$1 CDN = $1 US

[vexor]

I don't know if it's been discussed on the american news but it's the top story here in Vancouver and i'm sure rest of canada. 1 Dollar canadaian equals 1 dollar american.

so it looks like i'm gonna be buying my next car from Washington state rather than here.

What's the American perspective on this? don't come into canada? lol

[Schwalbe]

What's the American perspective on this? don't come into canada? lol

I think the worst thing for an American citizen when they come to Canada it's when they return in USA. They must undergo their own stupid "Homeland Security" law: They must wait 1 to 3 hours at the US Custom and bring a passport to return in their own country...like if Canada was the Kazakhstan. :roll:


Back to topic: It's a great news for every Canadian citizens exept perhaps some CDN Export Companies.

For my part I find only avantages: I buy a lot of goodies from the States and my business and vacancy trip in USA cost a lot cheaper. 8)

[5vz-fe]

^Not really, my company main business is US....and we are paid in USD. Our profit dropped significantly over the past 2 years. :cry:

Also, with USD dropping.....alot of Canadians will go to the other side of the border for shopping, hurting our retail as well.

[blinkmeat]

nobody in their right mind gets out of their car anywhere near detroit :?

[nthfinity]

What's the American perspective on this? don't come into canada? lol

I think the worst thing for an American citizen when they come to Canada it's when they return in USA. They must undergo their own stupid "Homeland Security" law: They must wait 1 to 3 hours at the US Custom and bring a passport to return in their own country...like if Canada was the Kazakhstan. :roll:


Back to topic: It's a great news for every Canadian citizens exept perhaps some CDN Export Companies.

For my part I find only avantages: I buy a lot of goodies from the States and my business and vacancy trip in USA cost a lot cheaper. 8)
who told you that? sure, it takes a while for the trucks bearing cargo... but I was in Winsor just a bit ago, and it took all of 2 minutes for 4 people to cross the tunnel both there and back later that night...

as far as my view.... its a reason to not goto canada anymore... no more cheap beer :P

as for here, the prices dont really feel that different anyway ;)

[twboy1999]

time to go shoping in usa

and buy iphone

[5vz-fe]

time to go shoping in usa

and buy iphone

Better yet, buy a car......they are at least 20% cheaper in the states

nobody in their right mind gets out of their car anywhere near detroit :?

wusses!

Yeah, I guess we heard about those shootings too much. Maybe it's not true in some area...but I guess it is safer to goto NY for shopping instead :P~

[graywolf624]

Safe in New York? You Canadians really are a bit backward arent you?

[5vz-fe]

keyword...."guess" :mrgreen:

[acmarttin]

I've never gone to Canada specifically to buy something. I go to Canada specifically to ski. I just booked plane tickets to Vancouver for new years 2008. Gonna ride Whistler again. One of my favorite places to go in fact - and I was spoiled most of my life with season passes to Colorado's top resorts.

[Schwalbe]

who told you that? sure, it takes a while for the trucks bearing cargo... but I was in Winsor just a bit ago, and it took all of 2 minutes for 4 people to cross the tunnel both there and back later that night...


Your right about Cargo trucks it's now their daily routine to wait that long. About normal passager cars you can wait at the Quebec/USA border more than +2 hours on summer/winter holidays peek period.

I base my point when I take the plane at Dorval (Montréal Int. Airport) to go in USA. I compatise always with American citizens who must wait couple of hours like me in the line before taking the plane. But, I must to admit it's now better than the years following the 9/11 events.

[philip]

Last time I was in Canada, it was 1 USD to 1.35 CD. After you paid all the extra taxes, it seemed about even. I guess now everyone will shop in the and visit the USA. Welcome.

On my road trip this summer there sure were a lot of European visitors. I guess nows a good time to visit. Welcome.

[Mattk]

Hmm, the US dollar is really dropping. The Australian dollar has become stronger against the greenback this year, but unlike Canadians, it's not like we're going to all fly to America to buy things.

[corpse_grinder0]

man when did this happen?

[philip]

At some point this is all going to affect the profitablility of the foreign automakers as they currently discount their prices to keep their market share in the US. They may at some point just have to let go and the price of foreign cars will skyrocket in the US.

However, the Blue Devil Corvette will be dirt cheap overseas, that is if the foreign governments dont add all kinds of import duties and value added taxes as they are so well know for.

[Shinigami]

However, the Blue Devil Corvette will be dirt cheap overseas, that is if the foreign governments dont add all kinds of import duties and value added taxes as they are so well know for.Unfortunately, that is exactly what they will do.

