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12-18-2015, 09:35 PM
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#26 | | I Will not Admit my Addiction to RS
Join Date: Feb 2013 Location: Shaughnessy
Posts: 564
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yay!!
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12-18-2015, 10:10 PM
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#27 | | I am Hook'd on RS
Join Date: Dec 2014 Location: Cloverdale
Posts: 74
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The higher the better 
US income FTW
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12-19-2015, 12:56 AM
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#28 | | I subscribe to Revscene
Join Date: Apr 2012 Location: Vancouver
Posts: 1,996
Thanked 663 Times in 384 Posts
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11 year low... 2011 to 2015 
2003 to 2015  | |
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12-19-2015, 09:03 AM
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#29 | | MiX iT Up!
Join Date: May 2006 Location: vancouver
Posts: 8,133
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The street sign price of gas and C$ used to correlated, anyone got any reasoning as to wtf happened? Or are we just being gouged and the sign price should be 1.01?
That being said, would love to see the above graph, overlayed with price of crude, overlayed with metro vancouver gas prices
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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..
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12-19-2015, 09:13 AM
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#30 | | In RS I Trust
Join Date: Mar 2003 Location: Mission
Posts: 20,633
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Its because the major oils are straight up fucking us and making nothing about money right now. Chevron gas should be lower since its the only refinery in the lower mainland but nope just racking in the dough right now
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12-19-2015, 10:38 AM
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#31 | | I WANT MY 10 YEARS BACK FROM RS.net!
Join Date: Mar 2002 Location: ...
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| You guys are getting facts wrong.
Because many of us consider USA as a global leader of economy, we tend to compare Canadian Dollar against US Dollar.
When you say "Canadian Dollar went down" what does it exactly mean?
It means that Canadian Dollar is lower than US Dollar. Even if Canadian Dollar is climbing up at global scale, compare to any other countries. If it's not climbing as fast as USA, we consider it as going down.
Canadians only value their dollars ONLY in comparison to US Dollar. This creates a huge blind spot because it might actually be climbing up compare to Japanese Yen, UK Pounds, etc.
Look at Russian Ruble and American Dollar... Russian Ruble is climbing up at like crazy. Russian are saying "American dollars are doing downhill at staggering rate"
As of now, Canadians consider America as global leader. In each era, the world had the global leader such as Greek, Roman Empire, etc....and now USA.
Economics professionals are predicting next global leader could be China or India, who knows.
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12-19-2015, 10:52 AM
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#32 | | My homepage has been set to RS
Join Date: Sep 2003 Location: 604
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With the low dollar, and the price of oil being rediculously low (compared to what it was), gas 'should' be under a buck a liter for us. Especially since it's not even summer/peak driving time. We're straight up getting prison raped.
Going to Vegas in a few weeks... what started as a cheap getaway, is becoming more and more costly. That's ok, I'm gonna win it all back at the blackjack tables...    | |
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12-19-2015, 12:09 PM
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#33 | | Willing to sell body for a few minutes on RS
Join Date: Apr 2011 Location: North vancouver
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What happened in 2009 to fuck the show up so badly for Canada that quickly, along with such a quick rebound?
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98 technoviolet M3/2/5 Quote:
Originally Posted by boostfever  Westopher is correct. | Quote:
Originally Posted by fsy82 seems like you got a dick up your ass well..get that checked | Quote:
Originally Posted by punkwax Well.. I’d hate to be the first to say it, but Westopher is correct. | | 
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12-19-2015, 12:46 PM
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#34 | | Fathered more RS members than anybody else. Who's your daddy?
Join Date: Aug 2002
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Just got back from my weekly trip to Bellingham. 92 octane at Costco was 2.16 / gal. Regular was $1.96. Not bad for top tier gas, yeah?
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Dirty look from MG1 can melt steel beams.
"There must be dissonance before resolution - MG1" a musical reference.
