No More Making Fun of the Canadian Dollar!

NoSkillz · 09-20-2007, 10:44 AM

For the first time in over 30 years, the Canadian Dollar is worth MORE than the US Dollar.

What a turnaround from a couple years ago...at least you can still make fun of Celine Dion but not our colourful currency!

Quote:

Canadian Dollar Climbs Above Parity With US Dollar

September 20, 2007 11:27am ET

TORONTO -(Dow Jones)- The Canadian dollar moved briefly above the U.S. dollar late Thursday morning as it continues its sustained push higher against the greenback, although it has once again dropped back slightly below parity.

It marks the Canadian dollar's first foray into levels higher than its U.S. counterpart since November 1976.

The U.S. dollar reached its lowest trading level of the session so far of C$0.9998 just before 11:00 a.m. EDT (1500 GMT), according to electronic trading system EBS.

It has since rebounded to the C$1.0012 level. The two currencies have danced around the parity level Thursday morning after the U.S. dollar touched it briefly in earlier trading, with the U.S. dollar pressured by broadly based weakness as well as continued positive momentum in the Canadian unit.

MikeVic · 09-20-2007, 10:48 AM

Yeah, I like that. I hope it stays like this into next year. Planning on doing some more shopping down there.

Travis · 09-20-2007, 10:49 AM

shhhhhhhhhhhhhh, they're not supposed to know about this phase of the plan yet.

Crapshoot · 09-20-2007, 10:53 AM

With Canadian oil and mineral reserves, and a potential US recession (if the home ownership crisis gets any worse), I'd say this could well be the rule, and not the exception.

Antmeister · 09-20-2007, 10:56 AM

Quote:

Originally Posted by Crapshoot

With Canadian oil and mineral reserves, and a potential US recession (if the home ownership crisis gets any worse), I'd say this could well be the rule, and not the exception.

+1

MikeVic · 09-20-2007, 10:59 AM

What does a recession mean? Like, people are spending more money on houses, so they can't buy other stuff...?

dacman · 09-20-2007, 11:41 AM

Quote:

Originally Posted by MikeVic

What does a recession mean? Like, people are spending more money on houses, so they can't buy other stuff...?

Recession means Americans buy less Canadian beer.

MikeVic · 09-20-2007, 11:44 AM

Quote:

Originally Posted by dacman

Recession means Americans buy less Canadian beer.

Oh what the hell, that's just silly.

Surtt · 09-20-2007, 11:59 AM

Can I still call them Loonies?

MikeVic · 09-20-2007, 12:02 PM

Quote:

Originally Posted by Surtt

Can I still call them Loonies?

Yes. Don't forget about Twonies either.

Butter · 09-20-2007, 12:14 PM

In other news, Canada is still America's Hat.

Surtt · 09-20-2007, 12:14 PM

Quote:

Originally Posted by MikeVic

Yes. Don't forget about Twonies either.

Toonies would fit the theme better.

MikeVic · 09-20-2007, 12:24 PM

Quote:

Originally Posted by Butter_of_69

In other news, Canada is still America's Hat.

Or the U.S. are Canada's ass cheeks.

MikeVic · 09-20-2007, 12:25 PM

Quote:

Originally Posted by Surtt

Toonies would fit the theme better.

Oh yeah, Toonie. I don't know how it's supposed to be spelled... but that looks better.

M GO BLUE!!! · 09-20-2007, 03:50 PM

See... You Canucks may be richer, but we still got Bush!

Blade · 09-20-2007, 04:46 PM

Sweet! Going to LA in just over a month...time to buy lots of stuff!

JeeberD · 09-20-2007, 04:55 PM

As long as the price of Unibroue beers don't go up I really don't give a damn..

Greyroofoo · 09-20-2007, 05:20 PM

This is a sad day indeed. Our greenbacks are now worth less than Canuck Monopoly money.

molson · 09-20-2007, 05:32 PM

Canada rules. The dollar situation was just a bonus. I remember going to Montreal 5 or 6 times in a 2 year stretch where you could almost cut the Canadian price of stuff in half to figure out how much US currency you were shelling out.

sterlingice · 09-20-2007, 07:47 PM

klayman · 09-20-2007, 08:09 PM

Please don't invade us

Schmidty · 09-20-2007, 08:13 PM

I hate Canada so much.

No, I'm not kidding. Just ask Maple Leafs.

Wolfpack · 09-20-2007, 09:56 PM

Damn glad that we did our honeymoon in Canada in 2001. Would've been brutal to do it dollar-for-dollar as it is now.

Interestingly, we've got some whacked out consipiracy theorists on the State board who are utterly convinced this is yet another step on the road to a North American Union of some kind between the US, Canada, and Mexico.

