Author Topic: Canadian Dollar hit par today. Anybody in for group buy for US $? :) (Read 4497 times)

aquadorhj · « **on:** September 18, 2007, 06:26:51 pm »

Just found out.

So US gov. is bailing out those poor people who made bad investment in real estate by lowering interest rate, and world reacts by dumping on US$.. will it be enough to stabilize economic downturn?

what cha think?

tpl · « **Reply #1 on:** September 18, 2007, 06:50:59 pm »

It did not actually hit 1.000000 USD. I am waiting to see what the BOC does with interest rates.

duck · « **Reply #2 on:** September 20, 2007, 04:24:39 am »

Can you provide a link to support your claim?

The U.S. government is NOT bailing out anyone. The FOMC is NOT the the U.S. government. The homeowners who made bad investments were lied to by smooth talking salespeople.

safristi · « **Reply #3 on:** September 20, 2007, 10:29:48 am »

the HOMES were not necessarily BAD INVESTMENTS....but the folks just had to read the Mortage terms....sub prime FER A TIME 2 years them BLAM bang double yer mortgage payment.Maam.......EVERYONE KNEW....(Gov,Financial Cos Banks and the people buying them)...they were a temp FREE LUNCH.. they also "Qualified anyone who was breathing!!!! " basicalloy a SCAM approved by all the agencies & Gov who now say Oh MY wot happened.....Savings and Loan fiasco Do_OVER......U can FOOL ALL OF THE PEOPLE ALL OF THE TIME these days......

initial_D · « **Reply #4 on:** September 20, 2007, 11:26:05 am »

U can FOOL ALL OF THE PEOPLE ALL OF THE TIME these days......

But U have to include free lunches tho.

Off topic, we have a US Funds account, it is not doing very well lately.

Railton · « **Reply #5 on:** September 20, 2007, 11:35:03 am »

I switched over a "nest egg" of US funds back in March...thankfully.
Railton

ovr50 · « **Reply #6 on:** September 20, 2007, 11:45:23 am »

Quote from: duck on September 20, 2007, 04:24:39 am

Can you provide a link to support your claim? The U.S. government is NOT bailing out anyone. The FOMC is NOT the the U.S. government. The homeowners who made bad investments were lied to by smooth talking salespeople.

I think he means the 1/2 point interest rate cut yesterday was an attempt to stall off the day of higher rates for the millions of Variable Rate Mortgages in the US that are up for rate renewal now. In that sense, the quote is OK, but confusing a bit.

ghost · « **Reply #7 on:** September 20, 2007, 01:25:58 pm »

Putting a deposit for the state of Oregon.

stodge · « **Reply #8 on:** September 20, 2007, 09:36:47 pm »

Quote from: tpl on September 18, 2007, 06:50:59 pm

It did not actually hit 1.000000 USD. I am waiting to see what the BOC does with interest rates.

Not so - the news said (so it must be true) that the loonie surpassed the US dollar. I knew you Canucks rocked!

Squishy · « **Reply #9 on:** September 21, 2007, 01:00:33 am »

If I remember correctly, it went to 1.004 before dropping below 1.000 USD again.

tpl · « **Reply #10 on:** September 21, 2007, 07:14:43 am »

IMHO it only counts if it is at or above 1.00000 at 4pm TO time when the market closes and stays that way overnight. Just my opinion...forex is its own world.

safristi · « **Reply #11 on:** September 21, 2007, 07:20:24 am »

I'm all for tha OBESE LOONEY....Thanskgiving is coming and the goose is gettin' Fat...think I'll buy the American Thanksgiving..better talk turkey with Bernanke....

ovr50 · « **Reply #12 on:** September 21, 2007, 09:21:11 am »

Quote from: tpl on September 21, 2007, 07:14:43 am

IMHO it only counts if it is at or above 1.00000 at 4pm TO time when the market closes and stays that way overnight. Just my opinion...forex is its own world.

Well, I agree with you, tpl. FWIW.

The Mighty Duck · « **Reply #13 on:** September 21, 2007, 11:07:28 am »

Quote from: tpl on September 21, 2007, 07:14:43 am

IMHO it only counts if it is at or above 1.00000 at 4pm TO time when the market closes and stays that way overnight. Just my opinion...forex is its own world.

That would be the difference between "hit" and "is worth".

Not that it matters, since pretty well any business is taking cash at par these days. I assume American border towns take Canadian dollars and have a posted exchange rate, Canadian ones sure do.

froggy · « **Reply #14 on:** September 21, 2007, 11:18:20 am »

Another article....

http://www.wheels.ca/article/31673

safristi · « **Reply #15 on:** September 21, 2007, 12:46:22 pm »

..Local Brewers retail (beer store fer the alcoholics!!!)...woz offering 95Cents fer US dollars!!!!!

........cheap drunks if ya arske me.....Milwanker LITE is 0.006% aftyer shave delight.....

ghost · « **Reply #16 on:** September 21, 2007, 12:46:55 pm »

we are above par!!!

safristi · « **Reply #17 on:** September 21, 2007, 12:58:11 pm »

..then we must sink those putz....................

......hey TRUMP this...............

...be nice ya never know when we'll need them.....

UmroAyyar · « **Reply #18 on:** September 21, 2007, 01:02:56 pm »

I am trying to figure out how it will affect my life. The $ on par i.e.

Consumers here will still pay the same prices as our smaller market or manufacturers dictate. Higher i.e.

If this level is sustained, any changes in price regimes in the offing?

safristi · « **Reply #19 on:** September 21, 2007, 01:09:12 pm »

...

GO SOUTH YOUNG MAN.....................

..where tha Buffalo Fires never expire and the kid Gloves and antelope coats are half priced....and never is heard a discouraging WORD..unless yer Moveon .ORG or a democrat Hot fer Election how do they spell "TRAITER "in the US.......oh yeah Majority leederhosen and hillarious Klinton-Hu..............