[multicartual]

Bank of Canada shocks markets with cut in key interest rate - Business - CBC News (http://www.cbc.ca/news/business/bank-of-canada-shocks-markets-with-cut-in-key-interest-rate-1.2921370)


BAM!!!

[meme405]

What'd you just wake up? This is being discussed in like 3 different threads already.

[hchang]

Bank of Canada shocks markets with cut in key interest rate - Business - CBC News (http://www.cbc.ca/news/business/bank-of-canada-shocks-markets-with-cut-in-key-interest-rate-1.2921370)


BAM!!!

Outta curiousity why are you for the Canadian dollar dropping...?

[fliptuner]

Outta curiousity why are you for the Canadian dollar dropping...?

Prob US income.

[GLOW]

Bank of Canada shocks markets with cut in key interest rate - Business - CBC News (http://www.cbc.ca/news/business/bank-of-canada-shocks-markets-with-cut-in-key-interest-rate-1.2921370)


BAM!!!

http://rushmessageboard.com/public/style_emoticons/default/EMERIL%20BAM%20crop.jpg

i've wondered if a weak cdn dollar will slow down shopping trips down to bellingham...guess we'll see...

[multicartual]

Prob US income.


I've been doing Forex trading too...


Wonder if the sharp drop in the dollar will affect housing prices?

[bumsuck]

I've been doing Forex trading too...


Wonder if the sharp drop in the dollar will affect housing prices?

Are you following the MASTER FOREX TRADER'S FIVE EASY STEPS TO MAKE $30,000 IN FIVE MINUTES?

[multicartual]

Are you following the MASTER FOREX TRADER'S FIVE EASY STEPS TO MAKE $30,000 IN FIVE MINUTES?



This guy on a torrent site... he selected ME to let me in on a secret that let him have 5 bank accounts with a balance over 100k. No shit! I was surprised too that a popup would let me in on such an exclusive club but hey, whatever man!

[Ulic Qel-Droma]

if u look at long term weekly or monthly charts cad has been here many times.

i still think cad can go lower.

[twitchyzero]

it took years to climb to parity...but weeks to drop like a fly

[HonestTea]

if u look at long term weekly or monthly charts cad has been here many times.

i still think cad can go lower.

+1

I'm thinking it will drop to around 1.30

[LC21]

More of a reason to get taxed at the border now. Shi...:heckno:

[The_AK]

good thing I finished parts shopping a few days ago

[Ducdesmo]

My friend cashed in bigtime converting all his CDN to USD when it was at par...made about 100k. God I wish I had the balls to do that.

[InvisibleSoul]

My friend cashed in bigtime converting all his CDN to USD when it was at par...made about 100k. God I wish I had the balls to do that.

So he converted $500k?

God I wish I had $500k.

[J89]

Fuck going to Vegas next week called the currency exchange place and :ohgodwhy:

[tiger_handheld]

Outta curiousity why are you for the Canadian dollar dropping...?

Cheap gas bro!

[Ducdesmo]

Correct. He is a smart kid, has a PHD and CFA.

[snails]

been waiting to order my wheels/tires.. guess im waiting even longer

[Lomac]

Outta curiousity why are you for the Canadian dollar dropping...?

It's also potentially good news for various industries. Lower CAD means more tourists from the border states and more potential films being made in Hollywood North. Gods know Vancouver needs every little bit of help it can get when it comes to that industry as of late.

[blkgsr]

while putting a big hurt on the construction industry where the majority of materials come out of the states

[Lomac]

while putting a big hurt on the construction industry where the majority of materials come out of the states

Meh, so long as my industry is doing fine...

:troll:

:p

[asian_XL]

So he converted $500k?

God I wish I had $500k.

I also have an imaginary friend who won a lottery and bought 50 hookers

[Lomac]

I also have an imaginary friend who won a lottery and bought 50 hookers

You're friends with the Sandwich Nazi too? Good ol' Salam... :lol

[asian_XL]

hit 1.40 today...holy shit

[Gululu]

yay!!

[thebrownboy]

The higher the better :alonehappy:
US income FTW

[CharlesInCharge]

11 year low...
2011 to 2015
http://i.imgur.com/j6pFcpi.jpg


2003 to 2015
http://i.imgur.com/ht25qcc.jpg

[tiger_handheld]

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

[murd0c]

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

[Timpo]

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.

[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...
:accepted::badpokerface::drunk:

[westopher]

What happened in 2009 to fuck the show up so badly for Canada that quickly, along with such a quick rebound?

[MG1]

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?

[Timpo]

Why did people fail me for above post? I thought I made a pretty good point.

[thebrownboy]

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 :) )

[Armind]

Our economy is tankin like the Nucks. :lawl:

[TjAlmeida]

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.

[Hondaracer]

So if you're holding USD should you sell?

[Doubl3_H]

So if you're holding USD should you sell?


I would wait, prediction says its gonna drop to 60

[4444]

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

[4444]

Our economy is tankin like the Nucks. :lawl:
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.

[Hondaracer]

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

[SoNaRWaVe]

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.

[tegra7]

So is our CAD at $1.40 or not?

[4444]

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

[4444]

So is our CAD at $1.40 or not?
XE - The World's Trusted Currency Authority (http://www.xe.com/?r=)
for real time quotes (rounded, yes, 1.40)

[iEatClams]

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...
:accepted::badpokerface::drunk:

yup, we are totally getting hosed.



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 (http://www.cbc.ca/news/business/bmo-gasoline-prices-oil-1.3365821)

[Bouncing Bettys]

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.

[nabs]

I should have bought US currency a month ago when I was thinking about it. Going on a trip in March....

