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Canadian Dollar Reaches 30-year high against US dollar! $1 US = $1 CAN

today.reuters.com — See story. The Canadian Dollar will probably surpass the US Dollar sometime today.

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  • ostrym, on 10/10/2007, -3/+95about 40 minutes ago I saw it cross $1.001 :) (on finance.yahoo.com)
    • bradallen18, on 10/10/2007, -10/+5time to hit up ebay for me. get some awesome deals.
      • mattcoady, on 10/10/2007, -0/+5The way you get screwed over with seller shipping costs, you're better off going with online retailers.
    • 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.
      • EclipseGSX, on 10/10/2007, -1/+6Hopefully the strippers don't keep up on currency markets and will still give lap dances for $5US.
      • m3mn0n, on 10/10/2007, -3/+1I'm not worried about less tourism. I'm mainly concerned about less US corporate investment.

        I hope it goes back down to $0.82. But then again this is mainly a selfish wish because I'm a Canadian who sometimes gets paid in USD.
        • toonworld, on 10/10/2007, -0/+3There's also articles running: Rising dollar a drag for some businesses. http://www.ctv.ca/servlet/ArticleNews/story/CTVNew ...

          Other businesses be damned! Personally, I rather enjoy having a stronger buying power!
        • richardiscool, on 10/10/2007, -0/+1I know how you feel... I'm in the UK, and I used to get close to £2000 from $3000. These days I don't even get £1500.
      • 80hd, on 10/10/2007, -0/+61.00 USD=1.00038 CAD at 1030PM eastern.

        hopefully this means nothing and I'm not *****.
        • EclipseGSX, on 10/10/2007, -0/+1Or, you never learned how to round numbers.

          $1.001 (from first post) > 1.00038
      • 80hd, on 10/10/2007, -7/+11.00 USD=1.00038 CAD at 1030PM eastern.

