What is Digg?339 Comments
- evileddy60, on 10/10/2007, -4/+240Soon the USA will accept Canadian Tire money.
- TritonX, on 10/10/2007, -10/+135While the canadian dollar ain't doing bad, it's the US dollar sinking that is really the problem here. Can someone try to explain why economists put the blame on subpar mortgage and nothing is said about the billions wasted everyday in Iraq, as if the later had nothing to do with the current economic crisis.
- ostrym, on 10/10/2007, -3/+95about 40 minutes ago I saw it cross $1.001 :) (on finance.yahoo.com)
- contrite, on 10/10/2007, -6/+87The US dollar is really in trouble. The U.S. dollar has dropped rapidly since the U.S. Federal Reserve cut short-term interest rates by half a percentage point on worries that a global credit crisis has hurt the U.S. economy.The American dollar has also dropped against other major world currencies, including the Euro, the British pound, the yen and the Swiss franc.
- GutterMoo, on 10/10/2007, -2/+59Thats kinda funny, because the prices of US things hasn't changed too much. Shouldn't the price of certain goods (food, movies, cds) all be the same price instead of $5 CAN higher?
- AntBing, on 10/10/2007, -14/+66I'm in ur currency, shrinkin' ur dollarz.
- 1town, on 10/10/2007, -10/+47Don't wanna burst your bubble, but the canadian dollar isnt doing *that* well, its the USD thats sinking like a stone
- RogerStrong, on 10/10/2007, -0/+28Eventually.
As a company that imports US goods, our inventory is usually valued at what we actually paid for it averaged over time, not at what we could pay for it in the future. So there's a lag behind the dollar as inventory turns over. And yes, there was a similar lag as the dollar dropped. - Azumoth, on 10/10/2007, -4/+32Hahaha, Best comment Ever.
- grunk, on 10/10/2007, -3/+31People don't realize how close the USA is to a huge 1930's "Grapes of Wrath" type of Depression/economic collapse. By the time the public at large gets a clue, Bush will be comfortably set up in his 100,000 acre compound he bought in Paraguay last year.
- MrStylz, on 10/10/2007, -0/+27Next thing you know American vending machines will start accepting loonies!
- Terrk, on 10/10/2007, -4/+29I'm honestly not really supised. The US dollar has been in trouble for some time, and everyone else seems to be cueing in on it, but the US.
- Snoz, on 10/10/2007, -3/+25Looks like I'll be buying an iPhone for $399 CDN MUAHAHAHAH
- xinit, on 10/10/2007, -0/+21You might want to compare trends of CAD vs. the YEN, GBP, EUR... you'll see the CAD price trending up against those as
- dimator, on 10/10/2007, -6/+27Does digg just not care about dupes anymore? This was dugg almost verbatim.
- mrASSMAN, on 10/10/2007, -1/+21Canada is suddenly a very expensive place to visit..
on the converse, canadians can come into America and become immediately richer. - Dumbledorito, on 10/10/2007, -3/+23Yes, all our reckless spending, the two-fronted war on terra, the housing crisis, and foreign policies that look like they were composed by a demented chimpanzee with a concussion have nothing to do with it.
- Philodox, on 10/10/2007, -3/+22The USD is in big trouble and you have bush saying stuff like this http://thinkprogress.org/2007/09/20/bush-econ101/
... hoo boy - watcht, on 10/10/2007, -2/+20Well Canada it seems as though we are evenly matched.
- neoform, on 10/10/2007, -1/+18More importantly, now vending machine owners wont get annoyed when their find Canadian quarters!
- kurtwinter, on 10/10/2007, -0/+17Fiscal Responsibility FTW.
- RogerStrong, on 10/10/2007, -3/+20As I understand it, and I'm no economist, it's the subpar mortgage scandal's effect on confidence in US banking that's to blame.
The American banking industry had long been seen as safe and reliable for investors (as opposed to customers). But with the widespread use of subpar mortgages and "liar loans" (where borrowers fraudulently mis-stated their incomes, cheerfully egged on by the lender or broker) investors have been hurt.
The run on the Northern Rock, the first bank run in Britain since 1866, has it's roots in the American subprime fiasco.
People don't care if you commit suicide, but don't try to take others with you. While Bush's deficits (the largest ever, even before 9/11) are bad for Americans, it's the banking fiasco that's hurting foreign investors. - Bartboy919, on 10/10/2007, -0/+16Tournament 3!!!
- Rikkochet, on 10/10/2007, -0/+14Nope, they just put up disclaimers in their stores and website saying that Canadian cover price has nothing to do with the US dollar and has to do with publishing and printing and distributing in Canada.
