Canadian dollar passes US$1.10 mark

[Kor]

http://www.cbc.ca/money/story/2007/1...s.html?ref=rss

OMFG

[Canadian Turbo]

Re: Canadian dollar passes US$1.10 mark

It is very nuts and really there is not much to stop the US$ free fall, especially if China begins selling it off.

If things get around 1.20 I am not sure if I can ignore buying a US car, the deals will be too good to pass.

[Billip]

Re: Canadian dollar passes US$1.10 mark

When I ordered my car the exchange rate was $0.85. Now it seems $1.15 or $1.20 is likely in the near-term. I'm not going to calculate what the price delta is anymore because it just makes me .

[liquid]

Re: Canadian dollar passes US$1.10 mark

I think we'll see CDN interest rates lowered by 25 basis points to try and offset the rampaging CDN dollar. Granted we can't do much about the US dollar falling, but I could see CDN policy makers (considering they're in Ontario where Manufacturing is a larger component of the Economy), try and keep the CDN dollar close to parity.

[R_Ethug]

Re: Canadian dollar passes US$1.10 mark

awesome.. yea us car buying is a must now..

i'm going car shopping with my brother this weekend to look at a w8 passat but hell maybe we should go to the US

[kuhli]

Re: Canadian dollar passes US$1.10 mark

Haha, I'm licking my wounds cause I only got $1.01!

[Kor]

Re: Canadian dollar passes US$1.10 mark

Haha, I'm licking my wounds cause I only got $1.01!

Well $1.10 is not what you would get as your rate, but duty is only 6% so if you make that up then for sure you have nothing to lose.

[nordex]

Re: Canadian dollar passes US$1.10 mark

It is possible to not pay bank fees. Any bank employee well tell you that they get free currency exchange.

[kuhli]

Re: Canadian dollar passes US$1.10 mark

I couldn't use them in time, but these guys to larger transactions and give better rates to all their customers...

http://www.customhouse.com/company/c...rthAmerica.asp