        hopefully this means nothing and I'm not *****.
    • MrStylz, on 10/10/2007, -0/+27Next thing you know American vending machines will start accepting loonies!
      • IEatHamburgers, on 10/10/2007, -7/+4They don't even take American dollar coins, what the hell makes you think they'll take loonies?
    • themastersb, on 10/10/2007, -7/+13I can go to the US soon and get a nice hotel and stuff and then I'll leave and give them a dime and tell them to keep the change and they'll think I'm too kind.
    • hiphoc, on 10/10/2007, -16/+19Folks, understand that this is a transfer of wealth. When your money is devalued the FED is reducing your purchase power and making themselves richer. The FED is a private bank owned by a group of families that are rich beyond belief. According to books written in the 60's the Rothschild family who owns part of the FED were worth 400 TRILLION dollars. The bankers and the people who feed of the tit of the banks are getting rich. We are getting raped.
      The 12-18 families that own the Federal reserve bank own 80% of the worlds wealth. When you think Federal Express think Federal Reserve, same thing. Private company out for profit. The more debt this country is in the richer they get off our federal tax dollars that go to them.War is the biggest money maker there is. Warisaracket.com
      • 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.
      • emjaymj, on 10/10/2007, -0/+5Ahahahaha. "When your money is devalued the FED is reducing your purchase power and making themselves richer." That is absolutely not how it works bud. Just because value is disappearing doesn't mean it has to be going somewhere else. Just wow...
      • blitzman, on 10/10/2007, -1/+2The reduced purchasing power went to the deficit. The deficit has to come from somewhere, and the usual place is a devaluation of the currency.
      • 80hd, on 10/10/2007, -0/+3400 trillion dollars? There is only roughly $100 trillion including credit which isnt even real money since it exists in both investors and debtors accounts.
    • andregriffin, on 10/10/2007, -1/+15They're just preparing us for the introduction of the "Amero"
    • Homoomo, on 10/10/2007, -0/+8Now i can actually keep those random Canadian coins i find in my change dish
  • 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.
    • thrallie, on 10/10/2007, -3/+13All caused by the federal reserve, too.
      • 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.
        • majormunky, on 10/10/2007, -5/+4Actually, its true. The system that the Federal Reserve sets up, means that if our Government needs money, they can just print more. Theres no sort of system in place that says, hey, we have no money, you can print more until we have more. We dont have the money laying around to fund the Iraq war, but thats ok, we have it on credit. If we had a hard asset type system, then, there would be a limit to the amount of money there was, ensuring these types of things don't happen.
          • psygnisfive, on 10/10/2007, -0/+2Sure there is, it's called the populus, who have to provide votes for the people that a) can make balanced-budget-bills law, and b) can create laws to limit the amount of lending that the Fed can engage in. The fault of the people to provide restraints is their own, not the Fed's.
          • rarson, on 10/10/2007, -0/+3Right. And then they just increase their limits, like they have been doing, like they always do.
        • arunforce, on 10/10/2007, -5/+1You know, pulling things out of your ass doesn't make it true. It really doesn't majormunky. Learn about the economy.
        • rarson, on 10/10/2007, -0/+2He's absolutely right, the government wouldn't be able to spend so goddamn much money if the Federal Reserve didn't create it for them. The Fed is entirely responsible for allowing the creation of excessive amounts of currency.
          • blitzman, on 10/10/2007, -1/+1The purpose of the Fed is to allow the government to inflate the currency. The US had zero net inflation for the 100 years preceding the creation of the Fed, and about 20:1 inflation since.
        • rarson, on 10/10/2007, -1/+3.
      • BESTenemy, on 10/10/2007, -1/+1Although being opposed to the Federal Reserve, I do recognize that all it provides is a bailout service for politicians that want to raise budgets without increasing taxes proportionally. People put that incentive. They vote for those that promise more programs for less money. How's that done? Through borrowing. We don't hold our politicians accountable. We're encouraging debt as we're debt holders ourselves. Our credit card mentality travels all the way up to highest levels of our government. It represents us perfectly. We're as much responsible for the downturn as everybody else that is the part of the same big system.
      • arjung, on 10/10/2007, -0/+1dugg for "terra"
    • xaxxon, on 10/10/2007, -1/+14You can just cut 'dollar' off of that. The US is really in trouble...
    • Mist0r_Wiggles, on 10/10/2007, -6/+1who the ***** still use franc?
      • goblindegook, on 10/10/2007, -0/+7Apparently, the Swiss do. :P
      • Swoyer, on 10/10/2007, -0/+1swiss francs, not the French ones i assume
        • da_bradler, on 10/10/2007, -0/+1France uses the euro, the swiss and UK were the only western European nations that didn't adopt the euro
        • jakobahman, on 10/10/2007, -0/+1No. Sweden didn't as well.
    • dynamitehacker, on 10/10/2007, -0/+5The US dollar dropped rapidly BECAUSE the U.S. Federal Reserve cut short-term interest rates by half a percentage point (at least in the case of this latest drop). When they lower interest rates, it becomes more lucrative for investors to hold other currencies because they can earn higher interest rates with them. Simple cause and effect relation here, although the more long term drop of the US dollar over the past few years is happening because of deeper problems.
    • bratpack8, on 10/10/2007, -0/+2The party had to end sometime. Ever read about the Great Depression? How about Japan over the last 20 years? The velocity of the dollar is skyrocketing!
  • 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.
    • 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.
      • dynamitehacker, on 10/10/2007, -0/+5The US dollar started dropping in 2002, long before the subprime mortgage fiasco and even before the war in Iraq, too. Subprime mortgages are the cause of the latest drop and the war in Iraq has certainly been a factor, and there are other causes, too. The rise of the euro as a better safe haven currency for investors is playing a factor. The rising US consumer debt, rising trade debt, and rising federal debt are all causes. Basically, there are lots of bad things going on right now for the US dollar, and the government is doing very little to fix them (actually, they're making things worse for the most part).
      • rarson, on 10/10/2007, -0/+1It's not the mortgage fiasco that caused it, it's the subsequent bailout of the lenders by the Fed that followed. Any time to create massive amounts of money and inject it into the economy (which is exactly what the Feds did), you reduce the value of the currency. The massive expansion of our government and the huge cost is also a huge factor for further creation of currency.
      • throop77, on 10/10/2007, -0/+2The dollar has been falling for 5 years... where have you been?
    • 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.
      • trimpton, on 10/10/2007, -0/+2How will pulling out instantly fix that wound? We had to borrow so much money to pour into Iraq and that debt doesn't get magically forgiven.
    • 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).
    • 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?
    • RationalXubrnce, on 10/10/2007, -2/+4This goes deeper then either the subprime mess or Iraq. Our Federal Reserve system was designed to crash, all debt backed pyramid scheme central banks cause an eventual collapse of the currency. If we can't keep growing the system falls apart. This is why economists are always stressing the importance of growth.
      • trimpton, on 10/10/2007, -0/+1However infinite growth is impossible since there are limited resources - which is why we had to keep the source of hydrocarbons secure. While I agree the entire concept is based on a false premise.
  • implied, on 10/10/2007, -14/+7Yikes.
  • 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?
    • 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.
      • illegalamigo, on 10/10/2007, -0/+8American exports are also taxed.
      • dynamitehacker, on 10/10/2007, -0/+3The lag is far too long for that to be the reason. Chapters is still selling books at prices that correspond to a $0.65 Canadian dollar. It's been five years since it was that low.
        • RogerStrong, on 10/10/2007, -0/+1Books are a special case - the American publishers dictate the price. It wouldn't occur to them to lower the price, or that there's a reason for lowering the extra markup they've had for years.
      • da_bradler, on 10/10/2007, -0/+1the problem is that rather then the canadian dollar going down to match US prices it actually should be the US prices going up to match the Canadian prices namely when it comes to electronics because most of that trading is done in Yen, so it hasn't become more profitable to sell goods in Canada it has just become less profitable to sell goods in the US.
    • 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?
      • 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.
        • nogami, on 10/10/2007, -0/+8Which means I'll be buying from the US.

          Screw 'em.
          • xinit, on 10/10/2007, -0/+3Buy from Amazon.COM.

            Most things ship from their Canadian warehouse in my experience.

            No duty.

            No tax.

            Billed on the US price.
        • Light11, on 10/10/2007, -1/+4no its cause anything coming into Canada is taxed
        • dynamitehacker, on 10/10/2007, -0/+2And yet the price discrepancies still apply to books that say "Printed in the United States" inside the cover...
        • da_bradler, on 10/10/2007, -0/+1Well with the North America Free Trade agreement anything produced in the united states can be imported to canada freely, so there is no extra cost in selling books in canada, your better off just buying everything from the states, you still pay sales tax but you get it for far less. But this is also really hurtful to canadian businesses
    • 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.
      • Grjemo, on 10/10/2007, -1/+1Duty.
        • xinit, on 10/10/2007, -0/+1If you're in Canada, ordering from Amazon.com (NOT .ca) and they ship FROM CANADA to you IN CANADA, where are you going to pay duty? I'm speaking from experience.
    • specs10, on 10/10/2007, -1/+3you also still also have to take into account canada's tax rates. I'm pretty sure they're higher almost across the board.
    • addbo, on 10/10/2007, -0/+1It takes time for things to adjust... what you bought to sell doesn't miraculously get cheaper (whoever sold it to you doesn't usually pull a steve jobs and give you a rebate)... plus everyone is still paid in Canadian dollars, etc.... we've had a crazy 61% increase against the US Dollar since January 2002... it's hard for retail to catch up. Just like when the dollar was super low... the prices didn't change much either... takes awhile... and there needs to be a margin of error. For now retailers get to gouge... but if they don't change pricing lots of it will go to the online retailers that CAN change quickly.
  • evileddy60, on 10/10/2007, -4/+240Soon the USA will accept Canadian Tire money.
    • Azumoth, on 10/10/2007, -4/+32Hahaha, Best comment Ever.

