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2 cent away from par
wow, the loonie is only 2 cents away from hitting par with US, I wonder what happens when it does, a massive sell off on the loonie? a great time to invest the USD/CAD pair in forex? time to travel?
I was told the CAD fundamentalically cant hold up such strong loonie this is more of a US weakness than being a strong loonie.
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2019 IS350 AWD
20xx NX350 AWD
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Re: 2 cent away from par
If it wasn't pegged to the US dollar, maybe. If the US dollar weakness continues (well know more after today's Fed meeting) then the CAD will continue to be lofty.Originally posted by SilverRex
I was told the CAD fundamentalically cant hold up such strong loonie this is more of a US weakness than being a strong loonie.
The US dollar index is at really significant lows of around 80, and if we get a clean break below this, look out. Parody won't be far away, and the EUR/USD will move up as well.
Originally posted by 89coupe
I do get great service there, especially when I mention my name, haha.
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i just cant wait till my over sea trip next feb, I hope the loonie stays hot =]
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2019 IS350 AWD
20xx NX350 AWD
PC Principal
I for one hope we go back down to the 80 cent mark- I get paid in American dollars, and I've literally lost 15% off my income over the last year due to the strong dollar
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Re: Re: 2 cent away from par
Originally posted by Canmorite
Parody won't be far away, and the EUR/USD will move up as well.
Sorry for pointing out that it should be parity (not "parody"), but I had to because this cracked me up for some reason....
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a lot of the recent surge in value is due to the credit issues in the states, which aren't nearly as prevelant here in canada.
millions of families were given below prime teaser rates on mortgages they couldn't afford at normal rates, teaser rates end, people can't afford house, file for bankruptcy, mortgage company loses money because houses were over valued to begin with. people are losing their homes, the people that invest in these mortgage companies are losing their shirts.
at least that's the gist of it as I understand it from jim kramer when he was on the daily show :p
Originally posted by HeavyD
you know you are making the right decision if Toma opposes it.
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It's only cheaper if you go to USA or any countries tie their currency to $US (like HK). Nothing has changed between any other currencies VS $cdn.Originally posted by SilverRex
i just cant wait till my over sea trip next feb, I hope the loonie stays hot =]
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Wait till the US announces a drop in Interest rates today, par is a soon to be reality I think.
Hello laskey racing H22, nice to meet you! haha
Originally posted by SJW
Once again another useless post by JRSCOOLDUDE.
Originally posted by snowcat
Don't let the e-thugs and faggots get to you when they quote your posts and write stupid shit.^^ Fact CheckedOriginally posted by JRSC00LUDE
I say stupid shit all the time.
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Re: Re: Re: 2 cent away from par
Haha, right. Parity.Originally posted by Gainsbarre
Sorry for pointing out that it should be parity (not "parody", but I had to because this cracked me up for some reason....
Originally posted by 89coupe
I do get great service there, especially when I mention my name, haha.
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Bang on. Not much has happened out there in the currency world except for the USD dropping. So your cad buck doesn't really do any better except against USD and any other place that is pegged or partially pegged against the USD.Originally posted by Xtrema
It's only cheaper if you go to USA or any countries tie their currency to $US (like HK). Nothing has changed between any other currencies VS $cdn.
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This is going to be an interesting ride. A huge chunk of my investment dollars are in states. No way I would transfer anything to Canadian now. The going question is to buy USD or not!
"Having a war about religion is like having a fight over who's got the best invisible friend" - Yasser Arafat
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Great, I just moved to the USA and making USD currency. Well maybe if it keeps climbing I'll be able to get rid of all the Canadian coins I have that nobody wants.
Originally posted by adamc
you can pretty much skip over any posts that have no punctuation, as a general rule of thumb.
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This is going to be pretty interesting. I will have to start buying alot more items from the US and bring back a nice car next year for par.
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The casino I work @ is giving 5%, while most banks are giving 3%. I've recently been purchasing a lot of items for my car and paypal is doing .95 & 97 CAD on 1USD. I know I'm gonna be on the forex soon the USD will come back.
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haha with the rate cut today by the US, we are just another penny closer to par. woot
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2019 IS350 AWD
20xx NX350 AWD
Hayan Namja
Today's close:
1 USD = 1.01347 CDN
My Tesla referral link: https://ts.la/moon14483
Tesla new owner FAQ: https://forums.beyond.ca/threads/411...37#post4928237
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My Tesla referral link: https://ts.la/moon14483
Tesla new owner FAQ: https://forums.beyond.ca/threads/411...37#post4928237
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perfect timing.. I'm making quite a goody list and saving 100's...
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I just transferred money through Payal from my US bank account to my friend's Canadian bank account. They gave me 98.8 CAD cents for every 1 USD.
Originally posted by adamc
you can pretty much skip over any posts that have no punctuation, as a general rule of thumb.
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Wicked, so would buying USD now be a good idea, then selling it back once it lowers?
Cos...
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