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Monopoly money soon to surpass the USD
Meiz
Registered User regular
Registered User regular
The Canadian dollar continued its seemingly relentless journey higher Monday as it approached 95 cents US.
The loonie was at 94.54 cents US in morning trading, up 0.29 cents US from Friday's close.
In earlier trading Monday, it went as high as 94.77 cents US, a 30-year high.
The Canadian currency has gained more than two per cent in the last week against the U.S. dollar and more than 10 per cent so far this year.
Some economists are forecasting that the loonie will eventually reach parity with the U.S. dollar as early as the end of this year — something that hasn't happened since November 1976.
But others see that as unlikely. "Apologies for casting the slightest note of caution on the relentless cruise to parity, but commodity prices did not really budge in the past week, and in fact are only up slightly since the start of 2007," said BMO Capital Markets senior economist Doug Porter.
The Canadian dollar is considered a commodity currency, since Canada is a large producer and exporter of base metals and fossil fuels. The loonie often rises and falls on the strength of resource prices.
Analysts say the loonie has also benefited from the spate of takeovers that have seen foreign companies buy billions of dollars worth of Canadian firms.
The dollar's recent surge has also been linked to the increasing probability that interest rates will rise. The Bank of Canada gave a strong hint last week that it would need to raise rates as early as July to keep a lid on inflation.
Ooooh time to go shopping.
Meiz on
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i don't know what canada is good for
of course, it won't
Nah, you'll still pay double.
Beer, women and staying out of Iraq.
dibs on canada
well, there's a loon on it. so, it makes about as much sense as "all about the benjamins"
in short
you are an r-tard
also, canada is like america with slightly less bullshit and no california, which is nice
and the things that meiz said
also I am an expert on Canada because I have lived here a whole 4 months
when is ur birfdey?
parts of California are nice
like, San Francisco is pretty as long as you don't live there
well, things like food and medicine are reasonably priced, but it's shit like books and games and cars we're getting raped on
there is like, no reason I should be paying 10 dollars more for a damn trade paperback
Its a lot easier when all you really have to register is the Alpha Flight dudes. Don't they work for the government anyways?
full of a bunch of amerikkkanz now too
and a horse.
PARKER, YOU'RE FIRED! <-- My comic book podcast! Satan look here!
Congrats Shoe, on making the switch. Where are you living right now? If it's Alberta, I highly recommend moving a several hundred kilometres west.
oh mine is the 9th
h5
the job market is good and it's a pretty laid back place to be
coastal places are a drag, they're always filled with the sort of people that tend to annoy me
immigrants?
The job market is obscenely good there right now with the new oil boom. My cousin makes fucking $15 or $16 an hour working at McDonalds. But then once the oil goes away, the Albertan economy will most likely collapse. I do highly recommend Vancouver and outlying cities. Having spent a lot of time in both provinces, my affinity has always been for BC. If you're ever heading out this way let me know. I can take you places. Crazy places. We can hike up a mountain.
In that I can buy shit for half price most of the time and still save hundreds even with shipping.
lol I am an immigrant
no what I mean is tourists, the elderly, the rich, people who pay 50 bucks for a fucking haircut
the fake and the annoying, melding into a single force
also the cost of living in those places is fucked
the cost of living here is cheap. because everyone here is poor
You'd better be coming to vanpax, bitch
I'm pretty sure nova scotia doesn't count
in fact, anything north of rhode island falls off my general coastal theory due to the weather conditions
rich people don't tolerate that shit
well, if I ever do move, it'll be to Montreal. my girlfriend's brother plays for the Alouettes, and she loves Montreal.
but we might take a road trip to Vancouver sometime, who knows.