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Revscene Wall Street.
Consolidating debt? Good business tips? Buying stock? How's our economy doing? Discuss and share advice and tools on everyday banking, investing, wealth management and insurance. |
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10-06-2009, 04:59 PM
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#1 | | Fanboy
Join Date: May 2006 Location: Surrey
Posts: 3,596
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| Will the dollar hit par this month?
I see its getting stronger, will it get par with the US dollar?
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10-06-2009, 05:20 PM
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#2 | | Orgasm Donor & Alatar owned my ass twice!
Join Date: Mar 2003 Location: Vancouver
Posts: 6,803
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Maybe for a day.
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10-06-2009, 06:36 PM
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#3 | | Even when im right, revscene.net is still right!
Join Date: Apr 2004 Location: Da Island mon!
Posts: 1,310
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Down dollar down!
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2002 GMC Envoy SLT - Mmm... Heated leather.
2000 Chevrolet Cavalier Z24 - The built, bottled, and extremely obnoxious race car err lawn ornament.
2003 Saturn Ion-2 Sedan - Wife's daily driver.
1965 Chevrolet Nova SS - BBC powered gasser in the making.
1963 Acadian Beaumont Convertible - My silver on red baby.
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10-06-2009, 06:41 PM
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#4 | | WOAH! i think Vtec just kicked in!
Join Date: Oct 2005 Location: Vancouver
Posts: 1,650
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Originally Posted by ostampflee  Down dollar down! | weak US dollar hurts our economy, don't get too excited
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10-06-2009, 06:47 PM
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#5 | | I *heart* Revscene.net very Muchie
Join Date: May 2004 Location: Edmonton
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The Canadian dollar will continue rising. This will hurt the BC economy even more.
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10-06-2009, 06:52 PM
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#6 | | OMGWTFBBQ is a common word I say everyday
Join Date: Nov 2005 Location: Vancouver
Posts: 5,146
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I hope it hits par during black friday and X'mas, then drop like flies after new year
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Originally Posted by Fei-Ji haha i can taste the cum in my mouth | There is a time when you have to sig a post.
It just happened.
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10-06-2009, 07:56 PM
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#7 | | MiX iT Up!
Join Date: May 2006 Location: vancouver
Posts: 8,133
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Originally Posted by wouwou I hope it hits par during black friday and X'mas, then drop like flies after new year | now wouldn't that be awesome?
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Sometimes we tend to be in despair when the person we love leaves us, but the truth is, it's not our loss, but theirs, for they left the only person who couldn't give up on them.
Make the effort and take the risk..
"Do what you feel in your heart to be right- for you'll be criticized anyway. You'll be damned if you do, and damned if you don't." - Eleanor Roosevelt | |
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10-07-2009, 02:15 AM
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#8 | | I answer every Emotion with an emoticon
Join Date: Jul 2006 Location: V
Posts: 7,849
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seems like gold is unstoppable right now...
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10-07-2009, 02:20 AM
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#9 | | Diagonally parked in a parallel universe
Join Date: Jul 2004 Location: Vancouver
Posts: 1,349
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maybe next year
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If you don't like me you can blow me. | |
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10-07-2009, 06:04 AM
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#10 | | Even when im right, revscene.net is still right!
Join Date: Apr 2004 Location: Da Island mon!
Posts: 1,310
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Originally Posted by Carl Johnson weak US dollar hurts our economy, don't get too excited | Hence why I want a weaker Canadian dollar.
And the fact I have a USD retention bonus in escrow that clears Nov 1.
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2002 GMC Envoy SLT - Mmm... Heated leather.
2000 Chevrolet Cavalier Z24 - The built, bottled, and extremely obnoxious race car err lawn ornament.
2003 Saturn Ion-2 Sedan - Wife's daily driver.
1965 Chevrolet Nova SS - BBC powered gasser in the making.
1963 Acadian Beaumont Convertible - My silver on red baby.
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10-07-2009, 09:29 AM
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#11 | | Banned (ABWS)
Join Date: Feb 2009 Location: Kits/Richmond
Posts: 4,409
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Originally Posted by MR_BIGGS The Canadian dollar will continue rising. This will hurt the BC economy even more. | The film industry for sure.
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10-07-2009, 01:26 PM
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#12 | | Where's my RS Christmas Lobster?!
Join Date: Nov 2001 Location: Canucksville
Posts: 805
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would it be a good idea this time around to pick up 5 to 10 thousand in usd when it hits par? or its not worth the trouble?
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10-07-2009, 09:05 PM
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#13 | | HELP ME PLS!!!
Join Date: Jan 2004 Location: here
Posts: 5,793
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Originally Posted by Devastator would it be a good idea this time around to pick up 5 to 10 thousand in usd when it hits par? or its not worth the trouble? |
how does exchanging cash work for income taxes? IE if I go buy 10k in US when it's at par and sell it back to the bank later at 85-90 cents. are they going to track this and issue me a T5 or something?
they obviousy don't care about a few hundred when I do that for vacation ect. but there must be an amount they start looking at??.
