You read it right the first time. 
Time to drive down to Buffalo and pick up an Iphone.
Declan
It’s weird how nationalism can express itself. I’m not sure this is really great news for Canada. NPR did a story yesterday about how this has depressed tourism to Canada. Canadians should see lower prices as a result of this, but the same story said savings are not yet being passed on to consumers. I looked on the net and sure enough iPod form Best Buy = $170 Canada v. $150 US. Arcade Fire CD from Amazon = $15 Canada v. $11 US. This excludes shipping and whatever taxes might apply.
And it would be wrong to think hot economy = strong currency. While a strong economy can be a factor in currency valuation it is only one of many.
Well, we definitely are having a thriving economy here, but it would be foolish of us to think that when the U.S. tanks, they won’t take us down with them. Our economical systems are intertwined in legislation (NAFTA) and in practice, and we’re very much the junior partner. Your illegal war, your president and your lending crisis are dragging you down now, but when our oil is gone, we’ll see how our economy stalls then.
It’s been bugging me for years how as our dollar got stronger, the price for stuff in Canada that had a price in CAD and USD was still so disparate. I feel like going to Chapters and offering to pay the book price that’s listed in USD rather than the CAD one that’s still 20% higher. I’m old enough to remember when the price on a book was the price in Canada or the U.S. :mad:
Yeah, yeah. Canadians know all that. They know a hot currency has its drawbacks. This isn’t a question of nationalism. It’s just that after years of needing to exchange 140 CAD to get 100 USD, it’s nice to see parity. (Florida, look out – there’ll be a extra-large helping of fat, hairy, uncooked Canadian flesh thawing out on your beaches this winter.)
Nonetheless, your point is well taken. Where I currently work in Canada, pretty much all corporate expenses are in Canadian, and all revenues US. It used to be a godsend: $40M US revenue, $40M CA expenses equalled big profits just on the exchange. Today, it means a very small loss. Of course, there are also other factors at work. Personally, I don’t mind the exchange rate sliding up and down over a wide range, as long as it happens very, very gradually. This kind of swing is worrisome.
Yes, there is the downside to export-based sectors of the economy. But Canadians are paid in Canadian dollars and mostly own assets that are valued in Canadian dollars, and those are suddenly much more valuable on the international stage. In effect, we all just got wealthier. What’s not to like about being wealthier?
Conventional wisdom has traditionally been that as the U.S. economy goes, so too goes Canada’s. However, since 2002, this has not been true. For the last five years, Canada has led the G7 in real growth, despite the uneven and often poor performance of the U.S. economy. Non-U.S. markets for resources accounts for some of it, particularly as the price of oil rises and makes Alberta’s reserves economically viable (and, of course, the Canada is already the biggest supplier of oil to the U.S.). And, the money for all of this resource development is raised in Toronto, which keeps that part of the cycle in our economy (most emerging markets are forced to seek capital in “First World” markets). It’s a cozy little convergence of factors that mitigates the impact of depressed demand in other traditional Canadian markets.
Maybe it’s because we’re a very young nation, and baby’s growing up.
We’ll just …not say much about that boating episode with the machine guns, screech, and moose antlers out behind the seminary, then, will we? Time to get dressed to go meet the Chinese and European investors. 
I wonder, how far back does that go? Before Britain joined the Common Market and ended Commonwealth trading preferences? Before the Balfour Declaration of 1926, when much of the British Empire was recognised as self-governing entities? I think this conventional wisdom may be a product of the 1950s.
Watch it . The EU are the ones who can be talkin’ that kinda trash, these day (US$ 1 = about €0.71 )
As a Vancouver-based actor, this is bad news for me. I’ve heard that it’s generally not worth shooting an american show here (as opposed to down south) if the dollar is above .80 USD. Film and television production is more or less manufacturing, after all. This should concern many dopers as well: They shoot Battlestar Galactica here, so a high canadian dollar makes the show less profitable 
. Maybe if the dollar were still low, the show could have gotten more than four seasons.
Plus US$ 1 = £0.49. Good time to be European.
Jamie Bamber, is that you???