[SpartanAir]

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]

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]

USD investments + USD dividends every month = awesome :D

[BBMme]

I won't be going down to the states for while

[ForbiddenX]

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]

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]

oh shit

[Traum]

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]

yen vs CDN seems to be ok at least.

Still be getting those overnight parts from Japan.

[Timpo]

we have richest middle class

http://www.nytimes.com/2014/04/23/upshot/the-american-middle-class-is-no-longer-the-worlds-richest.html?rref=upshot&_r=2

[kobe tai]

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]

we have richest middle class

http://www.nytimes.com/2014/04/23/upshot/the-american-middle-class-is-no-longer-the-worlds-richest.html?rref=upshot&_r=2

thats from APRIL 22, 2014

got something more up to date?

[asian_XL]

we have richest middle class

http://www.nytimes.com/2014/04/23/upshot/the-american-middle-class-is-no-longer-the-worlds-richest.html?rref=upshot&_r=2

when you take the number of non-productive rich Chinese and living affordability into account, we are not.

[jasonturbo]

According to debt/income ratio we actually have the poorest middle class lol

[dat_steve]

According to debt/income ratio we actually have the poorest middle class lol

https://media.giphy.com/media/12JgIV6zAkYFbi/giphy.gif

[Dragon-88]

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]

dipped into 0.699 range today

[westopher]

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]

read the thread title and......... :lawl:

[bluejays]

Picked up a set of these today before the dollar gets even shittier.
http://www.evasivemotorsports.com/Blogpics/wheels/te37_slb.jpg

[CharlesInCharge]

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/702654-next-economic-crash-coming-2015-2016-a.html

[willystyle]

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]

How many thousands of Saudi and Chinese million dollar house purchasers wouldve the US needed to stop its 2008 housing crash?

[westopher]

TIL the U.S. housing market = Vancouver housing market. Thanks CIC.

[CRS]

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/702654-next-economic-crash-coming-2015-2016-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?

[MG1]

Just have to ride it out.......... as long as it doesn't dip into the 60¢ mark, lol.

[Durrann]

there was a flight deal to LA for $65 round trip. would it be enough for you guys to entice you to go?

[AzNightmare]

:lol
Just saw this thread bumped up at the top.
I was like. 1.24? holy shit, what happen? Dollar is :notbad:

Funny how a year ago, we were bitching about 1.24.
Now if only it was still 1.24... :okay:

[white rocket]

Jan. 21, 2015 I'm thinking it will drop to around 1.30

winning user name for this prediction. Ha!

PogChamp BrokeBack PJSalt :drunk:

[Gh0stRider]

thread title fixed

[BBMme]

I'm so sad

[MG1]

Canadian Dollar Forecast To Fall To 59 Cents U.S. As Economic Clouds Darken (http://www.huffingtonpost.ca/2016/01/13/canadian-dollar-forecast_n_8968974.html)

Now I'm sad.

[MG1]

https://www.crossbordershopping.ca/us-gas-savings-calculator

gas is still cheaper down south, damn.


http://www.washingtongasprices.com/Bellingham/index.aspx

[Special K]

this is depressing. No more shopping

[Gh0stRider]

so, i should buy all the car parts now. fuck

[CharlesInCharge]

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?I dont know about the human enlightening... but Ive always warned of a housing crash and was predicting Sept to be the beginning of the a big crash... especially 2016 as its the Jubilee year of the Shemitah calendar.
Had anyone listened to my advice, which was sell any property and convert Canadian currency to the Ruble... they wouldve been a few years ahead in life had they been holding a good amount of saved of money.

[Mr.HappySilp]

I dont know about the human enlightening... but Ive always warned of a housing crash and was predicting Sept to be the beginning of the a big crash... especially 2016 as its the Jubilee year of the Shemitah calendar.
Had anyone listened to my advice, which was sell any property and convert Canadian currency to the Ruble... they wouldve been a few years ahead in life had they been holding a good amount of saved of money.

LOL Mind as well convert to RMB or Yen.

[whitev70r]

Tourism Canada says thanx. Whistler is having record year. Airport outlet mall says :chairdance:

[Mr.HappySilp]

Tourism Canada says thanx. Whistler is having record year. Airport outlet mall says :chairdance:

I still haven't been to the new outlet that was open last year......

[jasonturbo]

Loonie is down almost $0.10 in 3 months or 13%.

Ouch.

This is why I rushed out and bought all my NSX parts in the fall lol

[MG1]

and the slide continues.............. fuark.

[whitev70r]

Is this related to Trudeau in power (spending into deficit) or is this just reaction to oil, panic, China, etc.

Could Harper protect the value of the dollar any better?

[hypediss]

Is this related to Trudeau in power (spending into deficit) or is this just reaction to oil, panic, China, etc.

Could Harper protect the value of the dollar any better?

lol wtf?

[tool001]

Is this related to Trudeau in power (spending into deficit) or is this just reaction to oil, panic, China, etc.

Could Harper protect the value of the dollar any better?



sure y not "whitey 70 year old"

[willystyle]

Is this related to Trudeau in power (spending into deficit) or is this just reaction to oil, panic, China, etc.

Could Harper protect the value of the dollar any better?
Trudeau has only been in power for 2 months. Harper had been PM for 8 years.

Try again!

[Tegra_Devil]

what are the big reasons for the slide? oil

[MG1]

Canadian dollar will drop to 59 cents US in 2016, Macquarie forecasts - Business - CBC News (http://www.cbc.ca/news/business/macquarie-loonie-forecast-1.3401644)

[HonestTea]

Jan. 21, 2015

winning user name for this prediction. Ha!