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10-07-2009, 11:18 PM
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#14 | | Fanboy
Join Date: May 2006 Location: Surrey
Posts: 3,596
Thanked 498 Times in 164 Posts
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i just want to buy a phone from a US seller lol
today it was 95 cents!
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10-07-2009, 11:28 PM
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#15 | | Banned (ABWS)
Join Date: Oct 2006 Location: Richmond
Posts: 5,138
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Originally Posted by johny how does exchanging cash work for income taxes? IE if I go buy 10k in US when it's at par and sell it back to the bank later at 85-90 cents. are they going to track this and issue me a T5 or something?
they obviousy don't care about a few hundred when I do that for vacation ect. but there must be an amount they start looking at??. | this type of thing you can do through FOREX
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10-08-2009, 06:11 PM
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#16 | | HELP ME PLS!!!
Join Date: Jan 2004 Location: here
Posts: 5,793
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Originally Posted by illicitstylz this type of thing you can do through FOREX | or I could walk into the bank and widthdraw 10k in US cash. and deposit it 6 months later. and probably not pay taxes...
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10-10-2009, 11:57 PM
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#17 | | Rs has made me the man i am today!
Join Date: Apr 2004 Location: Vancouver
Posts: 3,073
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Originally Posted by johny how does exchanging cash work for income taxes? IE if I go buy 10k in US when it's at par and sell it back to the bank later at 85-90 cents. are they going to track this and issue me a T5 or something?
they obviousy don't care about a few hundred when I do that for vacation ect. but there must be an amount they start looking at??. | No tax consequences on foreign exchange...
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10-11-2009, 03:56 AM
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#18 | | I keep RS good
Join Date: May 2001 Location: Cosmos
Posts: 28,661
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Originally Posted by johny or I could walk into the bank and widthdraw 10k in US cash. and deposit it 6 months later. and probably not pay taxes... | buying and selling to the bank would be the worst thing you can do, they'll rip you off big time. you could do it at a forex place that accepts cash though.
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10-11-2009, 11:56 AM
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#19 | | OMGWTFBBQ is a common word I say everyday
Join Date: Mar 2002 Location: Vancouver
Posts: 5,468
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Originally Posted by TRDood seems like gold is unstoppable right now... | i'm holding and i'm banking
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10-11-2009, 02:48 PM
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#20 | | OMGWTFBBQ is a common word I say everyday
Join Date: Nov 2005 Location: Vancouver
Posts: 5,146
Thanked 160 Times in 74 Posts
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^Banking at 1050?
that's a major top you know
__________________ Quote:
Originally Posted by Fei-Ji haha i can taste the cum in my mouth | There is a time when you have to sig a post.
It just happened.
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10-12-2009, 03:40 AM
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#21 | | 14 dolla balla aint got nothing on me!
Join Date: Jan 2003 Location: Vancouver
Posts: 635
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almost 0.97
I will exchange some us dollars on tuesday morning. I think early next year, we will see par.
what do you guys think?
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10-12-2009, 09:29 PM
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#22 | | Rs has made me the man i am today!
Join Date: Apr 2004 Location: Vancouver
Posts: 3,073
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Originally Posted by Ulic Qel-Droma buying and selling to the bank would be the worst thing you can do, they'll rip you off big time. you could do it at a forex place that accepts cash though. | I have an ING account...with no service charges....they do take an extra 2% when exchanging but they give monthly interest on all accounts...I don't even need to put it in a GIC
That's better than holding American cash for who knows how long right?
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10-12-2009, 09:36 PM
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#23 | | Diagonally parked in a parallel universe
Join Date: Apr 2008 Location: Vancouver
Posts: 1,486
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ING is currently paying 1.05% per year on their ISAs, it is paid monthly put that only equals 0.0875% per month. If you take a few thousand and buy USD at par or even at todays rate of 1.05 and sit on it, lets say 6 months from now the exchange rate jumps back up to 1.15, thats a 10% profit, $100 profit per $1000 "invested". Now that is worth it to me.
Last edited by skholla; 10-12-2009 at 10:00 PM.
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10-12-2009, 09:37 PM
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#24 | | Diagonally parked in a parallel universe
Join Date: Apr 2008 Location: Vancouver
Posts: 1,486
Thanked 66 Times in 61 Posts
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If you have a hookup through a bank then you can get a bit lower rate than these guys... but if not nobody beats VBCE... http://vbce.ca/ | |
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10-12-2009, 09:50 PM
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#25 | | Orgasm Donor & Alatar owned my ass twice!
Join Date: Mar 2003 Location: Vancouver
Posts: 6,803
Thanked 91 Times in 38 Posts
| Quote:
Originally Posted by waddy41 I have an ING account...with no service charges....they do take an extra 2% when exchanging but they give monthly interest on all accounts...I don't even need to put it in a GIC
That's better than holding American cash for who knows how long right? | Then put the cash in a USD account.
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