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12-19-2015, 01:05 PM
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#35 | | I WANT MY 10 YEARS BACK FROM RS.net!
Join Date: Mar 2002 Location: ...
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Why did people fail me for above post? I thought I made a pretty good point.
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12-19-2015, 01:20 PM
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#36 | | I am Hook'd on RS
Join Date: Dec 2014 Location: Cloverdale
Posts: 74
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Because our dollar is lower against almost all currencies evenly, not just the US. The Euro, Rupee, almost any currency is lower. Our dollar is worth less all across the world, not just the US.
(At least that's what I think. Always open to a discussion  )
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12-19-2015, 01:21 PM
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#37 | | God of Unce
Join Date: May 2008 Location: ASOT
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Our economy is tankin like the Nucks. 
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UNCE! UNCE! UNCE! UNCE! UNCE! UNCE! UNCE! UNCE! UNCE! | |
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12-19-2015, 01:25 PM
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#38 | | WOAH! i think Vtec just kicked in!
Join Date: Oct 2010 Location: Port Moody
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Originally Posted by Timpo Why did people fail me for above post? I thought I made a pretty good point. | You list these points about how Canadians only relate our dollar to the American dollar, but yet you give no example of how our dollar has increased compared to further countries. If you are going to make a statement at least back it up with stats.
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12-19-2015, 01:25 PM
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#39 | | I have named my kids VIC and VLS
Join Date: Oct 2001
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So if you're holding USD should you sell?
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Dank memes cant melt steel beams
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12-19-2015, 01:40 PM
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#40 | | Rs has made me the man i am today!
Join Date: Dec 2003 Location: Cnd
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Originally Posted by Hondaracer So if you're holding USD should you sell? |
I would wait, prediction says its gonna drop to 60
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12-19-2015, 02:16 PM
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#41 | | I contribute to threads in the offtopic forum
Join Date: Jun 2006 Location: not vancouver
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Originally Posted by Hondaracer So if you're holding USD should you sell? | why are you holding USD in the first place?
for example, say you hold CAD, USD, and EUR - why would you sell USD and be overweight CAD? Did you buy USD to play the currency game? if so, then sell half and take in that gain, sell the rest later on (either up or down).
if you hold USD to be diversified, then re balance.
if you sell USD/buy CAD, what will you do with it? invest in TSX? I'd rather hold USD in S&P500 and CAD in TSX (if you hold S&P500 in CAD, you are actually holding S&P500 in USD, unless you buy a hedged etf (which is a stupid idea))
to answer your question - there is no answer, do what's in your plans
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12-19-2015, 02:18 PM
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#42 | | I contribute to threads in the offtopic forum
Join Date: Jun 2006 Location: not vancouver
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Originally Posted by Armind Our economy is tankin like the Nucks. | this (and the fact that the CAD is a petro dollar) is all there is to it.
rates rising in US, we may have to follow suit but that will kill what little economy we have.
i wouldn't be so up on the whole "canada is immune to the laws of economics" BS that has emanated in this country for far too long. shit is about to hit the fan big time.
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12-19-2015, 02:57 PM
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#43 | | I have named my kids VIC and VLS
Join Date: Oct 2001
Posts: 36,432
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Originally Posted by 4444 why are you holding USD in the first place?
for example, say you hold CAD, USD, and EUR - why would you sell USD and be overweight CAD? Did you buy USD to play the currency game? if so, then sell half and take in that gain, sell the rest later on (either up or down).
if you hold USD to be diversified, then re balance.
if you sell USD/buy CAD, what will you do with it? invest in TSX? I'd rather hold USD in S&P500 and CAD in TSX (if you hold S&P500 in CAD, you are actually holding S&P500 in USD, unless you buy a hedged etf (which is a stupid idea))
to answer your question - there is no answer, do what's in your plans | got like 5k in an american account which i've had for quite some time, essentially for spending down there and trips etc.
if i was planning a trip say, to DisneyLand, would it be better for me to sell off the USD for CAD and pay for the trip through like an aircanada vacations etc?