    • neoform, on 10/10/2007, -1/+18More importantly, now vending machine owners wont get annoyed when their find Canadian quarters!
    • Coded1, on 10/10/2007, -1/+6Woohooo
      I knew I was saving that stuff up for something!
    • PeaTearGryphon, on 10/10/2007, -1/+4I wish I could digg that up more then once
    • MakinBacon, on 10/10/2007, -0/+4Haha nice! For those outside Canada... this is what evileddy is referring to: http://en.wikipedia.org/wiki/Canadian_Tire_money
      • 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!"
    • monroetransfer, on 10/10/2007, -0/+2Oh god, and I just spent ten million of the bastards yesterday to buy a stick of gum...
    • Airjuggernaut, on 10/10/2007, -0/+1Dude You made my day :P
    • smoothmedia, on 10/10/2007, -0/+1I wish i could "favourite" that comment. You could be on Air Farce.
  • 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.

    • rarson, on 10/10/2007, -0/+5It seems like quite a lot of people in the US still aren't getting it. I just don't understand why people choose to ignore what's going on.
    • Codwhy, on 10/10/2007, -3/+1buried for spelling error
  • u16085, on 10/10/2007, -16/+6$ will keep going to ***** with - need some - print some state of mind
    • rarson, on 10/10/2007, -2/+1Why is he being dugg down? He's absolutely right. When you print money as you please, it diminishes its value. Our dollar doesn't have anything backing it but faith. Fractional reserve banking is retarded.
      • nonymous666, on 10/10/2007, -0/+1who says U.S. is printing money as it pleases?
  • 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.
    • Fi9nutz, on 10/10/2007, -2/+9I'm kinda curious about that myself
    • Philodox, on 10/10/2007, -1/+15The US had 8.5 trillion dollars of debt.
    • zekt, on 10/10/2007, -0/+1Simple, because everyone pays for oil in USD - and therefore there is demand for USD.
    • unclefire, on 10/10/2007, -0/+9try 9 Trillion and growing... Over 4 trillion just in the past 6 years.
    • addbo, on 10/10/2007, -0/+3By Devaluing the dollar you actually decrease your debt... assuming the debt is in US Dollars ;)
      • Coded1, on 10/10/2007, -0/+2At the same rate the lender is more likely to call in his loan if they are loosing their money...
        • hinkleti, on 10/10/2007, -0/+1The U.S. government issues IOUs in the form of Treasury Bills, Bonds and Notes. When you buy treasuries, you are buying a piece of the national debt. The holder of Treasuries has no right to call them in early per se. They could, however, sell them to somebody else on the open market (except for Savings Bonds, which cannot be sold). This would have the effect of raising interest rates.
        • rarson, on 10/10/2007, -0/+2France tried to do that with the dollar in the '70s, and Nixon ended up refusing to honor the exchange of gold for dollars.
    • rarson, on 10/10/2007, -0/+2http://en.wikipedia.org/wiki/List_of_countries_by_ ...
    • etnu, on 10/10/2007, -0/+3Because we have a 13 trillion dollar GDP. Our debt is roughly 60% of GDP.

      The U.S. debt is enormous in absolute terms, but it's actually pretty average as a percentage of GDP. Japan's national debt is 170% of GDP.

      Inflation is actually intentionally used to reduce the cost of debt. It's a scam that generally works as long as you don't let things get too out of control and ensure that wages increase along with prices.
      • arjung, on 10/10/2007, -0/+1"ensure wages increase along with prices."

        i don't study the markets, but i'm pretty sure this has not been happening.
  • ButterBuddha, on 10/10/2007, -23/+4It's no accident, pretty soon, Euro = US Dollar = Canadian Dollar......One World currency, One World Government....

    http://en.wikipedia.org/wiki/Amero
    • Protonz, on 10/10/2007, -3/+1Just a conspiracy theory as of now. The Amero is a horrible idea for everyone (except governments).
    • Bartboy919, on 10/10/2007, -2/+1who gives a *****? There will never be a "One World Government". Jesus, they always seem to come out on the internet.
    • rarson, on 10/10/2007, -0/+1Sigh... people just don't like to face the ugly truth.
  • dimator, on 10/10/2007, -6/+27Does digg just not care about dupes anymore? This was dugg almost verbatim.
  • 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.
    • nabhanc, on 10/10/2007, -3/+12I think your biggest mistake was coming to Halifax in the first place.
      • xinit, on 10/10/2007, -1/+8I've been telling myself that for the past year that I've been living there.
        • llamagorama, on 10/10/2007, -0/+2For serious? I LOVE it here compared to Ottawa
          • xinit, on 10/10/2007, -0/+2Compared to Ottawa; I can understand that... I'm from Vancouver, and I'm amazed by the xenophobia in Halifax. Anyone "from away" is to be treated with suspicion, and it seems to be tough even getting a job if you tell people you aren't born and raised here.

            In short order I have heard more than one local say "Oh, we're friendly here, eh buddy?" and then turn around and be a complete ass to someone from away. Friendly and inclusive so long as you were born here...