JPhillips · 09-20-2007, 10:01 PM

Bubba posts on the State board?

Wolfpack · 09-20-2007, 10:23 PM

Quote:

Originally Posted by JPhillips

Bubba posts on the State board?

Mebbe so. We've got folks claiming that the little reflector sticker on the back of NC licenses that show the northern half of the western hemisphere are, in fact, a way to show that North Carolina driver's licenese are ready for usage in the coming union.

09-20-2007, 10:49 AM	#3
Travis Pro Rookie Join Date: Aug 2001 Location: Canada eh	shhhhhhhhhhhhhh, they're not supposed to know about this phase of the plan yet. __________________ "I don't want to play golf. When I hit a ball, I want someone else to go chase it." - Rogers Hornsby

09-20-2007, 11:59 AM	#9
Surtt College Benchwarmer Join Date: Nov 2003	Can I still call them Loonies? __________________ “The greatest dangers to liberty lurk in insidious encroachment by men of zeal, well-meaning but without understanding.” United States Supreme Court Justice Louis D. Brandeis

09-20-2007, 12:14 PM	#11
Butter Coordinator Join Date: Mar 2002 Location: Dayton, OH	In other news, Canada is still America's Hat. __________________ My listening habits

09-20-2007, 04:46 PM	#16
Blade College Prospect Join Date: Nov 2000 Location: Edmonton, Alberta	Sweet! Going to LA in just over a month...time to buy lots of stuff! __________________ Just trying to get by unnoticed... Loyal fan of the Edmonton Oilers and Philadelphia Eagles.

09-20-2007, 04:55 PM	#17
JeeberD General Manager Join Date: Nov 2002 Location: The Town of Flower Mound	As long as the price of Unibroue beers don't go up I really don't give a damn.. __________________ UTEP Miners!!! I solemnly swear to never cheer for TO Last edited by JeeberD : 09-20-2007 at 04:56 PM.

09-20-2007, 10:48 AM	#2
MikeVic Head Coach Join Date: Mar 2003 Location: Hometown of Canada	Yeah, I like that. I hope it stays like this into next year. Planning on doing some more shopping down there.

09-20-2007, 10:53 AM	#4
Crapshoot Grizzled Veteran Join Date: Dec 2003	With Canadian oil and mineral reserves, and a potential US recession (if the home ownership crisis gets any worse), I'd say this could well be the rule, and not the exception.

09-20-2007, 10:59 AM	#6
MikeVic Head Coach Join Date: Mar 2003 Location: Hometown of Canada	What does a recession mean? Like, people are spending more money on houses, so they can't buy other stuff...?

09-20-2007, 03:50 PM	#15
M GO BLUE!!! Pro Starter Join Date: Sep 2005	See... You Canucks may be richer, but we still got Bush!

09-20-2007, 05:20 PM	#18
Greyroofoo Pro Starter Join Date: Nov 2003 Location: Alabama	This is a sad day indeed. Our greenbacks are now worth less than Canuck Monopoly money.

09-20-2007, 05:32 PM	#19
molson General Manager Join Date: Oct 2002 Location: The Mountains	Canada rules. The dollar situation was just a bonus. I remember going to Montreal 5 or 6 times in a 2 year stretch where you could almost cut the Canadian price of stuff in half to figure out how much US currency you were shelling out.

09-20-2007, 07:47 PM	#20
sterlingice Hall Of Famer Join Date: Apr 2002 Location: Back in Houston!	SI __________________ Houston Hippopotami, III.3: 20th Anniversary Thread - All former HT players are encouraged to check it out! Janos: "Only America could produce an imbecile of your caliber!" Freakazoid: "That's because we make lots of things better than other people!"

09-20-2007, 08:09 PM	#21
klayman College Benchwarmer Join Date: Oct 2000 Location: Edmonton	Please don't invade us

09-20-2007, 08:13 PM	#22
Schmidty Coordinator Join Date: Apr 2001 Location: Early, TX	I hate Canada so much. No, I'm not kidding. Just ask Maple Leafs.

09-20-2007, 09:56 PM	#23
Wolfpack Pro Rookie Join Date: Feb 2003 Location: Raleigh, NC	Damn glad that we did our honeymoon in Canada in 2001. Would've been brutal to do it dollar-for-dollar as it is now. Interestingly, we've got some whacked out consipiracy theorists on the State board who are utterly convinced this is yet another step on the road to a North American Union of some kind between the US, Canada, and Mexico.

09-20-2007, 10:01 PM	#24
JPhillips Hall Of Famer Join Date: Nov 2002 Location: Newburgh, NY	Bubba posts on the State board? __________________ To love someone is to strive to accept that person exactly the way he or she is, right here and now.. - Mr. Rogers

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