or keep the money and use it while there? essentially spending money
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Dank memes cant melt steel beams
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12-19-2015, 03:02 PM
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#44 | | I *Fwap* *Fwap* *Fwap* to RS
Join Date: May 2007 Location: Burnaby
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if you had the funds there initially to use it for expenses down south, keep it down there for expenses. i would use the cad you have now to pay for airfare and what not. if you convert your usd to cad to pay for airfare, and you travel quite abit, you will eventually run out of usd and then take the rape conversion. make that usd last as long as possible.
unless you are in need of cad funds, then by all means sell the usd into cad.
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12-19-2015, 03:36 PM
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#45 | | I contribute to threads in the offtopic forum
Join Date: Dec 2011 Location: BC
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So is our CAD at $1.40 or not?
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Integra Type R 00-0853
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12-19-2015, 03:40 PM
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#46 | | I contribute to threads in the offtopic forum
Join Date: Jun 2006 Location: not vancouver
Posts: 2,642
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Originally Posted by Hondaracer got like 5k in an american account which i've had for quite some time, essentially for spending down there and trips etc.
if i was planning a trip say, to DisneyLand, would it be better for me to sell off the USD for CAD and pay for the trip through like an aircanada vacations etc?
or keep the money and use it while there? essentially spending money | if it's spending money, just keep it (assuming you will be going to US at some point in near future).
if you sold it at 1.39 now, i can almost guarantee you will buy back at 1.45 or 1.50 when you have to go. it's sod's law
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12-19-2015, 03:41 PM
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#47 | | I contribute to threads in the offtopic forum
Join Date: Jun 2006 Location: not vancouver
Posts: 2,642
Thanked 1,941 Times in 765 Posts
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Originally Posted by tegra7 So is our CAD at $1.40 or not? | XE - The World's Trusted Currency Authority
for real time quotes (rounded, yes, 1.40)
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12-19-2015, 04:28 PM
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#48 | | WOAH! i think Vtec just kicked in!
Join Date: Apr 2004 Location: Vancouver
Posts: 1,687
Thanked 731 Times in 294 Posts
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Originally Posted by Lowered_Klass With the low dollar, and the price of oil being rediculously low (compared to what it was), gas 'should' be under a buck a liter for us. Especially since it's not even summer/peak driving time. We're straight up getting prison raped.
Going to Vegas in a few weeks... what started as a cheap getaway, is becoming more and more costly. That's ok, I'm gonna win it all back at the blackjack tables... | yup, we are totally getting hosed. Quote:
It's not your imagination — gasoline prices in Canada should be a lot lower than they are right now.
That's according to Benjamin Reitzes, an economist at Bank of Montreal, who said the price Canadians pay at the pump should be a lot lower than it currently is based on the plunging price of a barrel of crude.
"Simply, consumers don't appear to be reaping the full benefit of lower oil prices," Reitzes said, noting that Canadians are still paying more than $1 per litre in many markets, despite Brent crude prices falling to levels they haven't been at since 2008, when gasoline bottomed out at 76.5 cents per litre in Canada.
| Gas should be much cheaper with fall in oil prices, BMO says - Business - CBC News | |
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12-19-2015, 04:45 PM
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#49 | | RS has made me the bitter person i am today!
Join Date: Aug 2002 Location: Bootyville
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I remember all these Chickenhawks in the US licking their chops at investing in Iraqi currency in the lead up to the war. They thought the value would skyrocket once the US took over. I never heard how that worked out for them.
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LEAFS! | |
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12-19-2015, 10:50 PM
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#50 | | MOD MOD MOD MOD MOD
Join Date: Dec 2003 Location: vancouver
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I should have bought US currency a month ago when I was thinking about it. Going on a trip in March....
__________________ Quote: | [03-07, 03:26] Yodamaster - The feeling when you quickly insert without hitting the sides | | |
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