PogChamp BrokeBack PJSalt :drunk:

:)

[flagella]

Stop getting drowned with all the news talking about forecasts from banks. Most forecasts end up being wrong.

Here's something a bit more meaningful to read: How low can the loonie go? A look at how to decide: Don Pittis - Business - CBC News (http://www.cbc.ca/news/business/canadian-dollar-fall-rise-future-1.3401876)

[asian_XL]

when it hits 1.5 I will move back from Asian and buy property like a China man.

[StylinRed]

I converted my USD too soon :/

Wonder if I should switch it back and see if the exchange gets worse

[Timpo]

Canadian dollar and oil slide to 13-year lows, stocks sell off

Canadian dollar and oil slide to 13-year lows, stocks sell off - Business - CBC News (http://www.cbc.ca/news/business/markets-dollar-oil-1.3405067)

[MG1]

Trip to see friends in LA are now on hold. They can come up here to see me and do some vacationing at a damn good discount, instead.

[asian_XL]

1 USD = 1.45410 CAD
1 CAD = 0.687711 USD

[iEatClams]

fuck, produce and groceries are soo expensive now. It's weird, felt like the price doubled from last year, but dollar didn't go down by as much.

[westopher]

Its winter. Pay attention to what you are buying. A lot of it has nothing to do with currency and everything to do with weather.

[iEatClams]

read some articles - basically says veggies like cauliflower up due most to the drought in Cali and a bit to the low Canadian dollar. I notice broccoli and certain lettuce also got more expensive as well.

Man, I love cauliflower and broccoli . . . :QQ:

[westopher]

read some articles - basically says veggies like cauliflower up due most to the drought in Cali and a bit to the low Canadian dollar. I notice broccoli and certain lettuce also got more expensive as well.

Man, I love cauliflower and broccoli . . . :QQ:
Notice how EVERY single article cites cauliflower as an example? Maybe a bit of sensationalism (vancitybuzz syndrome) going on there?
Either way, this could be the perfect opportunity to revisit concentrating on a very lucrative industry in Canada. Farming. Food is more important to the world than oil is.
Now since the shitty head of cauliflower shipped in from California in the back of a semi truck that was harvested 3 weeks ago costs so much, you can look into some higher quality, fresher more sustainable food thats close to home.
Unfortunately its not the best time of the year for it, but its something to pay attention to.

[Timpo]

read some articles - basically says veggies like cauliflower up due most to the drought in Cali and a bit to the low Canadian dollar. I notice broccoli and certain lettuce also got more expensive as well.

Man, I love cauliflower and broccoli . . . :QQ:

B.C. veggie farmers hoping for boost from low Canadian dollar - British Columbia - CBC News (http://www.cbc.ca/news/canada/british-columbia/b-c-veggie-farmers-hoping-for-boost-from-low-canadian-dollar-1.3407563)

[4444]

I converted my USD too soon :/

Wonder if I should switch it back and see if the exchange gets worse

that's gambling - just enjoy the 'win' you got, and go from there with your cash plan / investment plan

[SumAznGuy]

Notice how EVERY single article cites cauliflower as an example? Maybe a bit of sensationalism (vancitybuzz syndrome) going on there?
Either way, this could be the perfect opportunity to revisit concentrating on a very lucrative industry in Canada. Farming. Food is more important to the world than oil is.
Now since the shitty head of cauliflower shipped in from California in the back of a semi truck that was harvested 3 weeks ago costs so much, you can look into some higher quality, fresher more sustainable food thats close to home.
Unfortunately its not the best time of the year for it, but its something to pay attention to.

Cauliflower prices have come down a lot.
If anyone is selling them for more than $4 a head, they are a rip off.
Broccoli is also much cheaper, should be closer to $2.49 per lb.

***Edit***

3 weeks for Cauliflower from California is not correct.
Say they pick on Sunday, load on Monday and it is only a 3 day journey so they arrive on Thursday and go to the stores on Fri or Saturday.
At most, I would say the product is 1 week old by the time we consume it.

***Edit***

Green onions, Cilantro and other Mexican stuff not so much.

Produce has been affected by the exchange rate, but more of the price increase is due to weather, Obama, more profits in other crops.
This weekend, there was some pretty nasty weather in Florida.
This will drive east coast demand up for Mexican and California produce.
Freeze during Christmas has hurt a lot of the mexican crops.
Currently, rain in California has/will affect crops from California for the next little while.
California was in a heavy drought for the past 2 years, so that plus extreme heat had affected their product this past summer.

Obama's welfare plus the crack down on illegal Mexican workers have reduced the amount of farm workers available.
Plus, whatever workers are left, they rather work certain crops that require less bend/stretching or pay more money ie medicinal marijuana

To be honest, concentrating on local farmer is not the solution as we live in a rain/winter climate and lack of people willing to work on the farms. But I'll leave that for another discussion.

[iEatClams]

Not sure where you finding $4 a head cauliflower. Superstore, save ons, buy low all have it at $6-7 a head last week. Was at superstore last night and it was $6 a head. I don't have Costco membership or anything like that. Local grocers are usually cheaper but don't have all the produce and household stuff.

Hook us up with the cheap produce!

[dat_steve]

I honestly didn't think this many people would care about or eat cauliflower haha

[SumAznGuy]

Not sure where you finding $4 a head cauliflower. Superstore, save ons, buy low all have it at $6-7 a head last week. Was at superstore last night and it was $6 a head. I don't have Costco membership or anything like that. Local grocers are usually cheaper but don't have all the produce and household stuff.

Hook us up with the cheap produce!

