nature boy
Member
I guess it's good for us Euro-folks travelling to Canada, even though the US dollar is still king.
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Canadian Dollar discussion thread
- Thread starter PumpkinSpice
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vpance
Member
SweetTeddie
Member
Outside of buying crap is this really that horrible? Making Canadian labour cheaper seems like a plus for attracting jobs. Too bad most of the auto industry is leaving Ontario for Mexico.
It doesn't help either that the financial minister's tone whenever he's on television is so untrustworthy and robotic.
perfectchaos007
Member
USD/CAD
$1USD = $1.30 CAD. Time to vacation to Canada!
$1USD = $1.30 CAD. Time to vacation to Canada!
vpance
Member
We make a lot of our own food but something like half of the food that's imported comes from the US.
lastplayed
Member
You'll be approaching 1:1 with the NZ dollar soon, where games are $120!
Yea but you guys earn more.
Seriously, at this rate I hope there's some heavy, incredibly illegal corruption shit that leaks out and sticks to Harper and he goes to jail just to guarantee that he won't be voted back as PM.
Don't forget the fact that farmers are literally paid to throw away perfectly good food to create artificial demand and keep prices high.
Don't forget the fact that farmers are literally paid to throw away perfectly good food to create artificial demand and keep prices high.
Buba Big Guns
Banned
The dollar sucks hot shit, and has ruined all my travel plans. And yes I do blame Harper for going all in on oil and not diversifying the economy.
Just one of many many reasons why he needs to go asap.
Just one of many many reasons why he needs to go asap.
I want to slap the shit out of whoever wrote this and approved it
AlphaTwo00
Member
lowered purchasing power because wages isn't rising should tell you that it affects everyone.
PumpkinSpice
Banned
I wish. I get some stock money occasionally in American bucks, but it doesn't make up for lost purchasing power elsewhere.
Nova Scotia in the fall is pretty nice. So many maple trees in Halifax all turn to shades of red/orange/yellow.
Theoretically, if we wait enough time for brand new factories to be built, this would benefit low skill factory workers and help increase exports. For most of us? We're getting fucked over. It's like taking a pay cut.
I forgot to mention that if you have any particularly valuable games now is a good time to start selling them. That copy of Earthbound or Suikoden 2 will now fetch an extra 30% after conversion back from USD on ebay.
Extra Sauce
Member
Conservative politicians sure know how to wreck an economy.
It hasn't affected me much personally just yet but it is kind of annoying just how expensive videogames are right now. 30% increase is nothing to sneeze at - if you are on a finite budget that means buying 2 games instead of potentially 3 games.
On the plus side, steam is priced in canadian dollars now and sometimes certain games are priced at parity.
This is a real problem for people on a small fixed income though , 100$ of groceries last year is now 140$ of groceries , where do you get that 40$ from ? it's not like a welfare cheque goes up just because the dollar goes down.
On the plus side, steam is priced in canadian dollars now and sometimes certain games are priced at parity.
This is a real problem for people on a small fixed income though , 100$ of groceries last year is now 140$ of groceries , where do you get that 40$ from ? it's not like a welfare cheque goes up just because the dollar goes down.
Doubt it'll hit parity if that is what you're asking. Buy local, it's better for everyone and for your wallet.
TalkingToast
Member
Just got my credit card statement from Comixology, a charge for 44.55 on CMX, which I guess lists in American funds, cost me 57.55 Canadian. Was so shocked to see my bill 20 dollars more than I thought it would be. Ugh.
PumpkinSpice
Banned
Figured I'd bump this for the new 11 year low, settling into 75cents US.
Oil also still hasn't found a bottom, now at $38 per barrel. Guess we're just going to continue getting dragged down with it.
Oil also still hasn't found a bottom, now at $38 per barrel. Guess we're just going to continue getting dragged down with it.
perfectchaos007
Member
That's pretty bad when you consider the US Dollar lost about 2% to the Euro today. I can't imagine how bad the Canadian dollar fared vs. the Euro today.
Not if we vote out Harper and the Conservatives!
NotTheGuyYouKill
Member
Is there any hope
What's the real reason for the huge price gain of milk, eggs, beef, pork, bread etc. All or the vast majority of it is made in Canada. The dollar should not have that huge of an impact. There has to be other stronger factors affecting price. Also, the Canadian dollar in 2000 was low too. Similar to now was it not? That would prove my point the dollar has little to do with rising food costs.
Edit: I just checked. In 2000 the cdn was at 67 cents. that picture is misleading.
Edit: I just checked. In 2000 the cdn was at 67 cents. that picture is misleading.
PumpkinSpice
Banned
Eggs and dairy are protected industry so other than the drought in the west I can't think of a dollar related reason for them to be increasing.
For everything else, exporting makes more money and California is on fire so food prices are increasing in the US, making food exports especially lucrative.
Edit: Oh you meant the OP pic. Yeah most of that is inflationary, I included it for demonstrative purposes, since food is actually getting more expensive.
For everything else, exporting makes more money and California is on fire so food prices are increasing in the US, making food exports especially lucrative.
Edit: Oh you meant the OP pic. Yeah most of that is inflationary, I included it for demonstrative purposes, since food is actually getting more expensive.
killer rin
Member
Last I checked, it takes ~5-10 Years for an economic policy to begin taking effect. What you are seeing now is all Harper.
thelatestmodel
Junior, please.
Not on Steam, so that's something.
And yes, fuck Harper. Fire him out of a cannon into the Sun, the world would be a better place. There are few humans on this Earth that I dislike more.
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