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Vancouver Off-Topic / Current Events The off-topic forum for Vancouver, funnies, non-auto centered discussions, WORK SAFE. While the rules are more relaxed here, there are still rules. Please refer to sticky thread in this forum.

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Old 12-18-2015, 10:35 PM   #26
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Old 12-18-2015, 11:10 PM   #27
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The higher the better
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Old 12-19-2015, 01:56 AM   #28
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Old 12-19-2015, 10:03 AM   #29
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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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Old 12-19-2015, 10:13 AM   #30
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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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Old 12-19-2015, 11:38 AM   #31
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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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Old 12-19-2015, 11:52 AM   #32
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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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Old 12-19-2015, 01:09 PM   #33
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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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seems like you got a dick up your ass well..get that checked
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Old 12-19-2015, 01:46 PM   #34
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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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Old 12-19-2015, 02:05 PM   #35
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Why did people fail me for above post? I thought I made a pretty good point.
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Old 12-19-2015, 02:20 PM   #36
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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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Old 12-19-2015, 02:21 PM   #37
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Our economy is tankin like the Nucks.
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Old 12-19-2015, 02:25 PM   #38
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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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Old 12-19-2015, 02:25 PM   #39
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So if you're holding USD should you sell?
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Old 12-19-2015, 02:40 PM   #40
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So if you're holding USD should you sell?

I would wait, prediction says its gonna drop to 60
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Old 12-19-2015, 03:16 PM   #41
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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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Old 12-19-2015, 03:18 PM   #42
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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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Old 12-19-2015, 03:57 PM   #43
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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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Old 12-19-2015, 04:02 PM   #44
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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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Old 12-19-2015, 04:36 PM   #45
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So is our CAD at $1.40 or not?
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Old 12-19-2015, 04:40 PM   #46
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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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Old 12-19-2015, 04:41 PM   #47
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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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Old 12-19-2015, 05:28 PM   #48
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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...
yup, we are totally getting hosed.

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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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Old 12-19-2015, 05:45 PM   #49
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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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Old 12-19-2015, 11:50 PM   #50
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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....
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