            I'm just glad most of the people I work with come from other countries.
        • Apocrypha, on 10/10/2007, -0/+0By all means, go back to Vancouver then where you can feel superior to everyone but still be ignorant dip *****.
      • StatusWoe, on 10/10/2007, -2/+1Wouldn't coming to canada and having them not have up-to-date exchange rates make your money more valuable??
        • addbo, on 10/10/2007, -0/+0heh not the exchange rate... but the prices ;)
    • maverex, on 10/10/2007, -0/+314% now for Halifax, they dropped the GST from 7 to 6% :P
    • m3mn0n, on 10/10/2007, -1/+1Come to Alberta. We have no provincial tax (and still have a massive surplus) so sales tax is just the national GST standard. Which will be 5% as of mid '08.
  • 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
  • tominabox1, on 10/10/2007, -23/+14The value of the US dollar has little to nothing to do with interest rates. It has EVERYTHING to do with the fact that it isnt backed by gold...its a piece of paper, thats it. Our money is worth nothing because everytime the feds run out of money, they make more. THAT Is why the US dollar is worth *****, not because of some interest rates or some pointless war.

    Get rid of the Federal Reserve and get back to money backed by something tangible (ie vote for Ron Paul)
    • RubberBinder, on 10/10/2007, -13/+6That and the damn Liberals keep raising minimum wage.
    • citizen132, on 10/10/2007, -5/+11You really have no idea how the economy or the monetary system works. Having a gold standard is what brought us into the Great Depression in the first place. Interest rates are responsible for a HUGE amount how the exchange rate moves. If we have lower interest rates than other currencies, then ours will depreciate - it is that simple. Now there is also the issue of our massive capital outflows every month. We need a constant stream of foreign loans coming into the US in order to satisfy our demand. What this dollar depreciation is going to do is force us to save more and be come fiscally responsible (at both an individual and national level). Eventually, once all the factors (trade imbalances, saving to spending, etc) are rectified, the dollar will strengthen against other currencies.
      • RationalXubrnce, on 10/10/2007, -1/+5 I thinks it's you who don't understand our money system. Debt backed fiat money always leads to ruin. Always. We shouldn't ever be at the point where are struggling to adjust the interest rate just right so that we don't collapse. America is in big trouble, we are headed for Weimar style inflation.
        • realyst, on 10/10/2007, -1/+3Then explain why all other currencies currently use the fiat system(including the Euro) and only the US is tanking?

          I showed a friend of mine(biz student) that "Money Masters" video you're obviously quoting and he pocked 5 holes in it within 3 minutes of the intro alone.

          Here's a wise idea: question any obviously biased and spun documentary. Do some homework(and yes, even Michael Moore qualifies in case you try to rebut in the stereotypical partisan way)
        • MmmmmDonut, on 10/10/2007, -1/+4Funny how you say that is the cause of the decline of the dollar, and yet the Euro and Cad are also fiat systems. Actually ALL major economies are fiat systems. If what you are saying is true, why have NONE of the other major economies switched to the gold standard. NOT ONE. Oh right, its a big global conspiracy.
        • rarson, on 10/10/2007, -0/+1"Then explain why all other currencies currently use the fiat system(including the Euro) and only the US is tanking?"

          Because they are all following the example of the US. They will see the same troubles the US has seen, eventually, every single one of them.

          I love college kids that think they know everything by taking a class, they are the best sources of reliable info.
      • rarson, on 10/10/2007, -0/+2"Having a gold standard is what brought us into the Great Depression in the first place."

        Some would argue that the Federal Reserve was to blame.
      • logandurand, on 10/10/2007, -0/+2tominalbox1 got it right. Since the Federal Reserve was established in 1913, the dollar has lost 96% of it's value. If the Fed was really doing their job, new money would only be printed so as to maintain a 1:1 ratio with the size of the economy. Instead, they have been printing money with no end in sight, essentially putting that ratio at more than 20:1.
    • MmmmmDonut, on 10/10/2007, -1/+6Funny how you say that is the cause of the decline of the dollar, and yet the Euro and Cad are also fiat systems. Actually ALL major economies are fiat systems. If what you are saying is true, why have NONE of the other major economies switched to the gold standard. NOT ONE. Oh right, its a big global conspiracy.
    • geekee, on 10/10/2007, -0/+3There's nothing stopping you from investing your savings in gold. Why don't you practice what you preach for awhile and tell us how volatile gold is after you're done with your experiment.
      • rarson, on 10/10/2007, -1/+1Gold is one of the best things to buy as a storage of value. I don't think you know what you're talking about.
  • homerj14, on 10/10/2007, -17/+11and the rich get richer and the poor get poorer
    • Takran, on 10/10/2007, -1/+2WTF does that have to do with this article, comparing currency fluctuations in two developed nations? Go back to your whiny world peace diggs.
    • ctrlfreak13, on 10/10/2007, -0/+3Not really, the sub-par mortgage issue affects everyone, including the wealthy because they are not only often investors in the mortgage market but they are also hurt by the overall negative effect it has had on the U.S. economy. Also, a drop in the value of a currency will make anyone who uses it poorer on a global level.
  • GRAVEWiSH, on 10/10/2007, -7/+3Unreal!!
  • 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
    • IvanB, on 10/10/2007, -0/+3It's currently being helped a little bit by the overall commodities prices.
    • 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
      • mace2, on 10/10/2007, -0/+3well
      • 1town, on 10/10/2007, -0/+1Well, highfive then, I guess both our currencies are doing well. I dunno bout you but I'm buying dirt-cheap from USA :p
    • Dingo212, on 10/10/2007, -0/+2Actually more than expected economic growth is a big part of the CAD's growth. USD's sinking is part of it but CAD is doing pretty well overall.
    • j1ggy, on 10/10/2007, -0/+3Actually it's a combination of both. Canada is currently going through a huge energy/oil boom now that that price of oil has increased dramatically. As oil prices get higher, which they will, expect the Canadian economy to get even stronger.
    • dscomeau, on 10/10/2007, -0/+5Canada has been reporting consecutive budget surpluses for a decade now...even through the dot-com-bust years. In fact, it's been doing this while all the other G7 countries have been reporting deficits... so this strong Loonie is partly because of oil prices, partly because of a lousy US dollar, partly because of good account management, and oh yeah, Canada ain't pouring trillions of dollars into into Iraq.
    • greedoe, on 10/10/2007, -0/+0As a "petro currency" and the price of oil sky high, I think it's a good part to do with a strong Canadian dollar, as well as the US greenback sinking to peso status. Still, every other currency is gaining against the states, so it's not isolated to the Great White North, just the amazing growth is... 60% gains over the last 5 years?? Wow!
    • nonymous666, on 10/10/2007, -0/+1Thanks, Sherlock.
  • ElliotTrudeau, on 10/10/2007, -4/+5I love how retailers say they cant change their prices because it is to difficult. Im sure if the C$ slipped back to the lows the would bump up the prices over night.
    • CountSessine, on 10/10/2007, -1/+2In fact, this is exactly what has happened with camera equipment like Nikon and Canon lenses in the last few years. When the looney went up, it took half a year before local camera shops began selling at the exchange-rate adjusted price, but when the looney fell again, prices went up the same week. I don't even bother with local retailers anymore. The internet is your friend.
      • realyst, on 10/10/2007, -3/+2However, one can hardly blame them for trying to make up for profits lost during weaker dollars.
      • Argo1, on 10/10/2007, -0/+2A little off topic, but mind recommending a good place to buy a dslr online? I live in toronto if that helps at all.
  • joeg311, on 10/10/2007, -3/+13Peso here we come!!
    • flashman2006, on 10/10/2007, -0/+0Haha. I have some pesos with me. Always wondered if they'd ever be worth more than a dollar. You're right "PESO!! Ya vamos!"
  • accountname, on 10/10/2007, -14/+3Don't worry. I hear Canada is about to attack Mexico. Five years of paying for that war should put them back where they belong.
    • flashman2006, on 10/10/2007, -0/+1What? I'm confused.
    • supermanred, on 10/10/2007, -0/+2No way, we'd burn down parliament hill before we allowed our Prime Minister to put us into a ***** evil war.

