Canadian dollar likely to trump US greenback

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Glad I held out on buying the Disney World airfare, accommodations and park tickets 4 weeks ago. What a climb! Probably just saved myself $50! :lol
 
Darn and with Dvdpaficic basically out of business theirs no really good place to import cheap anime dvds to Canada.

God I hate how freaking long it takes them to adjusts the prices once we've hit partiy and yet the second it falls back under they pump em back up again like it's a lightswitch.
 
I don't like this trend...sure it might be great for those who exchange lots of money between the two to take advantage of the rate, but at the end of the day, this means more jobs will just filter back to the States, or just go overseas altogether. I also REALLY hate the fact that not only do you Yanks have lower income taxes AND sales taxes, but you guys will also pay LESS since prices in Canada have not and likely will not remain at parity...if anything, ours should be lower, but whatever. Hopefully, the situation will right itself out and we can hover around 90-95.
 
Cereal KiIIer said:
Don't worry the Canadian Customs will still fuck you up the ass.
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I've bought hundreds of things online from other countries and only had to pay customs a handfull of times.

Most sellers are nice and mark the package as gift and/or under $20, Canada customs doesn't even look at every package.

Just use USPS, if you have to pay the tax once and a while so what? You're still saving money.

I plan on taking full advantage of this while I can.
 
BocoDragon said:
I'm no economist, but won't the Canadian government then try and devalue the dollar on purpose in order to keep the flow of cross-border trade the same?
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The canadian dollar is freely floated and not fixed. The only way the canadian government could depreciate their dollar is by decreasing the demand for their currency via printing it(inflation), buying other currency, etc...
 
Xeke said:
The more I think about money the more crazy I think it is. Little pieces of paper based on nothing making or breaking your life.
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how much have you been thinking about it exactly?
 
let's just hope that Greece causes the Euro to fall...
I hate the Euro... makes vacationing expensive

Fall, Euro, fall!!! i want my affordable vacations!

*am Canadian
 
ElectricBlue187 said:
Yes he probably did because like your loonie and all other things Canadian, Americans don't care about hockey
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Ironically, some post-game video I've seen has shown Canadian players not even being that excited about the victory, casually tapping each other on the back, and at the same time, some American players who looked like they are crying.
 
catfish said:
how much have you been thinking about it exactly?
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Xeke is banned but I read his post too and SMH.

The easiest way to think about those little pieces of paper is a medium to represent units of work.

"Hey you installed a new fence for me. Here's your $200"

In this transaction, I've paid an individual for their work with some pieces of paper which in turn, they will use to pay someone else for their unit of work. I myself got those pieces of paper, shockingly enough, in payment for a unit of my work. The money is an incredibly handy medium because you know, I don't know many farmers or bakers who need my enterprise software design skills, you know? Not only that, it's incredibly hard to barter my skills for a bag of potatoes...that wouldn't even be fair value for a simple HTML page!
 
Isn't a weak US dollar actually good for us Americans because it means there's more motivation for people to buy our exports?
 
It won't stop the 50% cost mark up on books, nor the $5-$10 premium we pay on games. And I don't import from the States very much, so it won't really help, except when I visit home. And at the cost of Canadian business with the US, most likely.
 
Cereal KiIIer said:
Don't worry the Canadian Customs will still fuck you up the ass.
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You know sometimes it does and sometimes it doesn't.

I've bought tons of shit on eBay from US sellers. Everything from Transformers to LCD TVs, etc.

I bought a 24" LCD TV about 5 years ago for 900.00 ( yeah I know! ) from the States and wasn't charged any duties. I bought several Avirex leather coats and never charged a dime.

Conversely I've bought a copy of Lumines for the PSP for $30 dollars and was charged 11 dollars in duties.

Hell I've been ordering stuff from Karmaloop and normally DHL who delivers always charges me duty. And my last two orders I received with out any duty to pay.

So it's not that bad.
 
I look forward to imported american goods not changing in price at all. I sure do love books costing 5 dollars more for absolutely no reason.
 
Wormdundee said:
I look forward to imported american goods not changing in price at all. I sure do love books costing 5 dollars more for absolutely no reason.
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Only? Things like the Harry Potter books that retail for $19.95 in the States are marked up to $34.95 here.
 
EvilMario said:
Only? Things like the Harry Potter books that retail for $19.95 in the States are marked up to $34.95 here.
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Well I was more referring to paperback books that retail for 7.99 american, but 12.99 canadian. I guess there are certain books that are jacked up more?
 
sphagnum said:
Isn't a weak US dollar actually good for us Americans because it means there's more motivation for people to buy our exports?
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yes. that's true. ironically, low dollar is will help U.S with the recovery

basically that's how China grow their economy, by keeping their currency low, so all their stuff is dirt cheap.
 
Time to invade Canada. I hear they have weapons of mass destruction up there. I submit Celine Dion and Bryan Adams as evidence.
 
dankir said:
You know sometimes it does and sometimes it doesn't.

I've bought tons of shit on eBay from US sellers. Everything from Transformers to LCD TVs, etc.

I bought a 24" LCD TV about 5 years ago for 900.00 ( yeah I know! ) from the States and wasn't charged any duties. I bought several Avirex leather coats and never charged a dime.

Conversely I've bought a copy of Lumines for the PSP for $30 dollars and was charged 11 dollars in duties.

Hell I've been ordering stuff from Karmaloop and normally DHL who delivers always charges me duty. And my last two orders I received with out any duty to pay.

So it's not that bad.
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Bought a $400 turntable. No duties.
Bought dozens of records over the years. No duties.
Buy a $22 Bioshock Lithograph... $49 in duties and a $21.06 import fee from UPS to be paid at the door. FFFFF
 
Davidion said:
Come to us, Canadians.
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it's so tempting to shop in the U.S right now.

