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Anyone seen the exchange rate today?
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The CDN dollar is expected to overtake the US dollar in value. This is good for us cross-border shoppers. Lots of shit is just plain cheaper in the US and some stuff you just can't get up here, so with the dollar at par I can head down to Grand Forks or Fargo and get some cool shit and take the kids on a little road trip too. Plus you're now allowed to bring $400 in goods back without paying duty (fucking rip off - what ever happened to "free trade") if you stay in the US for at least 48 hours. Much better than it used to be.THIS SPACE FOR RENT
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I sent someone to speek to you guys worried about the market. He's very passionate and knowlegable..but mostly passionate..very passionate!!!
Maybe he could help..here he is Mr Cramer..http://youtube.com/watch?v=SWksEJQEYVU"Bill, Smoke a Bowl and Crank Van Halen I, Life is better when I do that"
Donnie Swanstrom 01/25/06..miss ya!
"Well, your friend would have Bell's Palsy, which is a facial paralysis, not "Balls Pelsy" like we're joking about here." Toejam's attempt at sensitivity.
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Originally posted by cookiemonster2 View PostThe US Federal Reserve Bank dropped their interest rate this week and our dollar goes on par. Thank-you Chairman Bernacke for making my next guitar or amp a little bit cheaper.
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80% od CDN business is done with the US, and 80% of that 80% involves a US parent and a CDN sub. For CDN people actually doing work, a high CDN dollar sucks. For CDNs living on welfare or working for the government, its a good thing. It all depends on perspective. All CDN contracts for export are in US$, so if you envision a country working for the government or living on welfare, you would happy now. You'd also be a commie.........
The US$ decline has more to do with the Capital Account of the US than the war. The Capital Account deficit is a result of the Clinton era, not the Bush era. It has resulted in the US over printing its money and increasing the supply of that money beyond what the market wants. The Us is fucked, but it has nothing to do with what people think it has to do with. It can be repaired, but it is not a quick fix...............
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Originally posted by outsider666 View PostA high Canadian dollar sucks for me, 'cause it means the US stops buying our lumber ........to make a long story short, with the dollar where it is I should be losing my job again right shortly.....YAAAAAYYYYY!!!!!!!!
Give us back our wood you fuckers!!
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Wow..I went to Niagra Falls with the family in 2000..the US dollar was worth approx. $1.25."Bill, Smoke a Bowl and Crank Van Halen I, Life is better when I do that"
Donnie Swanstrom 01/25/06..miss ya!
"Well, your friend would have Bell's Palsy, which is a facial paralysis, not "Balls Pelsy" like we're joking about here." Toejam's attempt at sensitivity.
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There was a point Bill, where it was around $1.40
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