      Afghanistan / War On Terrorism? Yes! Iraq? No.
  • pascalosti, on 10/10/2007, -12/+6its time for canada to invade the US
    • mojoel, on 10/10/2007, -0/+5SHHHH! Don't let them know about our secret plans!
    • Rikkochet, on 10/10/2007, -0/+5I fully plan to launch an outright invasion and drown their pitiful, wretched merchants in my colourful money and bring home a substantial booty of consumer electronics and auto accessories.
      USA: Consider this my declaration of war.
    • texnofobix, on 10/10/2007, -0/+1Try me, I'll have my guns loaded. :P
      • heystoopid, on 10/10/2007, -0/+1With the way the dollar is going you could only ever afford to load it with the blanks and send the lead to China to be recycled !
    • ChayD, on 10/10/2007, -0/+2What was it that Denis Leary said that went something like "If you go to the Canadian border after dark, you can hear them sharpening their ice skates"?
  • AntBing, on 10/10/2007, -14/+66I'm in ur currency, shrinkin' ur dollarz.
  • Endeavorer, on 10/10/2007, -7/+2So at this exact moment they should make a pan American dollar... Nevermind, the moment has passed
  • magamiako, on 10/10/2007, -12/+12I just wish all of the republican retards would stop using this crap as a reason to get rid of government systems.

    You have no idea how bad it will be for the US if we moved to further privatize our lives. But it's no big deal to those of us who have half of a brain, we'll move out and live a successful life in another country to prosper. You can have your large debts, your failing market, your failing currency, and your lack of respect in the world. Meanwhile my buying power will be significantly higher than yours in about 10 years.

    Think about why people are defaulting on loans:

    -Car loans
    -Home loans
    -Student loans

    Education is a non-stop rising cost, which of course lowers the buying power of the customer. This customer has to take out a private loan in order to go to school. This adds extra burden financially on a student.

    Needless to say, it's the fact that we've got such a reliance on the consumer individual to pay and do things themselves that have caused the subprime mortgage crisis in the first place.
    • specs10, on 10/10/2007, -0/+3wrong. your education example will prove my point:

      taking out a loan on education is not necessarily a bad thing because it's an investment. a person with a degree is in a much better position after graduation to not only pay back that loan, but to increase total income over the rest of their lives. providing "free" education won't work either because SOMEONE has to pay for it. professors don't work for free; computers, buildings, chalkboards, buses--they all cost money. and the government can't pay for all that because the goverment has nothing and produces nothing. so they have to take it from citizens anyway. so why not just let the people who want the education pay for it themselves instead of taxing EVERYONE, including the people who have no interest in getting an education?
      • magamiako, on 10/10/2007, -3/+0A person with a degree is better off than a person without? I hardly consider that to be necessarily true. At least from my experience, one's experience in an industry, self-desire to be successful, and their charisma are the winners here.

        I work in the IT industry so we're a little skewed. But I've seen more than a few people with 0 degrees making far more money than many people who do "invest" in their education. Tack on a bit of experience they might have gotten through helping some friends here or there (social networking), tack on a great ability to interview and make themselves look good (charisma) and you've got yourself a job.

        Anyone who thinks degrees are worth very much in the everyday job market just need to look at the amount of people in the US that have degrees that have nothing to do with the actual job they end up doing. There are more than a few.