That was last week.
I am talking about this week.
Some stores are now down to $1 per lb.
So depending if they are carrying small heads or med size head.
Med size would be $4 or less per head.
Small heads are around $2-3 per head.

[MG1]

Never mind cauliflower talk, most of short and medium rice sold here comes from the US. Kokuho Rose for sushi rice. Damn, probably gonna go up each shipment. Prices go up quickly, going back down, not so much.

On a side note, rice in Asia was currency.

[SumAznGuy]

Never mind cauliflower talk, most of short and medium rice sold here comes from the US. Kokuho Rose for sushi rice. Damn, probably gonna go up each shipment. Prices go up quickly, going back down, not so much.

On a side note, rice in Asia was currency.

Did a little trading in rice way back when.
Rice is very much like oil.
Because rice is dried and doesn't go bad, people tend to store them in warehouses and sell them when the market is short, ie higher ROI.
But not so much locally now that costs of warehousing has gone up.

[unit]

you guys think thats bad? donalds market had asparagus for $11.99/lb
i never buy that stuff unless its like $2.99/lb or less, $11.99/lb means a bundle is going to be like $15+

[SumAznGuy]

you guys think thats bad? donalds market had asparagus for $11.99/lb
i never buy that stuff unless its like $2.99/lb or less, $11.99/lb means a bundle is going to be like $15+

I can't say too much for fear of getting in trouble at my job, but I do expect these slightly higher prices to be the new norm for produce for the next little while.

35% increase in exchange rate.

Farmers losing too much money over the past 5 years so everyone is cutting back, and add in the other factors I already mentioned.
But don't worry. Once the farmers see how much profit they made this winter, that is the dangling carrots to entice them to grow more this summer/fall.

In general, most crops take 90 from planting the seeds to being able to harvest the item.

[dat_steve]

fuck foie gras, gimme some dat cauliflower and a$paraga$$$!!

[ZN6]

Did a little trading in rice way back when.
Rice is very much like oil.
Because rice is dried and doesn't go bad, people tend to store them in warehouses and sell them when the market is short, ie higher ROI.
But not so much locally now that costs of warehousing has gone up.

Lol, I remember when rice was in major shortage. Congee king gave me like 12 grains of rice in my water they like to call congee. That or my bowl was not clean and they gave me a dirty bowl full of left overs diluted with hot water from the last table.

[sam0m0]

Global news was just talking about cauliflower. Kins market is selling 2 heads for 4 dollars now.

[westopher]

I didn't know our entire food supply was quantified by cauliflower.
If you guys are stressing that bad about the expensive foods, just know you can get steelhead trout for less than asparagus.
I know what I'd rather have for dinner tonight.

[TOS'd]

you guys think thats bad? donalds market had asparagus for $11.99/lb
i never buy that stuff unless its like $2.99/lb or less, $11.99/lb means a bundle is going to be like $15+

It's costing them almost $10/lb, so the mark up isn't that much(relative). But yea, probably best not to spend your money on asparagus until its local and not imported.

[StylinRed]

the only veggies/fruits i'll pay an insane price for are Lychees and Cherries

everything else can skyrocket if it wants i'll just eat leaves off of a tree :lol

[MG1]

Strawberries.............. mmmmmmmmmmmm, strawberries. Good thing I have a shitload during summer. Have a bunch frozen from last year's bumper crop. All of a sudden, my backyard is going to be so important. Gonna have to get rid of the weeds and put up planter boxes and greenhouses.

[SumAznGuy]

It's costing them almost $10/lb, so the mark up isn't that much(relative). But yea, probably best not to spend your money on asparagus until its local and not imported.

Good luck on that. Local asparagus is a 2-3 week window during the early summer.
The rest of the time, it is from Peru, Aust, NZ, Mex, Calif, or Washington.

Not a lot of people grow it commercially locally.

[TOS'd]

Meant to say closer than Mexico, like when it's from Washington state it's not that expensive.

[Nlkko]

Canadian economy is taking a vacation along with commodities market and you guys worrying about cauliflower and asparagus's price. Talking about priorities.

[westopher]

What do you think is the most important thing people spend their money on?
People need food more than iPhones and gas.

[iEatClams]

it's not just cauliflower, staples like rice and other veggies/foods are also going up.

[thebrownboy]

Most things food wise (grown not manufactured) will be going up in price if they haven't already. Doesn't just have to do with our weak dollar but also what is happening in the world.

California had most of it's production cut almost in half last year because of the drought. They're one of our big suppliers for vegetables and nuts. And this is happening all over the world.

[invader]

Canadian banks making good coin off of giving shitty exchange rates for those selling USD.

I cashed out at 0.68 last week, its 0.69 today.

[GS8]

it's not just cauliflower, staples like rice and other veggies/foods are also going up.

What about Clams?

:QQ:

[Verdasco]

What about Clams?

:QQ:

you can get that locally if you know what i mean huhuheuhue :badpokerface:

[westopher]

Avoid the discount clams.

[zetazeta]

CAD and Oil made huge gains today.. :O

[StylinRed]

some hedge funds must have decided to buy in to oil today, will probably correct itself by the afternoon/tomorrow :D or they got inside info and are pouncing on it... both likely :D

[Berzerker]

What do you think is the most important thing people spend their money on?
People need food more than iPhones and gas.

You take that back. You take that back right now! How will I know what to buy if I don't have my shopping list on my phone? How will I get there to buy it if I don't have gas?!?!?!

Berz out.

[westopher]

"A man has died from starvation after being found with dead iPhone battery and empty tank in car."
- Some Alberta newspaper

[smoothie.]

