Hasphat'sAnts
Member
So like, Canadian employees of American companies in Canada could theoretically ask to be paid in U.S. dollars, right? Would imagine this is something to negotiate
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Canadian dollar will drop to 59 cents US in 2016, Macquarie forecasts
- Thread starter jokkir
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Sapiens
Member
Only speaking from my own experience of working with an american company when the dollar was in the 60s. It was stable.
Tal Shiar Agent
Banned
The natural endpoint of the current course is a North American Union or Canada finally integrating into the United States. As scary as that may sound to Canadians. The military is already there, the difference between Canadian and American culture is about as different as New York and Louisiana culture, NAFTA exists.
F all you Americans laughing at and enjoying our economic misfortune
We have some pretty significant cultural/legal differences. A unified currency makes sense, but fully integrating into the US would be Cray
I honestly think we need to establish a trading agreement with China to usurp NAFTA as much as possible.
TheLaughingStock
Member
Lol...
Pff. You clearly haven't seen all the tourists from Asia(Japan, South Korea, China...) here. They clearly don't speak a word of English. Doesn't stop them to come visit Quebec city.
bearythebear
Member
Would be nice if salaries reflected that, but nope :/
Ouch, pulling no punches.
The good news is your government should start pushing tourism harder now especially to the U.S. Gotta take advantage of a terrible situation
Chinese will line up to buy canadian made tvs and iphones. Oh wait...
Our commodities? They're already implanted in Africa for that.
Our 90$ a barrel oil? Well...
So what would it accomplish exactly?
Yeah, that's what I thought too. I'm getting less and less money from my salary because the commodities prices are increasing
Good stuff. I'll probably be visiting Toronto sometime in the spring. Haven't been there since '05. Really looking forward to the entertainment scene there.
Septimus Prime
Member
If you pay a business with US dollars in Canada, will they still give change back in Canadian? Could be lucrative for disingenuous businesses.
Mr. Giggles
Member
It would be.. *cries
Tinfoilhatsron
Banned
Invest in gold Canadians.
Well, stores don't have US cash. So, yeah, if you pay in USD you will likely receive a change in CAD.
gutter_trash
Banned
fuck China
Some of the bars in Montreal do this for American tourists. Drunk tax!
Only border towns or very very touristy places take USD and they usually post what their exchange rate will be (hint: It's terrible). Converting your dollars is really the easiest thing to do for everyone.
Yup. You're getting loonies and toonies whether you like it or not.
Many businesses have a button on their cash register for accepting USD, with a built-in exchange rate converter. But you're usually not gonna get the exact rate, there's no law compelling them to (it's not "legal tender" here), so it's typically rigged in favour of the business within a few cents.
Septimus Prime
Member
When I went to Montreal, they gave me CAD change with coins. As an American, I felt odd to be carrying like $40 around in "loose change," what with the $2 CAD coins.
killer rin
Member
I always wonder how people end up with pockets full of that much change.
Don't you spend your change? Do you use a fresh $20 for every transaction?
Not really no.
If the rest of Canada sells itself to the United States then I hope Quebec becomes its own country.
If wages are paid in USD, all the players are effectively getting a raise from a CAD perspective.
TheLaughingStock
Member
It would be a disaster as soon as Canada needs to roll over treasuries or raise $ denominated in US dollars. Cannot be stressed enough how catastrophically dumb it would be to convert over to a foreign financial system and have no control over where $ ends up at the end of each day.
MattPeters
Member
2017, Canadian tire money becomes official currency of Canada.
StrangeADT
Banned
You're sure gonna miss your subsidized daycare and tuition when you lose your equalization payments - but have fun I guess!
TheRealTalker
Banned
yeah China would deplete us of our natural resources
hydragonwarrior
Member
Well that kills my Europe plans for the year :/
America and Canada are culturally identical as long as you ignore Quebec, the South, the Maritimes, or the MidWest. Ayup.
Seriously though Canada trying to subsume itself into the US has the same problems that Greece is having with the Euro and I hope it never ever ever happens.
Septimus Prime
Member
I'm not a big cash user, in general, and in the States, loose change is usually worth very little, so the concept of using coins to pay for things isn't really ingrained.
gutter_trash
Banned
China artificially mainupaltes its own market at their own convenience.
China halted their stock exchange twice this month when they weren't happy with certain socks being sold too quickly in certain companies.
You can't trust them
Canadian teams hedge USD a lot I believe over a 3 season period so they should have some wiggle room.
Every country has circuit breakers on their stock exchanges. You could argue the Chinese limit was set too low but the TSX came realllly close to shutting down for the day in the 2008/2009 financial crisis.
……forgetit
Member
This is even worse when you consider it will probably be worth even less by the end of 2017.
Dusk Soldier
Member
If you're close to the border you'll probably get american change. In a real Canadian city: no, you would get Canadian money back. And coins are traded at par no matter the exchange rate.
It's actually pretty comical the amount of Americans that come to Canada and expect to only deal in American currency. Like there are people that genuinely believe we use American money up here.
Kabuki Quantum Lover
Member
Well, I guess I'll be vacationing in this fair country for the next few years.
Was actually thinking the same thing.
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