        For an example of my education, however, I only need to point you to institutions such as ITT Tech, TESST College, University of Phoenix Online, and other fly-by-night schools that offer educations (AA/AS Degrees) for enormous amounts of money with little real training to actually do the job.
        • CiXeL, on 10/10/2007, -1/+1I've seen plenty of people with expensive degrees who arent making any money. kinda glad im still staying afloat in IT while theyre cleaning pools and living with their parents.
        • rarson, on 10/10/2007, -0/+4There are opportunities out there for people without degrees, but the majority of jobs require some kind of degree.
    • bratpack8, on 10/10/2007, -0/+4What do you think got us in this problem in the first place? It is government spending, in Iraq, the welfare and nanny state, the War on Drugs, and the slew of other unconstitutional government bureaucracies. Our dollar is not backed by gold, silver or anything valuable, instead simply by a promise by politicians. Ouch. You see, the government can't create wealth, only redistribute it, and inflation (i.e. printing of money) is a secret tax that they continue to spend without the average American knowing WTF is going on. Our money supply has risen 800% since 1980. If that doesn't stun you, I don't know what to say.
      • rarson, on 10/10/2007, -0/+3Don't forget about the ludicrous practices of the Fed. The Fed is the one enabling the government to spend so much money.
    • hailxkill, on 10/10/2007, -0/+2The real problem here is that American's are just floating around. We want to float through high school, go to college (because that's what you do after high school), get a job making $80,000-$100,000 a year (because that's what you do after college), and live our comfortable American lives and bitch about gas prices and buy H3's. That's what America's about. Until people start going after what they want, instead of just hanging around acting so entitled, we're all screwed, privatized or not.
  • airiox, on 10/10/2007, -7/+4The Canadian dollar is back below the US dollar again, but barely. I don't really like Ron Paul that much, but I'm sure he could restore the dollar back to its prominence if he practices what he preaches, unlike most politicians. I'll vote for the dude on the basis of the economy alone.
  • Snoz, on 10/10/2007, -3/+25Looks like I'll be buying an iPhone for $399 CDN MUAHAHAHAH
    • CountSessine, on 10/10/2007, -1/+7And $399 is also about what you'll pay per MB for data on the Rogers network once you bring that iPhone back up here, BTW.
  • watcht, on 10/10/2007, -2/+20Well Canada it seems as though we are evenly matched.
    • mojoel, on 10/10/2007, -6/+13Yes except for the fact that we are far more intelligent.
    • thebellmaster1x, on 10/10/2007, -0/+3But...
      They have milk in bags.
      • supermanred, on 10/10/2007, -0/+5...and free healthcare for everyone. That's why we're so ***** crazy. Don't get into a fight with a Canadian. We know our broken hands and faces can be repaired for free. :)

        Just kidding, but whats wrong with milk in bags? You stick them in a jug in the fridge, when you're done you put the bag in the recycle bin. Beats cartons any day, though most people here buy cartons anyways.
      • astrosmash, on 10/10/2007, -0/+2I just bought my first 4L milk bags, and a milk-bag-holder thing. Woo hoo! (There are no milk bags west of Ontario.)
      • Gman1223, on 10/10/2007, -0/+2I always thought milk from milk bags tasted fresher.
      • jewelz57, on 10/10/2007, -0/+0I don't remember my family ever buying milk that wasnt in a bag. No idea they didnt have bagged milk everywhere... You learn something new everyday.
      • ElliotTrudeau, on 10/10/2007, -0/+0They stopped making milk in bags a couple years ago here in BC. A real shame because it was substantially cheaper too.

        ***** YOU Island Farms
  • TotalCarb, on 10/10/2007, -2/+1Quick, call my doctor! I'm experiencing gambling urges! Oh the Humanity! Bwaaaaaaaa
  • kurtwinter, on 10/10/2007, -0/+17Fiscal Responsibility FTW.
  • 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...
    • Gndoab, on 10/10/2007, -1/+1and that is a bad thing how? thats more money in the US economy
    • lOvOl, on 10/10/2007, -0/+5Yup, I am sure those Canucks would love to take a nice vacation to Detroit, or Flint, or one of many other dilapidated cities that Michigan has to offer.
      • heystoopid, on 10/10/2007, -0/+1You forget they already work there !
    • supermanred, on 10/10/2007, -0/+1You beat me to it. LOL I was going to mention the drive through Detroit. I got stuck there one weekend with a friend because his van broke down. For that reason I will never drive through the US without a new car with warranty or a damned rental. What a ***** area of Detroit we got stuck in.

      That said, Ive traveled all over the US and have a large part of my family there and it is a beautiful country. If it wasnt for the signs along the highway and the poor condition of all the highways and roads, plus the smaller lane sizes and NO PAVED SHOULDER for emergency vehichles in many parts you wouldnt know the difference.

      Beautiful country, great views. Not much different from Canada, as the only real difference is some imaginary line.

      Besides, both countries are a part of America, named after a guy named Amerigo who made porn and just happened to write his name on his map.
  • 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).
    • ElliotTrudeau, on 10/10/2007, -3/+2That really sucks!
      • Sketchcast, on 10/10/2007, -0/+1Especially since the loan probably came from a Private US institution. I looooove Canada student loans, they're low interest and oh so lenient.
        • nemesis256, on 10/10/2007, -0/+1No, it's a Canada student loan, as well as Manitoba. If the US dollar was still higher, I would be paying my loan quicker since it would translate to a higher number in CDN dollars. But not anymore.
  • ShihJhit, on 10/10/2007, -12/+2*gulp* north american union? world currency?
    i smell a conspiracy...
    youtube zietgeist for my "source"
    • supermanred, on 10/10/2007, -0/+2No way. Stay away from our colorful money. You guys are one more stupid war away from bankruptcy and I dont want to sink with your ship when it goes underwater.