[Farm Boy] Cauliflower 2 for $4 | Bag of 12 Oranges - 2 for $5 - RedFlagDeals.com Forums (http://forums.redflagdeals.com/farm-boy-cauliflower-2-4-bag-12-oranges-2-5-a-1908639/)

cauliflower crisis averted.

[unit]

remember when green onions were like 0.50c or less per bundle? and when parsley and cilantro was about the same? #neverforget

[jeedee]

remember when the CDN dollar was equal to / greater than the US dollar back in the day? #neverforget

:okay:

[hotjoint]

remember when the CDN dollar was equal to / greater than the US dollar back in the day? #neverforget

:okay:

Those were the days....

[dat_steve]

i actually remember scoffing at a lady who tried to pay with USD at a safeway when we were over par HAHA what a fool i was...

[sdubfid]

Americans are getting stronger. Twenty years ago, it took two people to carry ten dollars' worth of groceries. Today, a five year old can do it. -Henny Youngman

[Timpo]

$1 Canadian = $0.71 US

Looks slightly better

[twitchyzero]

someone's actively updating the thread title
dat dedication

[AzNightmare]

damn... if only it was still 1.41. :okay:

[smoothie.]

it is pretty much

[zetazeta]

Wow CAD with another strong surge

[white rocket]

Back into the 70's now. Oil prices had a quick bump too.

[SumAznGuy]

Gas was $1.009 last night. So close to sub $1.

[Tegra_Devil]

94 premium is 99.9 here in kamloops. costco is 89.9 for their premium

[Berzerker]

Were down to .90 here in Smithers... Pretty awesome seeing the liters go up faster than the dollars.

Berz out.

[Gh0stRider]

someone's actively updating the thread title
dat dedication

;)

[Gh0stRider]

Cauliflower prices return to normal across Metro Vancouver - British Columbia - CBC News (http://www.cbc.ca/news/canada/british-columbia/cauliflower-prices-return-to-normal-across-metro-vancouver-1.3427898)

[ForbiddenX]

1.37 today.

Kind of regret not exchanging earlier :(. When is usually the best time to exchange? As soon as it goes downwards or do you wait until it goes back up?

[unit]

if you think its cheap, then buy now and sell later when its not.
trying to time the swings is pretty hard to do and you may as well be at the casino if you're relying on that sort of luck.

[CRS]

1.37 today.

Kind of regret not exchanging earlier :(. When is usually the best time to exchange? As soon as it goes downwards or do you wait until it goes back up?

If people could predict this, they would make a killing on exchange.

[nabs]

US dollar dropped 2% today.. gonna wait until Friday

[Verdasco]

If people could predict this, they would make a killing on exchange.

except they do and wont tell us anything :badpokerface:

[CRS]

except they do and wont tell us anything :badpokerface:

If they told everyone, they would no longer be making a killing :badpokerface:

[ForbiddenX]

Yea I get that it's pretty hard to predict, but was wondering if there's anything I could take a look at to see if it's generally a good time to exchange. ie: as soon as it starts swinging the other way

[MG1]

well, that's the price of premium gas in Burnaby right now. :okay:




as opposed to premium gas at Costco in Bellingham


gotta get more black garbage bags

[Mikoyan]

I got bored at work one night years ago and made an excel spreadsheet that would take into consideration; the gas prices, exchange, how far you needed to drive to the US and back, the cost in gas, and your vehicle's estimated gas efficiency to calculate if it was worth driving down for gas.

I should see if I still have it...

[SumAznGuy]

I got bored at work one night years ago and made an excel spreadsheet that would take into consideration; the gas prices, exchange, how far you needed to drive to the US and back, the cost in gas, and your vehicle's estimated gas efficiency to calculate if it was worth driving down for gas.

I should see if I still have it...

Should also factor in opportunity cost in how much time is spent and put in a dollar value for that time.
ie if you work and make $20 per hour then use $20 per hour for time spent to drive across the border and back factoring in different amounts of time one may need to cross the border.

[Mikoyan]

Should also factor in opportunity cost in how much time is spent and put in a dollar value for that time.
ie if you work and make $20 per hour then use $20 per hour for time spent to drive across the border and back factoring in different amounts of time one may need to cross the border.

I thought about it, but I wasn't that bored.

[unit]

Should also factor in opportunity cost in how much time is spent and put in a dollar value for that time.
ie if you work and make $20 per hour then use $20 per hour for time spent to drive across the border and back factoring in different amounts of time one may need to cross the border.

opportunity cost isnt always fair to calculate though if you'd otherwise be watching tv or jerking off after work.

[Lomac]

Should also factor in opportunity cost in how much time is spent and put in a dollar value for that time.
ie if you work and make $20 per hour then use $20 per hour for time spent to drive across the border and back factoring in different amounts of time one may need to cross the border.

But if you're crossing the border to do something else anyway, there's no monetary loss to factor in for wasted wages.

[SumAznGuy]

I thought about it, but I wasn't that bored.

Would be interesting to add that part in.
You hear of people driving 10 minutes out of their way or waiting for 30 minutes in line to save $2 of gas.

opportunity cost isnt always fair to calculate though if you'd otherwise be watching tv or jerking off after work.

TV and jerking off time is OT. That is 1 1/2 time.

But if you're crossing the border to do something else anyway, there's no monetary loss to factor in for wasted wages.

No, if you are already in the US or live that close to the border, then opportunity cost is low and it is cheaper to buy gas from the US.

[Mikoyan]

Found it. Throwing it up here if anyone wants it. Download the file to use.