Which of course just means they're cashing in. - andregriffin, on 10/10/2007, -1/+15They're just preparing us for the introduction of the "Amero"
- Philodox, on 10/10/2007, -1/+15The US had 8.5 trillion dollars of debt.
- ImperiumMarine, on 10/10/2007, -6/+20The question I would like to ask is: If the US has over 1 trillion dollars of debt, why is their dollar worth so much? I also have to agree with GutterMoo, that too is ridiculous.
- matthwk, on 10/10/2007, -0/+13I agree that we're wasting money in Iraq, but we can pull out of Iraq at any point and essentially fix that financial wound, while the housing market can really hurt us in the future.
- xaxxon, on 10/10/2007, -1/+14You can just cut 'dollar' off of that. The US is really in trouble...
- StatusWoe, on 10/10/2007, -2/+14The last time the Canadian $ was this high compared to the US $ was 1976,, wasn't that just after they were tied into another war that was commonly protested against? http://en.wikipedia.org/wiki/Vietnam_War
oh, and before that it was in the 1920's I think another major war happened around then too? - tonycomputerguy, on 10/10/2007, -0/+11But we are still going strong against the Peso... Right? ...Guys?
Well at least we got all that oil in Iraq to help us out... Right? Only Bush could go to war for oil... AND NOT GET THE OIL. /facepalm - joeg311, on 10/10/2007, -3/+13Peso here we come!!
- thrallie, on 10/10/2007, -3/+13All caused by the federal reserve, too.
- xinit, on 10/10/2007, -0/+10I thought that it was merely because the US dollar was tanking, but the past six months have shown a positive trend for the CAD against the Euro (from $1.55 to 1.42), the Pound (from $2.28 to $2.01), and the Yen (9.85 / 1000 Yen to 8.73 / 1000 Yen).
- funkedup, on 10/10/2007, -0/+10I live in Michigan and my family and I would always take ski trips into Ontario, Canada because of the great exchange rate. It ended up getting more and more expensive over the years and I remember 10 years ago how much cheaper it was than today. Eh, not anymore... Those canucks will be coming over to the U.S. soon, and will be taking advantage of the NEW exchange rate...
- unclefire, on 10/10/2007, -0/+9try 9 Trillion and growing... Over 4 trillion just in the past 6 years.
- nabhanc, on 10/10/2007, -3/+12I think your biggest mistake was coming to Halifax in the first place.
- FizixMan, on 10/10/2007, -0/+8Who the heck sits down at a computer and decides "hmmm... I'm going to write a Wikipedia article on Canadian Tire Money!"
- nogami, on 10/10/2007, -0/+8Which means I'll be buying from the US.
Screw 'em. - Haon, on 10/10/2007, -4/+12I took a trip to Halifax recently. Got so screwed on the exchange because all the prices are still at 2002 levels + the nasty 15% tax. Never again.
- Protonz, on 10/10/2007, -1/+9Books are going to be a problem. Maybe chapters will just let Canadians start using the US dollar amount in a few months?
- inactive, on 10/10/2007, -0/+8Now i can actually keep those random Canadian coins i find in my change dish
- illegalamigo, on 10/10/2007, -0/+8American exports are also taxed.
- norbiu, on 10/10/2007, -0/+8Hmm, interesting. I just saw on the news that the US dollar reached a record low against the Euro today 1 Euro = 1.40 USD
- nemesis256, on 10/10/2007, -0/+8Of course, just when I need to start paying my student loan (I'm a Canadian student in the US).
- psygnisfive, on 10/10/2007, -3/+10Don't dig this guy up; the Rothschild conspiracy theory is as old as anti-Semitism and deeply intertwined with it. hiphoc is simply a conspiracy theorist and likely a racist. There is no Illuminati, no New World Order.
- Onibus, on 10/10/2007, -0/+7Yahoo has a graph of the USD to CAD exchange rate over time. This one happens to be a 1 year timeline.
http://finance.yahoo.com/q/bc?s=USDCAD=X&t=1y&l=on
Yodalay HE HOOO - xinit, on 10/10/2007, -0/+7In the mean time, do what I do and order from Amazon.com. They tend to ship from Ontario anyhow.... so no duty.
- xinit, on 10/10/2007, -1/+8I've been telling myself that for the past year that I've been living there.
- mojoel, on 10/10/2007, -6/+13Yes except for the fact that we are far more intelligent.
-
Show 51 - 100 of 331 discussions
Check out the new & improved 
© Digg Inc. 2009
— Content created and posted by Digg users is