Canadian Dollar near parity to US Dollar

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Aya Reiko
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Canadian Dollar near parity to US Dollar

Post by Aya Reiko » Fri Sep 14, 2007 11:51 pm

In early November 2001, the US Dollar was worth a 1.60 Canadian dollars. (1 $US = 1.602 $CAN)

Today, the US dollar is worth less than 3 cents more than the Canadian dollar. (1 $US = 1.029 $CAN)

Pretty much since the start of Bush's tenure in office, the U.S. dollar has trended downward, and is close to something I thought I'd never see... being worth less than the Canadian Dollar.
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Post by AnimeGuru0 » Sat Sep 15, 2007 8:46 am

I don't really see what that has to do with bush tho....

The value of the dollar vs. the value of the CDN dollar has way more to do with each countries respective economies, something a president has a very minor influence on.

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Post by Senshi_of_Vision » Sun Sep 16, 2007 1:16 am

Well I dunno if this helps Aya Reiko's Bush theory, but I tend to think it does.

Greenspan Bashes Bush over Spending
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Post by AnimeGuru0 » Sun Sep 16, 2007 12:33 pm

Senshi_of_Vision wrote:Well I dunno if this helps Aya Reiko's Bush theory, but I tend to think it does.

Greenspan Bashes Bush over Spending
Yeah it totally helps Aya's theory. Greenspan is like the god of the economy lol

BUT.....

On the same note, what Bush has done is completely dwarfed by the autopilot monsters that are social security, medicare, and medicaid :\ They take up half, if not more, of the budget every year, and if they aren't fixed soon we're going to amass so much debt that our economy will be on the verge of a severe collapse....

But that's a totally different topic >_> *beats self with the semi-off-topic stick*

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Post by Aya Reiko » Thu Sep 20, 2007 2:18 pm

Update:

1 Canadian Dollar = 1 US Dollar

This has not happened since 1976.
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Post by Neon Heart » Thu Sep 20, 2007 5:09 pm

So I don't understand. What difference does it make if our dollar is worth less or more than another country's dollar?
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Post by Senshi_of_Vision » Thu Sep 20, 2007 6:17 pm

To me it kinda feels like a blow to our whole Economic superpower status, but lets face it the Yen and Euro has had us running for our money and beat for awhile now. It doesnt suprize me that Canada's money is finally gaining equal status because the country is working on builiding up their economic status. Till our country starts focusing more on our own internal problems and stop trying to police the world the value of the dollar will keep getting owned by other currencies. Im not too worried about the Canada thing though its not like the dollar will go the way of the Rubble or Peso it just means in the grander scale flashing dollars in other countries wont be such a big deal anymore.
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Post by AnimeGuru0 » Thu Sep 20, 2007 8:28 pm

Neon Heart wrote:So I don't understand. What difference does it make if our dollar is worth less or more than another country's dollar?
It doesn't really mean much, but it does give an indication of how much an american dollar is worth to the world community, and usually its best for it to be worth more. If its worth less then that means the economy isn't as strong compared to other countries.

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Post by Jeff » Thu Sep 20, 2007 11:31 pm

We're totally Canada's Mexico.

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Post by peachvampiress » Fri Sep 21, 2007 12:28 am

Jeff
We're totally Canada's Mexico.
You guys aren't welcome here....unless you bring beer. Good beer.

Uh, sorry about your economy and all, but needless to say a lot of people are happy here. It'd be nice to buy stuff on Amazon.com and not have to give an arm just to cover the difference in currency (Amazon.ca sucks).
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Post by Jeff » Fri Sep 21, 2007 12:59 am

It's usually so annoying when you get Canadian coins mixed in with your change... this changes everything.

By the way Peach, beer runs are what YOUR country is for. All my friends in New England get that stuff in Quebec.

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Post by Aya Reiko » Fri Sep 21, 2007 5:05 am

Neon Heart wrote:So I don't understand. What difference does it make if our dollar is worth less or more than another country's dollar?
It means importing stuff could possibly cost more.
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Post by NameGoesHere » Fri Sep 21, 2007 6:01 am

Aya Reiko wrote:It means importing stuff could possibly cost more.
Maybe that would encourage the U.S. to import less and export more so we don't have such a monstrous trade deficit.

Then again, my opinion is far from official. The only thing I know about economics and trade is what I've learned from city-building games. >_>;
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Post by Aya Reiko » Sun Sep 23, 2007 4:37 am

NameGoesHere wrote:
Aya Reiko wrote:It means importing stuff could possibly cost more.
Maybe that would encourage the U.S. to import less and export more so we don't have such a monstrous trade deficit.

Then again, my opinion is far from official. The only thing I know about economics and trade is what I've learned from city-building games. >_>;
Problem is do we even manufacture anything anymore? Most of those jobs have been shipped off to Mexico or China.
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Post by NameGoesHere » Sun Sep 23, 2007 6:09 am

Aya Reiko wrote:Problem is do we even manufacture anything anymore? Most of those jobs have been shipped off to Mexico or China.
Some stuff is still manufactured in the US... somewhere... I think.

. . .

I wonder, does a country stop being an industrialized nation once it's outsourced all of its industries?
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Post by sailor_moon_R » Mon Nov 05, 2007 6:03 pm

Now the Canadian Dollar is worth more :D :D Time for some shopping in the U.S. w00t

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Post by Jeff » Mon Nov 05, 2007 9:50 pm

Um, well, I think the US is back up again. Too late.

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Post by sailor_moon_R » Wed Nov 07, 2007 12:26 pm

Ohh, now us sooooooo wrong. The Canadian dollar is worth 1.1020 U.S. and the us dollar is worth less. Time for some shopping :D

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