According to XE, CAD 1 = USD 1.057; USD 1 = CAD 0.946
:eek:
The Canadian dollar keeps rising. Or the US dollar keeps dropping. Or something.
It’s gotta slow down sometime, doesn’t it?
(I knew I should have held off on buying that Adobe software that was priced in US dollars…)
Bugger. I just paid for an iPod Touch from an American shop two days ago when it was at $1.03. Shoulda waited a couple of days. 
So… I guess it’s time to stop rejecting the Canadian coins I find in my change, then?
Trade you for some American coins someone had the nerve to pass off on me. 
An iPod Touch was how much?
CalMeacham, they still don’t work in pool tables or vending machines, so I’d rather not wade into the world of high-stakes money trading.
If this is a long-term thing that sticks around for a couple of years, Canadians may start hesitating about US coins… though I have noticed that vending machines are a lot pickier than they used to be.
On the weekend, I saw some restaurant or other that was giving 90c Canadian for $1 US. That’s one heck of a ‘service fee’…
And one of the big mega bookshops here, Indigo, just announced a ‘10%-off sale’ for their books–evidently all the pressure to lower Canadian prices is having an effect.
It worked out to $395 CAD shipped (US $370 + US$26 shipping. Yes, that’s roughly par, but PayPal also takes an invisible cut when it converts currencies during an Instant Transfer, so the extra 3% or so was lost to that.)
I still save about $50, because Apple (and most retailers) sell it here for C$449. And if I get lucky enough that my packages crosses the border without any duty fees (it happens) I’ll save an additional $60.
ETA: I heard on the news a week or two ago that book stores are indeed planning on bringing book prices more in line with current exchange rates, but that we probably won’t see anything official 'til the first or second quarter of '08.
Well, $1.03 Canadian. The Canadian dollar’s gone up a bit lately, if you’ve heard. 
I should hope so. The Canadian dollar has been damn close to the US one for years now, yet all books that have prices on the back seem to still think it’s 1980. I would be seriously pissed if I was buying a lot of books in Canada.
I have about CAD 200 from my last trip to Canada: good to see that asset slowly appreciating.
Eventually you’ll be able to buy a car.
USD to GBP = £2.07. :eek:
According to the news, that’s a 26-year high.
It just hit $1.06. :eek:
USD 1 = CAD 0.94289; CAD 1 = USD 1.06057
This is starting to get creepy.
Highest since 1957 or 1959 (the two sites I’ve read contradict each other, and I don’t care to look deeper into it). Pretty amazing.
It’s dropped back now, but the Globe had a headline: Loonie hits 130-year high…
On a plus note, our company orders are up nearly 20%. Seems to be cheaper to buy manufactured metal braces from the US now.
Wow, the dollar has quadrupled it’s value against the pound, yet is still worth less than the loonie…
I guess you are in the States?
It’s about time you guys started to get some manufacturing back. If oil keeps rising, and long-distance transport becomes less competitive, you’ll need local manufacture.
Yeah, we’re thinking of outsourcing our grunt-work to the States
The thing is that there will only be really substantial manufacturing gains is if the dollar stays low for awhile. This sudden jump in the loonie is a six-month shock, and if it drops down to 92 cents in another 6 months, the positive effect on US manufacturing will be very limited. You can’t just ramp up manufacturing capacity that fast.
A few days ago I visited a Canadian factory that relies on U.S. forged products - it’s their main input. Their demand is going through the roof because they mostly serve the mining and oil industries, but they just cannot get product from the USA fast enough. The mills simply don’t have the capacity to meet their demand and won’t without years of investment.
If the US dollar stays low for a few years, US manufacturing will do very well (which, in the long run, isn’t necessarily bad for Canada.)