Enter the exchange, pump prices, distance to and from the US, amount of gas you need and your km/100L. The negative difference is what you're saving vs filling up in Canada.

https://drive.google.com/file/d/0B7x2voJt00BuSTg5Y2lkNDNVeG8/view?usp=sharing

[nabs]

seems to be going down slowly.... I think I'll wait another week. It's been declining slowly week by week over the last 3 weeks.

Would have been good to buy on Friday though, it dipped.

[Vansterdam]

http://i.imgur.com/hdfRspA.jpg

[Drow]

fcking bought usd at 1.45 to lock in rate incase it keeps going up now its so much lower FUCK

[Nlkko]

Do you trade FX? If not buy it when you need it, regardless of rate. Keep it simple.

[asian_XL]

1.385 this morning, it is coming back down :)

[MG1]

1.351

Wow............. gonna close for the weekend at that? Luv it!



going to LA in a couple of weeks. Woo hoo!!!!!

[MG1]

1.339... slowly, but surely. Please, please, please go down to at least 1.25 by mid March.


Going to pray to the exchange gods, lol. Sacrifice some RS virgins (shouldn't be hard to find).

[Lomac]

Hopefully it keeps going up. I need to order some parts for the Saab and the exchange rate is going to kill me, even with my discount to the site. It's almost cheaper right now to order NOS parts and ship them directly from Saab Sweden.

[koukimonst3r]

1.358 today, exchanged some money through CIBC

[westopher]

Its actually 1.342.
Banks don't exchange @ actual rates. They sell you the currency for a fee.

[Nlkko]

Yep bank rates are highway robbery. Always charge a few hundreds pip or something stupid like that.

[knight604]

Way better to exchange at places like vbce

[MG1]

yup vbce on Granville or J & M at Metrotown when in a pinch.

[entrax]

Yep bank rates are highway robbery. Always charge a few hundreds pip or something stupid like that.

even when if you have enough of a currency to get them to call forex department ~$10000+, the rates you get there are better than customer rate, or even staff rate, but it's still worse than VBCE rates.

[RickyTan3]

International Business RBC - not sure if other banks have it. Mon-Fri give them a call and you get live quote usualy 0.005 away from market

[murd0c]

When you go to your bank you can always ask for a better exchange rate which they will normally give you. I have don't it a number of times and it's worked every time.

[smoothie.]

Yep

Usually if it's more than X amount they'll match vbce for me.

[unit]

lots of small exchange shops will match vbce if you just ask

[keifun]

Although VBCE is cheaper than exchanging at a bank. I find those Chinese ones such as Kingmark have better rates than VBCE, for USD at least.

The difference is small but its still something if you are exchanging large amounts.

[invader]

I wish I knew this information before I exchanged my US currency.

Bank bent me over pretty goood.

[tonyzoomzoom]

or try charliescurrency.ca

They are downtown but cash only.

[nma]

or try charliescurrency.ca

They are downtown but cash only.

sounds legit

[syee]

Although VBCE is cheaper than exchanging at a bank. I find those Chinese ones such as Kingmark have better rates than VBCE, for USD at least.

The difference is small but its still something if you are exchanging large amounts.

I usually use Everforex since they've got a few locations that are convenient for me. (they're Chinese owned too). Only inconvenience I find with these Chinese shops is that they don't always have enough cash on hand. Out of the 10 times I've been to Everforex, they've had no USD 4/10 times I've been there. I now call before hand to make sure they've got enough.

[MG1]

1.3268 @ 5:00 pm.........fluttering around that mark.

I exchanged over the weekend a small amount just in case. Looks like the trend is going down. I'll wait till next weekend and exchage a bit more before heading out on the road trip.

[pb.kidz]

Sold my car and got paid in USD, this is the only time I'm wishing for the CAD to drop again so I can sell the funds. Anyone looking to exchange CAD for USD?

[boostfever]

or try charliescurrency.ca

They are downtown but cash only.

Charlie's has the best rates in town hands down. I always go there, but I also deal with cash only in smaller amounts.

[swiftshift]

1.3178

[TouringTeg]

Sold my car and got paid in USD, this is the only time I'm wishing for the CAD to drop again so I can sell the funds. Anyone looking to exchange CAD for USD?

I sold my car to a US buyer as well and they want to pay the balance in US funds. I am insisting on CAD because I dont want get stuck with a 2.5 % or more loss when I convert it to to CAD. The dollar has only been climbing off it's low of 69 cents a few weeks ago up to 75 cents.

[pb.kidz]

I sold my car to a US buyer as well and they want to pay the balance in US funds. I am insisting on CAD because I dont want get stuck with a 2.5 % or more loss when I convert it to to CAD. The dollar has only been climbing off it's low of 69 cents a few weeks ago up to 75 cents.

What 2.5% are you talking about?

[invader]

Damn, a lot of you guys sold your cars to US buyers.

I sold my Z to a US buyer 2 years ago.

[TouringTeg]

The fee that my bank charges is about 2.5% to convert USD to CAD (often called the spread.) For example, lets say my buyer owes me $60,500 CAD which is $45,596.72 USD at the moment. If I accept a draft / cashier cheque for $45,596.72 USD and take it to my bank to be converted to CAD they will give me the daily rate which is at least 2.5% lower than the actual rate of exchange.

Now if you put your USD in a USD account and can wait until the CAD falls, you will win and could cover the spread and then some.

Understanding The Spread in Retail Currency Exchange Rates | Investopedia (http://www.investopedia.com/articles/forex/090914/understanding-spread-retail-currency-exchange-rates.asp)

Edit: Just noticed Westopher posted above and note that banks sell for a fee. (In my case 2.5%)

[pb.kidz]

Took me 5 mins to open a US account within my account so i am withholding the US funds till the rate gets better

The fee that my bank charges is about 2.5% to convert USD to CAD (often called the spread.) For example, lets say my buyer owes me $60,500 CAD which is $45,596.72 USD at the moment. If I accept a draft / cashier cheque for $45,596.72 USD and take it to my bank to be converted to CAD they will give me the daily rate which is at least 2.5% lower than the actual rate of exchange.

