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-   Vancouver Off-Topic / Current Events (https://www.revscene.net/forums/vancouver-off-topic-current-events_50/)
-   -   USD to CAD 1.3088 just now (https://www.revscene.net/forums/700996-usd-cad-1-3088-just-now.html)

SpartanAir 12-20-2015 08:35 AM
I get paid occasionally in USD so I opened an account. Then I opened one at TD because they have a USD Visa so I can buy parts online. :fullofwin:

I also cross the border occasionally. Wondering how much USD I should keep though, and how much to sell back to CAD, as I will need that money come tax time.

Either way, the low CAD helps the film industry, which means more work for me!

Jmac 12-20-2015 08:49 AM
Quote:
Originally Posted by nabs (Post 8709228)
I should have bought US currency a month ago when I was thinking about it. Going on a trip in March....
I bought $5k worth of USD when we were at par. Sold when it dropped to $0.80 for a nice 25% return. I wish I'd bought more, but I didn't want to go into debt to do it.

!LittleDragon 12-20-2015 03:44 PM
USD investments + USD dividends every month = awesome :D

BBMme 12-20-2015 03:50 PM
I won't be going down to the states for while

ForbiddenX 12-20-2015 04:11 PM
Quote:
Originally Posted by 4444 (Post 8709065)
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
I get paid in USD and most of my expenses are in CAD so I've been converting it. I'm looking into starting to invest and I'm not sure if I should be investing in Canada or US. Does it matter too much? I'll probably always have a constant stream of USD for the next few years.

jasonturbo 12-20-2015 04:19 PM
CAD will likely continue to slide rather sharply to the low 60's. Why? Because there is nothing to prop it up, we won't raise interest rates, commodity prices expected to stay low as emerging market and China continue to cool off, and the US Fed will keep pushing rates up while their economy continues to grow much faster than ours.

Our single biggest client is basing their 2016 financial forecast around a loonie trading even lower an it is today, they are expecting a .63 loonie by the end of 2016. Ouch.

Timpo 12-20-2015 07:02 PM
oh shit

Traum 12-20-2015 09:36 PM
With the loonie almost certainly heading further down instead of bouncing back, one question is -- do you buy car parts (from the States, obvious) now? or do you put it off until it starts coming back? Could be a loooooooong wait, but I hate the idea of buying something when I don't really need it yet.

radioman 12-20-2015 10:13 PM
yen vs CDN seems to be ok at least.

Still be getting those overnight parts from Japan.

Timpo 12-21-2015 09:09 PM
we have richest middle class

http://www.nytimes.com/2014/04/23/up...ef=upshot&_r=2

kobe tai 12-21-2015 09:38 PM
Quote:
Originally Posted by radioman (Post 8709468)
yen vs CDN seems to be ok at least.

Still be getting those overnight parts from Japan.
yup. cheaper now than from US in most cases.

SoNaRWaVe 12-21-2015 10:03 PM
Quote:
Originally Posted by Timpo (Post 8709781)
thats from APRIL 22, 2014

got something more up to date?

asian_XL 12-22-2015 12:51 AM
Quote:
Originally Posted by Timpo (Post 8709781)
when you take the number of non-productive rich Chinese and living affordability into account, we are not.

jasonturbo 12-22-2015 07:58 AM
According to debt/income ratio we actually have the poorest middle class lol

dat_steve 12-22-2015 09:01 AM
Quote:
Originally Posted by jasonturbo (Post 8709866)
According to debt/income ratio we actually have the poorest middle class lol
https://media.giphy.com/media/12JgIV6zAkYFbi/giphy.gif

Dragon-88 12-22-2015 11:16 AM
Requested a refund for my Lily drone($500USD) I ordered last year, as they have extended the release date to Summer of 2016. I wasnt happy about that and you can get better drones nowadays.

I just made ~$200 from the exchange.. LOL

StylinRed 01-12-2016 05:02 PM
dipped into 0.699 range today

westopher 01-12-2016 05:15 PM
This Mt. Baker trip is gonna fucking suck. Lift tickets will be as expensive as whistler, and the champagne of beers will actually cost as much as champagne.

PiuYi 01-12-2016 05:27 PM
read the thread title and......... :lawl:

bluejays 01-12-2016 09:05 PM
Picked up a set of these today before the dollar gets even shittier.
http://www.evasivemotorsports.com/Bl...s/te37_slb.jpg

CharlesInCharge 01-12-2016 09:16 PM
Could the housing crash be right around the corner?
I would like to see how this corporate profit margin chart looks like now if anyone can find an updated one.
http://www.revscene.net/forums/70265...15-2016-a.html

willystyle 01-13-2016 09:13 AM
Quote:
Originally Posted by CharlesInCharge (Post 8716419)
Could the housing crash be right around the corner?
I highly doubt it, considering the volatility of the Chinese stock market, in addition to our weak dollar, more money should be coming in to Canada from China.

CharlesInCharge 01-13-2016 01:46 PM
How many thousands of Saudi and Chinese million dollar house purchasers wouldve the US needed to stop its 2008 housing crash?

westopher 01-13-2016 02:17 PM
TIL the U.S. housing market = Vancouver housing market. Thanks CIC.

CRS 01-13-2016 02:21 PM
Quote:
Originally Posted by CharlesInCharge (Post 8716419)
Could the housing crash be right around the corner?
I would like to see how this corporate profit margin chart looks like now if anyone can find an updated one.
http://www.revscene.net/forums/70265...15-2016-a.html
Haven't you been predicting the next economic crash for a couple years now?

As well as some sort of human enlightening a year or two back?


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