      Seriously man, kick those bums out of office before its too too too late.
  • typicalusername, on 10/10/2007, -7/+3Hey, let the Canadians have their moment in the sun, I'm all for it. If the dollar keeps getting lower, that means that all the other crap imported will get more expensive, right? Yay! No more maid in Taiwan crap!
    • flygirl62, on 10/10/2007, -0/+3I imagine it'd be some time, if ever, before you found "made in the USA" again. Since we have dismantled all our manufacturing facilities, we'd be starting from scratch. No matter how you look at it, this is gonna hurt.
    • xinit, on 10/10/2007, -0/+3Yeah, because you won't be able to afford it... Wal*Mart will start to be the place that rich people can buy expensive imported crap... the rest of you will have to get by with cheap American made crap.
    • ccL1, on 10/10/2007, -0/+1You see the problem with that is that America needs to import the things that Canada exports. For example, America's largest oil supplier is Canada. America also imports a lot of other commodities (like metal) from Canada, due to proximity of markets. America will simply be buying expensive Canadian commodities, no matter what.
  • ENFOUR, on 10/10/2007, -2/+2Time to go to Buffalo and shop! Stuff is so much cheaper in the USA. Too bad I can't buy from Amazon.com
    • Ogopogo, on 10/10/2007, -0/+1Is Amazon.com off limits to Canadians? I have no trouble purchasing items from Amazon.com from Canada.
  • 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.
    • Hobofuzz, on 10/10/2007, -0/+4You seem forget that his money is in USD as well.

      Not to mention that the US is the consumer capital of the world, and with the collapse of the US economy comes the collapse of a ***** of other markets that depend on the success of the US economy as well.
      • bratpack8, on 10/10/2007, -1/+4I guarantee Bush's wealth is not in US dollars because he knows the truth. However, if you think it all started with Bush, you are delusional. Our money supply as risen 800% since 1980, and even more if you include the 70's after Nixon took the dollar off of the gold standard. Now our mighty fiat dollar is backed by a promise from politicians. How does that make ya feel?
    • dscomeau, on 10/10/2007, -0/+1You're right...the collapse of the US economy would put a lot of pain on those countries that get a lot of business from US consumption. But Americans shouldn't use this logic to shrug off this threat...In Canada, we're dealing with the fact that we're losing export business (due to the strong Loonie), and as a result losing manufacturing jobs, etc. But that's a wake up call for us, and getting us to stop putting our eggs in one basket, and building better trade relationships with growing markets like China, India, etc.

      The US is in massive debt, which won't disappear if the markets crash. The US will have a lot more shattered pieces of their economy to pick up than most other countries if this does happen. Sure it will likely cause a massive global recession, but the result will be that the US won't be the economic superpower that it currently is. The playing field will begin to level out and the Great USA Empire will continue to melt down.

      I'm sure many average Americans don't realize how much of a problem their massive national "credit card" debt really is. It truly threatens their personal economic comfort. Things will be much more expensive for them.
  • 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
  • itsonlyme, on 10/10/2007, -7/+2I believe this is by design. The economy is actually doing pretty good despite the general public's negative outlook. There are lots of reasons a currency's value can fall. The simplest way is by having more dollars flood the market. The reason you would want a lower value currency is to encourage exports.
    • gottadiggit, on 10/10/2007, -0/+2Yes we just broke a major support level. Once the dollar drops in half you can find a job stuffing olives for export. Good luck with that.
  • mlaprise, on 10/10/2007, -3/+8Wow ! tigerdirect do not seem to be up to date with their pc parts price :

    Intel Quad-Core CPU Q6600 : tigerdirect.ca : 320$
    Intet Quad-Core CPU Q6600 : tigerdirect.com: 290$

    30 $ in tigerdirect`s pocket !
    • Skanadian, on 10/10/2007, -1/+5Canada has been getting ripped off for a while now, especially in PC parts. No company ever changes their prices when the dollar goes up, they still pretend it's like .60 to 1.00.
      • CiXeL, on 10/10/2007, -0/+4tigerdirect is a ripoff anyway. theyre based in florida and along with the rest of miami businesses they are involved in incredibly shady business practices. theres a reason i buy from newegg which is across the country in california despite the fact i can easily drive to tigerdirect.
    • greedoe, on 10/10/2007, -0/+1I think things like magazines and books will continue to be a mega-rip off. Paperbacks are like $5US or $9CDN.
      Thankfully most of the indie comic shops are already charging US cover for comics, and sometimes even less for graphic novels. Beats the ass off Chapters who might give you 10% off the Canadian cover price if you're lucky. I just wanna give the indie comic shops a big kiss!
  • Jalh, on 10/10/2007, -0/+5another depression coming soon ? i hope not
    • CiXeL, on 10/10/2007, -0/+2might be a good idea to read some survival books 'just in case'
    • geekee, on 10/10/2007, -1/+1A weak dollar makes it more likely for people to buy domestically, and helps US manufacturers sell exports. However, it does make imports more expensive, like oil.
      • gottadiggit, on 10/10/2007, -0/+3depression? Not until Hyper Inflation is finished, by then you will be praying for a depression.
      • senatorpjt, on 10/10/2007, -0/+3Now all the US needs is manufacturers, and we'll be all set!
  • 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
    • Hobofuzz, on 10/10/2007, -0/+4o_O