The retailers up here are taking their sweet bloody time to adjust the price. We're still paying games for $69.99
 
otake said:
This is great, come Canada! Buy our shit!
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Canadian's been doing just that

http://yourhome.ca/homes/newsfeatur...f-price-homes-canadians-pounce-on-the-sunbelt

Half-price homes? Canadians pounce on the Sunbelt

Last November Stacey Lynn found herself in Florida pondering whether to buy a condominium in Naples or one in nearby Sarasota. The Toronto woman ended up buying both.

"The prices were truly amazing, especially when you factor in the exchange rate," said Lynn, explaining her splurge.

Except this wasn't for a pair of jeans. Cross-border shopping has never been this good for Canadians.

No snow. No nasty bidding wars. And condominiums for the price of a parking space in downtown Toronto.

Canadians jaded by high prices at home are increasingly looking beyond our borders as a much more muscular loonie – and a sense that prices are bottoming out south of the border – has us flexing new-found financial brawn.

Not since the Japanese started snapping up real estate in Manhattan have a group of foreign buyers been as prevalent in U.S. markets.

"There is certainly a greater confidence out there with Canadians. It's not just economic. There is a sense that we are players on the world stage, whether it's our banking institutions or more recently at the Olympics," said Philip McKernan, author of South of 49: The Canadian Guide to Buying Residential Real Estate in the United States.

Developers will be hard at work courting Canadian dollars this week as families descend on Florida, Arizona and other sun destinations for the March break.

According to a U.S.-based National Association of Realtors study of international home buying activity, Canadians were the No. 1 foreign purchasers of property in the United States in 2009. And we have also been looking farther afield in Central America and the Caribbean.

"Canadians are absolutely dumbfounded when they see the prices here," said Arnold Porter, the Canadian owner of Phoenix-based realty firm Arizona For Canadians. "You have this rare perfect storm in the United States where you have low interest rates, still falling prices and a Canadian dollar that keeps going up."

Analysts have been predicting prices may never be this cheap again. And they may be right.

U.S. foreclosure filings dropped in February for the second straight month, according to figures released this week, as the backlog of distressed homes is being snapped up by foreign buyers.

Porter and his wife Maureen have sold about 60 homes to Canadians in the last 12 months. Most of those sales were recent, he says.

For instance, a newish 1,702 sq. ft. home, built in 2004, is listed there for $103,000 U.S. A similar property in Toronto would likely fetch more than four times that price.

"That's just the asking price," says Porter.

Remarkably, the property, which comes with a pool, will likely sell for less, as opposed to Toronto, where many properties sell for above the asking price.

Analysts say Canada's stable banking system and real estate market means buyers are feeling a lot more confident. They are also tapping the value of their existing homes to purchase homes south of the border.

In the United States, a combination of lax lending policies and widespread speculation helped sink the market. In Toronto, prices have risen every year for 13 years – even during the recession.

But the biggest reason for going cross-border shopping is the rise of the loonie. It hit 98.2 cents U.S. on Friday, its highest level since July 2008.

Economists are forecasting the Canadian dollar will be worth more than the greenback by this summer. Compare that with the all-time low in 2002 of 61.79 cents U.S.

"The last few months have been like an explosion. People are coming out of the woodwork because of the exchange rate," said Brian Ellis, vice-president of Brampton-based Florida Home Finders.

"I think the people sitting on the fence are finally realizing that this is crunch time."

Last year Canadians represented 30 per cent of all foreign purchases in that state, according to Florida Home Finders, overtaking the British for the first time.
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Cyan said:
Guys stop with the hockey stuff you're gonna make the Canadians mad.

http://i43.tinypic.com/123s5jc.png[IMG][/QUOTE]

note that the person who drew this is a canadian
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WEGGLES said:
Bought a $400 turntable. No duties.
Bought dozens of records over the years. No duties.
Buy a $22 Bioshock Lithograph... $49 in duties and a $21.06 import fee from UPS to be paid at the door. FFFFF
Click to expand...

Seves you right for using UPS for international shipments. If you didn't know the seller would ship by UPS, you should have refused the shipment and reported item as not recieved.

The only part of that that was the governments was the sales tax on whatever the delcared value of the shipment was.
 
krae_man said:
Seves you right for using UPS for international shipments. If you didn't know the seller would ship by UPS, you should have refused the shipment and reported item as not recieved.

The only part of that that was the governments was the sales tax on whatever the delcared value of the shipment was.
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It was the only shipping method available.
And there were only 25 of the posters available.
And they sold out damned near instantly.
And I really wanted it. It was a cool Stienman poster.

;_;
 
We've been hovering around the $0.95 for a few months now. But the whole parity thing is just mental.. I just wanna spend now! :lol :lol

Must take advantage of deals in the USA.. Heading to Boston in a few weeks.
 
Took long enough. Now to commence the cross border shopping at the cost of our economy and our exporting businesses.
 
Rapping Granny said:
Fucking right, stanley cup playoffs are starting plus this. Canada FTW!
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OFCOURSE! IT ALL MAKES SENSE!

Canadian team winning playoffs = Loonie jumping like no tomorrow
American team winning playoffs = BACK THE FUCK DOWN, LOONIE!

Believe!!!
 
Parity! (again)
The loonie opened just above parity with the U.S. dollar after hovering below the symbolic number for nearly a week.
The Canadian dollar began its North American trading day at 100.18 cents (U.S.), up more than one-third of a cent from Tuesday's close.
The loonie is expected to hover around the parity mark for some time but eventually rise above one U.S. dollar for an extended period.
​
So probably no craziness like 1 USD equalling 1.1 CAD a couple of years ago, but still a good time for us Canuckistanis who are taking trips to the US soon.
 
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