The Canadian dollar at $0.75

Discussion in 'Canada' started by RumRunner, Jan 29, 2015.

  1. 16VGTIDave

    16VGTIDave Reaver made me do it...

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    If your investments are not in gold or silver, in your possession, you don't have investments. You have risks.
    #81
  2. inverted

    inverted Berwyn rocks

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    63,000 jobs lost in Alberta since the price of oil dropped. gonna be ugly for a few years in these parts
    #82
  3. DRPhoenix

    DRPhoenix Viking

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    Surprised you ride a motorcycle with all the risk involved.
    #83
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  4. goodcat

    goodcat Changing latitudes, altitudes and attitudes

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    Update

    1 CAD = 0.70 USD
    #84
  5. goodcat

    goodcat Changing latitudes, altitudes and attitudes

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    Real estate is and always will be the #1 best investment
    #85
  6. C-Stain

    C-Stain Long timer

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    The only guaranteed things in life are death and taxes. You can't stress the poits in between of which you have no control.
    #86
  7. ScottDill

    ScottDill TANSTAAFL Supporter

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    That's not an investment, that's a hoard...:rofl
    #87
  8. Steve G.

    Steve G. Long timer

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    Some say that gold is a hedge against calamity, or world strife. I would say that the upcoming war in the middle east, and the collapse of the world economy from debt, is a pretty good set up for the metal. The unintended consequence of a Canadian buying gold and silver during the U.S. $'s rise, is a nice rise in value, as good as buying U.S. cash.
    #88
  9. Cal

    Cal Long timer

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    How to you spend the gold at the grocery store during the calamity?:D
    #89
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  10. Maggot12

    Maggot12 U'mmmm yeaah!!

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    Newfoundland was doing well the last number of yrs from oil royalties and the many that worked out west. St. John's and all the oil related employment there is taking a beating as well.

    Was thinking of buying my retirement home there soon. May have to wait a couple yrs (if this keeps up or gets worse) till that same house drops a 100k.

    #90
  11. Air_Bob

    Air_Bob Been here awhile

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    Exchange rate is now $69.62 US to $100 CDN
    #91
  12. Holaday

    Holaday Man of Leisure

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    Even more shocking are the real world numbers. The money exchange I use who's rates are better than the banks is currently charging $1.4451 CDN for a US dollar.
    #92
  13. Steve G.

    Steve G. Long timer

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    Lol, you're talking Armageddon. Actually during crazy times like that, when there's no government to 'back' paper money, paper money is worthless. Just ask Zimbabwe, with their $100 trillion dollar bill, that could buy a loaf of bread.
    #93
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  14. Steve G.

    Steve G. Long timer

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    That's spot price. Add 1.5% if you use a credit card down there, or add 1% at least to buy US cash at an exchange place. Basically take anything down there and put 45% on it.
    #94
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  15. CanadianX

    CanadianX Don’t leave a steaming pile for others.

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    gold has no value as a currency other than what we give it. Like smokes in prison.
    #95
  16. dustin2

    dustin2 VFR800

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    Very, very true. I make at least one sizeable road trip south of the border every spring and I have been planning mine for 2016 despite the weak dollar. Turns out that a comparable time & distance riding around BC isn't actually much cheaper.

    Thankfully, my girlfriend is an eager pillion so most expenses are cut in half now days!
    #96
  17. Maggot12

    Maggot12 U'mmmm yeaah!!

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    I agree, but not always depending on when you enter and leave a particular market.... posted to Victoria in 2008, left in 2012. Many folks lost over 100k in house prices with the average mover in those yrs (give or take 1-2) lost 45k.


    #97
  18. Drwnite

    Drwnite Adventurer

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    Pretty much exactly the same as the Ozi dollar. 1 AUS = 0.69 USD
    #98
  19. Maggot12

    Maggot12 U'mmmm yeaah!!

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    But now the cost is not beneficial to go south, it may be similar or the same. If that's the case i'm staying home and supporting Canadians. I don't get all the 10x better stuff that SG is talking about.

    When our buck is 85+ sure it works out in our favour in many cases. But now there's no advantage going south economic wise. And if it's equal, don't go south, think about seeing some of our awesome country and head east.

    #99
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  20. dustin2

    dustin2 VFR800

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    Economically, it's a wash now. However, Oregon & California are well worth the price of admission. Riding heaven.

    [​IMG]