R.I.P. Loonie

[fuji]

Only buys 0.77 US Dollar today.

 

[Mr Deeds]

Its been worse

 

[herbnessman]

R.I.P.? Was it announced that we are doing away with the Canadian dollar? Adopting the euro?

 

[wilbur]

Some people think about how much more expensive their holiday is going to be, or how much more money their cross-border shopping tour is going to cost. Others think about how much more they will export because of the cheaper value of our currency, making us more competitive on the world markets, resulting in more production, more profits and more jobs created.

 

[spaman]

I paid 1.32 on tues. wtf

 

[thailover]

does anyone remember back in the mid-late 90s when the dollar was hovering around 60-65c
of course not Chretien/liberal era and we all know liberal policies can do no wrong
our dollar for the past 4 decades has been influenced by the strong natural resouces & high oil prices,right now oil is cheaper(barrell wise)=low CDN$
will it bounce back--probably,everything is curcular

 

[sashimi]

Let's hope this does not deter talented K-SPs from coming here.

 

[Ceiling Cat]

does anyone remember back in the mid-late 90s when the dollar was hovering around 60-65c
of course not Chretien/liberal era and we all know liberal policies can do no wrong
our dollar for the past 4 decades has been influenced by the strong natural resouces & high oil prices,right now oil is cheaper(barrell wise)=low CDN$
will it bounce back--probably,everything is curcular

I did my cross border shopping when the loonie was at par.

 

[fuji]

This guy says it is heading to 55 cents:

http://www.ctvnews.ca/business/how-low-can-the-loonie-go-55-cents-us-says-one-expert-1.2486200

 

[rhuarc29]

of course not Chretien/liberal era and we all know liberal policies can do no wrong

You invalidated everything else you said with that opinionated statement.

 

[GPIDEAL]

This guy says it is heading to 55 cents:

http://www.ctvnews.ca/business/how-low-can-the-loonie-go-55-cents-us-says-one-expert-1.2486200

Well, if we continue on current trends and truly get into a full-blown recession, it certainly will dip more.

 

[GPIDEAL]

You invalidated everything else you said with that opinionated statement.

Lol.

 

[basketcase]

Well, if we continue on current trends and truly get into a full-blown recession, it certainly will dip more.

As was mentioned, being a significantly export economy, the low dollar is more likely to spike a boom.

 

[nottyboi]

It really is more a US Dollar strength issue then a CAD collapse. Just avoid the USA, all other places are cheaper or the roughly the same. The UKP has also risen as has the pegged Yuan.

 

[GPIDEAL]

As was mentioned, being a significantly export economy, the low dollar is more likely to spike a boom.

Right! It's not the first time Canada had a low dollar. Let's hope so.

 

[Smallcock]

This guy says it is heading to 55 cents:

http://www.ctvnews.ca/business/how-low-can-the-loonie-go-55-cents-us-says-one-expert-1.2486200

Predictions like this are almost always wrong.

 

[nottyboi]

Predictions like this are almost always wrong.

Remember all that "peak oil" rubbish? How soon we forget.

 

[WoodPeckr]

This guy says it is heading to 55 cents:

http://www.ctvnews.ca/business/how-low-can-the-loonie-go-55-cents-us-says-one-expert-1.2486200

I fondly recall the 90s when that was the case. Miss those days.
Back then we routinely converted 100 USD to get 150 CAD!
Best rate I ever got back then was when 100 USD got me 164 CAD!

Hobby life was good back then.....:thumb:

 

[plumber2]

There is a solution

Its been worse

Make more usd as an investment tool

Make more US dollars and convert them for more cad dollars. Boom

 

[fuji]

Predictions like this are almost always wrong.

Predicting currency shifts is basically gambling but it if oil prices stay low it might get there.