to comment Share on other sites More sharing options...
Cataclaw Posted September 18, 2007 Share Posted September 18, 2007 Make that 0.0140$ left to go... CAD at 0.9860$ as of 3:20pm EST EDIT: 3:24pm -- make that 0.9871$ Wow CAD is skyrocketing as we speak Quote Link to comment Share on other sites More sharing options...
jesseps Posted September 18, 2007 Author Share Posted September 18, 2007 businesses don't change their prices overnight, and we've seen many prices go down but I agree we still pay more for certain things (especially cars) I know what you mean by the car aspect. A while back I did a comparison between the cost of the Lexus LX470 in Canada and the US. The difference was over $30k CDN. It is honestly insane. Quote Link to comment Share on other sites More sharing options...
Administrator mtlurb Posted September 18, 2007 Administrator Share Posted September 18, 2007 Le huard fait une victime Dernières nouvelles [ Économie et affaires ] – États-UnisLa Fed baisse son taux [ Société ] – Santé mentaleVive le jeu! [ Science et santé ] – MédecineLa fin des stéthoscopes approche-t-elle? Photo: Corbeilbus.ca La seule usine de Saint-Lin-Laurentides dans Lanaudière, les Entreprises Michel Corbeil, ferme ses portes. Ce sont 205 travailleurs qui perdent leur emploi. Son PDG, Camille Chartrand, explique que son entreprise qui assemble des autobus scolaires n'est plus compétitive face à ses concurrents américains. La forte augmentation de la valeur du dollar canadien en serait la principale cause. Il admet aussi que la demande pour des autobus scolaires a baissé. Entreprises Michel Corbeil a été pendant plusieurs années l'un des principaux assembleurs d'autobus scolaire pour le Canada et les États-Unis. Quote Link to comment Share on other sites More sharing options...
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