      Canadians don't yodel. That's the Swiss.
  • liquidfirex, on 10/10/2007, -0/+2Yet one more reason the next US president will be the deciding factor for the country.
    If you are lucky you get a few competent people in office the next few terms and over the next 20+ years the mess that is Bush will be at least be lessened to a large degree. Otherwise... well... let's not go there.
  • Gndoab, on 10/10/2007, -1/+4I'm no economist, but there are UPSIDES to having a low dollar (yes, believe it or not). If the dollar is low, it helps US exporters. They can compete better on a world stage because it costs less to have the labor done in the US then in other countries.
    I don't see why the dollar being weak is so terribly awful...
    • CiXeL, on 10/10/2007, -1/+5i keep waiting for someone to tell me what we actually export
      WEAPONS - thats it.
    • quiksliver, on 10/10/2007, -1/+4because very few people know how this works, they see the value of the dollar as an indictaor of how well or poorly thier country is doing. I live in Canada and I can't even begin to tell you how many times the teacher has yelled "omfg candian dolla on teh rise" and all the students start ejaculating vigorously.
    • tvmatt, on 10/10/2007, -0/+2Yes a lower dollar will help exporters... problem is, the US imports a LOT more than it exports. It doesn't balance out for the economy in the end.
    • heystoopid, on 10/10/2007, -0/+1What exporters ? Your Car Industry has been flushed away , all your light and heavy industries are a ghostly shadow of that which existed in the forties , the country imports Oil for the plastics bag making industry , needs 13 million undocumented workers in the farming , food and garment sectors industry , and basically 95% of the countries foreign income is derived from the 1998 DMCA !
      From all that one could say the country is in the ***** and is just a matter of time before some one pulls the flusher !
      And as for the Armaments boys , they are totally reliant on cheap foreign parts to make things work as intended !
    • johntsien, on 10/10/2007, -0/+1Who here remembers Macro-Economics? This IS a good thing. Floating exchange rates are one of the mechanisms in which inequalities in global monetary and economic systems are evened out. Part of the reason the US imports so much is because cheap foreign labor makes foreign goods cheaper IN RELATION TO OUR CURRENCY. A weaker dollar makes foreign goods more expensive to US consumers and US goods cheaper to foreigners. As a result, Americans buy more American goods and foreigners buy more American goods. Demand for US currency then increases as foreigners need dollars to pay for their US goods and the dollar will rise. A weak dollar is an inescapable market based consequence of the US import binge and is part of the solution and is not necessarily a bad thing. In fact, many Asian countries in the 80s were advantaged by their weak currencies as their goods were cheaper than comparable western ones and those governments liked it that way.

      In a free market, currencies will equilibriate based upon demand for that currency. This is determined largely by global trade flows and interest rate dynamics. Over time, it all evens out. Free trade means that we let the market dictate things like our currency rates. Stop bellyaching. This is may make your $20 DVD player more expensive in the short term but ultimately it will spur domestic US production growth as the investments in productivity that American manufacturers have made over the past 20 years linked with a weakening dollar makes US goods both higher quality and more cost competitive with foreign ones. Take that, POSCO!
  • NikoKun, on 10/10/2007, -2/+2Is it Canada moving up? Or America moving down? lol
    • DeFex, on 10/10/2007, -0/+2its mostly US moving down. look at canadian vs euro or UK pound it is more or less the same as it was in november 06, it fell a bit for a while with the US but the US continued to fall and the $CAN recovered.
    • TrevorBradley, on 10/10/2007, -1/+6Canada is in top, which in prison would make you our bitch.

      Enjoy your new position...

      ;)
    • airstrike, on 10/10/2007, -0/+2please spare us of the lolzor.. it just makes you sound stupid
    • airstrike, on 10/10/2007, -1/+1please spare us of the lolzor.. it just makes you sound stupid
    • Urzeitlich, on 10/10/2007, -0/+1I see what you did there.
  • Azumoth, on 10/10/2007, -3/+0This totally sucks for me. I moved to the US to work and get the exchange rate to pay off my student loans quicker; now that isn't possible, I may be losing money.
  • 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
    • CiXeL, on 10/10/2007, -1/+1he wanted control of the oil so he could dole it out in small amounts for maximum profit.
  • stinger666, on 10/10/2007, -2/+5This made the front page already.
  • Zcott, on 10/10/2007, -1/+2It's worth considering that the Canuck dollar is currently going pretty strongly. Combine that with a weak American dollar and a total American bias that everything revolves around America and you'll see that although things are bad, they're not that bad. :P

    Yes folks, other currencies move up and down too!
    • CiXeL, on 10/10/2007, -0/+2if youre living in LA or NY things might not be bad yet but try elsewhere.
      even still i know loads of people migrating out of california due to financial pressures.
    • tehnico, on 10/10/2007, -0/+1Don't forget, everybody also hates the US because their world representation makes them all look like uneducated assholes. Why would the world want to invest in that? It's not always about dollars and cents. Sometimes you just don't want to go to bed with a dick head.
  • theradical, on 10/10/2007, -0/+2I guess you guys missed this on the front page like five hours ago...

    Anyway I will say that since there is no incentive for Canadian retailers to adjust their prices from the 63 cents on the dollar pricing of six years ago, it will be a long long time before the cost of consumer goods reach parity along with the currency.
  • gregm11, on 10/10/2007, -3/+5If the USA were a stock the order would be SELLL!!!!
    • friendlyman, on 10/10/2007, -1/+0really? I would buy. Then when the USD came back i'd sell then make a profit. Unless the US goes into a depression.
      • CiXeL, on 10/10/2007, -0/+2the US wont be coming up for quite awhile. as it drops things will get more desperate and many stupid decisions will be made to mess things up and complicate things further. swift panicked decisions compound problems.
    • xXdredgXx, on 10/10/2007, -1/+1yea for us Canadians it would be time to buy and sell if and when the Canadian dollar drops and when the US dollar goes back up
  • compgeek, on 10/10/2007, -1/+2finally my country has something over the damn US. no wonder their currency is worth nothing they keep printing it like its going out of style (jk lol). if they backed it with something as was stated previously it might be actually worth using right now I'd say hell with it and whipe my ass with US $1 billl
    • senatorpjt, on 10/10/2007, -0/+4The best thing about Canada was always that it wasn't full of Americans.
      • compgeek, on 10/10/2007, -0/+1right on *thumbs up* ignorant Americans suck
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