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Parity!

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Parity!

Postby Mookie4ever » Fri Sep 21, 2007 8:21 am

The Canadian dollar hit parity with the US dollar yesterday and for a while was worth more than the US dollar.

http://www.canada.com/nationalpost/fina ... ae&k=86606

This is bad for our manufacturing sector, tourist and hospitality industries but it's good for the Jays, for travelling to the US and for our purchasing power.

Now that the Canadian dollar is worth the same as the US dollar the time is ripe to make the US the 11th province. Just thinking out loud....
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Re: Parity!

Postby Art Vandelay » Fri Sep 21, 2007 8:33 am

Aren't your dollars called loons?
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Re: Parity!

Postby StlSluggers » Fri Sep 21, 2007 8:45 am

Mookie4ever wrote:Just thinking out loud....

First the Canadian currency matches up with the US Dollar, then Mook learns how to verbalize his thoughts.

It is indeed an amazing day for Canada.
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Re: Parity!

Postby Mookie4ever » Fri Sep 21, 2007 8:49 am

StlSluggers wrote:
Mookie4ever wrote:Just thinking out loud....

First the Canadian currency matches up with the US Dollar, then Mook learns how to verbalize his thoughts.

It is indeed an amazing day for Canada.



If I was mafia you would be so tazered.
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Re: Parity!

Postby StlSluggers » Fri Sep 21, 2007 8:54 am

Mookie4ever wrote:
StlSluggers wrote:
Mookie4ever wrote:Just thinking out loud....

First the Canadian currency matches up with the US Dollar, then Mook learns how to verbalize his thoughts.

It is indeed an amazing day for Canada.

If I was mafia you would be so tazered.

Keep it in the thread, Canuck.
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Re: Parity!

Postby Madison » Fri Sep 21, 2007 9:58 am

The people in the article don't seem as happy about it as you. :-o

Anyway, I knew we should have sent the Boy Scouts up there to take you guys over. Could have even filmed it and called it a reality show. You know, instead of "Kid Nation", it could have been "Kid Country". ;-D

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Re: Parity!

Postby Mookie4ever » Fri Sep 21, 2007 10:28 am

Madison wrote:The people in the article don't seem as happy about it as you. :-o



It's very very bad for people trying to make money. It's very very good for people who are spending money.

The Canadian economy has been overheating for a while so this is to be expected. The reality is however this has a lot more to do with the sagging US economy than a strong Canadian dollar. The Canadian dollar is treading water vs. the Euro and other currencies. It is really only making big gains against the US, just as everyone else is.

This is a mixed news for Canadians but it is really bad news for the US. Canada is BY FAR the US's largest trading partner at about $550 Billion/year in trade. You now don't get a 30% bonus as you did a few years ago. 30% on $550B is $165B - that's serious coin. It would be great if you could shift your buying elsewhere but the US dollar is down against almost all other currencies and we are too close. The other alternative is to make things cheaper in the US but that's not happening and we have a natural resource advantage right now.
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Re: Parity!

Postby StlSluggers » Fri Sep 21, 2007 10:55 am

Mookie4ever wrote:
Madison wrote:The people in the article don't seem as happy about it as you. :-o



It's very very bad for people trying to make money. It's very very good for people who are spending money.

The Canadian economy has been overheating for a while so this is to be expected. The reality is however this has a lot more to do with the sagging US economy than a strong Canadian dollar. The Canadian dollar is treading water vs. the Euro and other currencies. It is really only making big gains against the US, just as everyone else is.

This is a mixed news for Canadians but it is really bad news for the US. Canada is BY FAR the US's largest trading partner at about $550 Billion/year in trade. You now don't get a 30% bonus as you did a few years ago. 30% on $550B is $165B - that's serious coin. It would be great if you could shift your buying elsewhere but the US dollar is down against almost all other currencies and we are too close. The other alternative is to make things cheaper in the US but that's not happening and we have a natural resource advantage right now.

Yep. Sounds like it's time to warm up the tanks. }:-)
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Re: Parity!

Postby IllinoisBandit » Fri Sep 21, 2007 4:29 pm

Hey, I got an idea. Let's just print more money! :-°

Down with the Fed, back to the gold standard I say. You can't compete with hard assets.
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Re: Parity!

Postby Yoda » Fri Sep 21, 2007 4:45 pm

StlSluggers wrote:
Mookie4ever wrote:
Madison wrote:The people in the article don't seem as happy about it as you. :-o



It's very very bad for people trying to make money. It's very very good for people who are spending money.

The Canadian economy has been overheating for a while so this is to be expected. The reality is however this has a lot more to do with the sagging US economy than a strong Canadian dollar. The Canadian dollar is treading water vs. the Euro and other currencies. It is really only making big gains against the US, just as everyone else is.

This is a mixed news for Canadians but it is really bad news for the US. Canada is BY FAR the US's largest trading partner at about $550 Billion/year in trade. You now don't get a 30% bonus as you did a few years ago. 30% on $550B is $165B - that's serious coin. It would be great if you could shift your buying elsewhere but the US dollar is down against almost all other currencies and we are too close. The other alternative is to make thinhttp://www.fantasybaseballcafe.com/ ... p=2514012#
:-Dgs cheaper in the US but that's not happening and we have a natural resource advantage right now.

Yep. Sounds like it's time to warm up the tanks. }:-)


LOL that was my first thought as well. Once we invade Canada, we can set up nice reservations for the natives like back in the day. Canadians can do whatever they please there. :-D
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