Now if you put your USD in a USD account and can wait until the CAD falls, you will win and could cover the spread and then some.

Understanding The Spread in Retail Currency Exchange Rates | Investopedia (http://www.investopedia.com/articles/forex/090914/understanding-spread-retail-currency-exchange-rates.asp)

Edit: Just noticed Westopher posted above and note that banks sell for a fee. (In my case 2.5%)

[westopher]

Trump is going to get elected and your USD will only be worth 600 pesos soon.

[Ulic Qel-Droma]

The fee that my bank charges is about 2.5% to convert USD to CAD (often called the spread.) For example, lets say my buyer owes me $60,500 CAD which is $45,596.72 USD at the moment. If I accept a draft / cashier cheque for $45,596.72 USD and take it to my bank to be converted to CAD they will give me the daily rate which is at least 2.5% lower than the actual rate of exchange.

Now if you put your USD in a USD account and can wait until the CAD falls, you will win and could cover the spread and then some.

Understanding The Spread in Retail Currency Exchange Rates | Investopedia (http://www.investopedia.com/articles/forex/090914/understanding-spread-retail-currency-exchange-rates.asp)

Edit: Just noticed Westopher posted above and note that banks sell for a fee. (In my case 2.5%)

sounds like an excellent plan...

except for a minor detail... what if cad goes up. lol.

[Hehe]

The fee that my bank charges is about 2.5% to convert USD to CAD (often called the spread.) For example, lets say my buyer owes me $60,500 CAD which is $45,596.72 USD at the moment. If I accept a draft / cashier cheque for $45,596.72 USD and take it to my bank to be converted to CAD they will give me the daily rate which is at least 2.5% lower than the actual rate of exchange.

Now if you put your USD in a USD account and can wait until the CAD falls, you will win and could cover the spread and then some.

Understanding The Spread in Retail Currency Exchange Rates | Investopedia (http://www.investopedia.com/articles/forex/090914/understanding-spread-retail-currency-exchange-rates.asp)

Edit: Just noticed Westopher posted above and note that banks sell for a fee. (In my case 2.5%)

In case of car selling, I fail to see where the problem is.

If you want CAD at the moment of sell, just ask the buyer to deal with the whole currency exchange problem. They will provide you a certified check, cash... whatever in CAD to satisfy your CAD asking.

If you wanted in USD, then you could use this at your advantage... as they would pay you in USD in whatever rate it costs them to convert (hence a much higher rate given it's indifferent to them.
sounds like an excellent plan...

except for a minor detail... what if cad goes up. lol.

This is hardly an issue unless he needs CAD right away.

If USD grows, you exchange to CAD and earning all the difference.

If CAD grows, you go and shop in US and problem solved. During the entire decade that CAD was above .85USD, I have yet to see anything that's actually cheaper in Canada. Gas, electronics, grocery... you name it, US had it cheaper this entire time.

[asian_XL]

sounds like an excellent plan...

except for a minor detail... what if cad goes up. lol.

http://i.imgur.com/pqejMtn.jpg

[m4k4v4li]

or u can just open a forex account and trade

[pb.kidz]

USD rebounded up a bit this morning, Hope this is the trend

[Ronin]

Actually the trend looks like it's been steadily going down since the peak in January. It's been going up and down for awhile now but each one of the peaks is getting progressively lower. It should probably stabilize in the 1.30 range for awhile.

[TouringTeg]

sounds like an excellent plan...

except for a minor detail... what if cad goes up. lol.

haha
Yes if CAD goes up more than 2.5% I would make money.

I am more risk averse at the moment rather than trying to make money on the dollar. This was a substantial sale not a $10,000 car. I am simply trying to avoid the 2.5% fee ($60,500 x .025 = approx $1512.50 CAD) which my buyer just paid today at Wells Fargo. He purchased a CAD draft for the balance so I don't have to worry about the dollar fluctuating or paying the fee when I convert.

The money is marked for CAD purchases / investments so I don't have a reason for wanting USD right now unless I was bullish on the CAD going up.

[Eff-1]

Charlie's Currency Exchange on Granville I find has the best rates, VCBC has the 2nd best.

Outside of USD, the thing to keep in mind with Charlie's is he doesn't always have all currencies in stock so best thing is to call ahead first if you need something less popular. He also sometimes doesn't have all denominations of every currency, so you might not get the precise amount you are looking for. VCBE on the other hand carries pretty much everything.

[asian_XL]

1.2999999999999999999:)

[MG1]

woo hoo........... just in time for my road trip.

[SFU_wmc]

1.298

Think it will get down to 1.2 by summer?

[MG1]

If it hits parity, not a parody, I'll be converting my grandchildren's inheritance to USD in a heartbeat, lol. Since none of that is gonna happen anytime soon....................

[smoothie.]

If it hits parity, not a parody, I'll be converting my grandchildren's inheritance to USD in a heartbeat, lol. Since none of that is gonna happen anytime soon....................

I always thought this

but when its 1:1 its hard to buy in, and when its 1:1.45 its hard to sell.

[blkgsr]

while this is good...fuck you canadian dollar why didn't you do this 6 months ago when i was in central and south america paying out my ass in USD alot of the time

[swiftshift]

Dollar at a very good low today.

[smoothie.]

???

it was better yesterday

[jeedee]

USD rebounded up a bit this morning, Hope this is the trend

LOL damn rs with no chill :lol

[zetazeta]

while this is good...fuck you canadian dollar why didn't you do this 6 months ago when i was in central and south america paying out my ass in USD alot of the time

I feel ya... was in Asia and converted CAD to HKD (pegged to USD) at the worst rates. USD:CAD was like 1.38-1.41 at the time.

[AzNightmare]

wtf, bought something a few weeks ago at 1.32.
Then it dips down to 1.30 and stays there for a week, just to tease me.
I was planning to buy something today, but woke up to see the exchange rate spiked up to 1.32 again.

Just my luck :okay:

[SFU_wmc]

^ what were you buying? The difference is only $2 bucks for a $100 purchase.

[AzNightmare]

^ what were you buying? The difference is only $2 bucks for a $100 purchase.

mods for the car... lol
It's really more of the bad luck, cause it was stable at around 1.3 for a good week. And I literally was going to make my purchase the morning it spiked up.
Yeah, in the end, probably less than $20 diff.

[twdm]

If you guys really want the best rate for big purchases, consider the norbert's gambit. This is where you buy US-CAD linked stocks on one exchange and have your broker sell it on the other saving massively on exchange rates (costs roughly 2 brokerage fees).

[MG1]

Closed Monday at around 1.288

or around 0.775

slowly........ever so slowly...............

[CRS]

If you guys really want the best rate for big purchases, consider the norbert's gambit. This is where you buy US-CAD linked stocks on one exchange and have your broker sell it on the other saving massively on exchange rates (costs roughly 2 brokerage fees).

Ehhhh not quite. It takes time to journal shares and in that time, the exchange could have had the opposite effect.

[Ronin]

Trending down. Currently 1.277. Hope it hits something like 1.10 by the end of the year.

[MG1]

C'mon, CAD...... you can do it! Before trading closes for weekend. Each week, the dollar makes gains. Just in time for TJ shopping, lol.

[swiftshift]

Trending down. Currently 1.277. Hope it hits something like 1.10 by the end of the year.

This would be amazing,
To go from ALMOST $1.50 in February to " such a significant drop

[Nlkko]

Not so much the CAD doing anything. More that the Fed is dropping the USD hard for a variety of reasons.

[Traum]

Not so much the CAD doing anything. More that the Fed is dropping the USD hard for a variety of reasons.
Oh? Is that right? I didn't realize the Fed is behind the latest round of the greenback weaker strength.

Any guesses as to when they might stop?

[tomatogunk]

It's great the CDN is going stronger, or the US being weaker.

Just my luck-- I bought something a few days ago when the exchange was 1.30 only to have the vendor realize they can't fulfill my order and taking 4 days to process the refund at the lower exchange rate today. :okay:

[MG1]

wow, that kind of sucks......... hope it wasn't a huge amount.

[syee]

It's great the CDN is going stronger, or the US being weaker.

Just my luck-- I bought something a few days ago when the exchange was 1.30 only to have the vendor realize they can't fulfill my order and taking 4 days to process the refund at the lower exchange rate today. :okay:

Call the CC and let them know it's a refund. They'll refund you your full CDN amount.

[meowjinboo]

Have to pay my AirBnB for TI6 and it came out to 530 USD.

RIP my wallet.

[320icar]

I'm waiting to order coilovers. Watching this CAD go up and down is killing me

[keifun]

I'm waiting to order coilovers. Watching this CAD go up and down is killing me

I'm on the same boat. I'm hesitant on when to drop down ~1200USD.

[Traum]

I'm on the same boat. I'm hesitant on when to drop down ~1200USD.
x3 :tears:

[meme405]

Yeah I just sold a set of wheels to a US buyer so my paypal has 1400 US in it, don't know when I should take it out.

Kinda pissed off at the guy cause he took like a month to pay me, and in that period I lost like 5% on the exchange alone...asshole.

[tomatogunk]

Call the CC and let them know it's a refund. They'll refund you your full CDN amount.

called the cc and got the refund in full!!

[4444]

just to put things in perspective, on a month by month basis, we're talking a percent or a couple movement, so 5% on 1,400 (the example above) is $70 - not sure that's the biggest deal in the world (compared to a year ago, you're still up a lot on the FX).

as for movements, people here seem to be talking about momentum with respects to the US/CAD, the reality is that news moves the currency, and the main driver of US/CAD is oil price. Oil has crawled up and up over recent weeks (months), hence the gradual relative increase of US/CAD. Last night the Doha meetings ended with no agreement, hence oil falls, US/CAD falls.

There are many aspects that will move the currency pair, oil is a big mover and shaker.

If you don't want to worry about movements in the currencies, hold both (meme - just keep your USD as USD if you are going to spend it in the near future, don't worry about relative purchasing power in Canadian - the purchasing power of USD in US is always greater, that is, you will get a better deal)

[MG1]

Roller coaster ride? That's one helluva drop, lol.

[4444]

Roller coaster ride? That's one helluva drop, lol.

is it, though? unless you're playing massive currency bets, it won't make an ounce of difference to your shopping in the US, etc.

it also just brings the rate back to where it was 10 or so days before.

[Hehe]

Market was betting on some light in an actual production freeze from OPEC in Dohas' meeting, or at least some concrete plan.

It didn't happen.

[Ducdesmo]

And yet oil stocks rallied...interesting times.

[Ronin]

I'd expect another drop in the next day or two if that chart is consistent.

[JDMEK9]

1.26!!!!!!

[Slifer]

And yet oil stocks rallied...interesting times.

Oil rallied because of the oil strike in Kuwait.