[dutchmasterflex]

Damn. I remember some people here saying that this would never happen.

[vexor]

^^^ it's happened before.... mid 70's

[philip]

In the '80's the US currency was high.

Porsche and Mercedes didnt want to sell their cars cheaper than US cars, as they liked the cashe' of being known as a luxury brand, so their cars were priced higher than they should have been in the US.

That is how the grey market cars started. People would go to Germany and buy the cars directly with their valuable US dollars and import them in to the US directly. Supposedly you could save $10,000.

You can tell a grey market car in the US today by the ZZZ in the vin number. Buyer beware in the US. All Ferrari Boxers in the US are grey market. DOT papers are really important.

[corpse_grinder0]

so I was talking to someone today, and aparently they said the reason the canadian dollar has been rising is the cost of oil. they said as oil prices increase so does the canadian dollar. is this true?

[vexor]

^^^^ yep.. well half of the reason why. They mine for oil in Alberta

[5vz-fe]

^oil sand also

[nthfinity]

^^^^ yep.. well half of the reason why. They mine for oil in Alberta

For ever 3 oil wells made in canada, 5 pop up in international waters in the gulf, and we find 10 more locations, and drill none :(

(i'm basing that on no statistics, or facts BTW)

[nthfinity]

In the '80's the US currency was high.

Porsche and Mercedes didnt want to sell their cars cheaper than US cars, as they liked the cashe' of being known as a luxury brand, so their cars were priced higher than they should have been in the US.

That is how the grey market cars started. People would go to Germany and buy the cars directly with their valuable US dollars and import them in to the US directly. Supposedly you could save $10,000.

You can tell a grey market car in the US today by the ZZZ in the vin number. Buyer beware in the US. All Ferrari Boxers in the US are grey market. DOT papers are really important.

there are a lot more reason for gray market cars... in the 90's, some cars that weren't available in the US hold vin tags that belong to "similar" but the wrong car... hence, why "some" of the Lamborghini Diablo GTR's here are here... and DOT/EPA etc. people overlooked them since they were already vin'ed as US spec... (actually illegal... beware)

[Stikz]

Have a look at this:

http://www.wheels.ca/article/31673

road trip :)

[philip]

so I was talking to someone today, and aparently they said the reason the canadian dollar has been rising is the cost of oil. they said as oil prices increase so does the canadian dollar. is this true?

Commodities are king right at the moment. Oil gold silver copper timber etc etc. Canada has tons of that stuff, lots of foreign companies are trying to get a piece of it so they need Canadian dollars to buy in, so the Canadian dollar goes up.

The US on the other hand is spending by borrowing money like a Democrat, war in Iraq, oil for SUV's and 500 hp cars, big screen TV's, toys with lead in them from China etc, etc. At the same time the FED is keeping interest rates low to stimulate the economy. Foreign investors are not as likely to want to own US dollars as they can't get much interest for their money plus the US dollar keeps dropping in value so the sell their dollars and buy Canadian dollars and Euros.

Foreign governments are also rethinking only having US dollars for their cash reserves. Some are going to a market basket, a little of everyones currency and maybe a little gold. So as they do this the US dollar falls and the more it falls the more people get rid of it further reducing the value. Wait till China decides it does not want any more US dollars. Look out, it could get really messy.

I'm figuring when we finally pull out of Iraq thats about when the stuff will hit the fan.

[5vz-fe]

^hey now philp, don't scare me too much. I have quite some investments in USD. :(

[philip]

^hey now philp, don't scare me too much. I have quite some investments in USD. :(

What goes up comes down what comes down goes up. (except for Enron , Worldcom and maybe your '76 Vette)

Buy when there is blood in the street. With the USD its not there yet.

I missed some great opportunities a while back. I thought, oh the Euro will always be .85 USD and the Canadian dollar will always be .65 USD.

Damn back then there was this great 1 bedroom ski condo in Ferny in Alberta for I think 25k Canadian and I passed it up. What a dumb *hit I was.

[5vz-fe]

^LOL!! Yeah man, I know what you mean. There's always a saying "If I only knew..." :mrgreen:

[79TA]

craziness. I didn't know the Canadian dollar had gone up so much until yesterday. Before then, I just assumed it stayed at the usual 66 cent mark or so like it always had done before.

[666fast]

That is how the grey market cars started. People would go to Germany and buy the cars directly with their valuable US dollars and import them in to the US directly. Supposedly you could save $10,000.

I believe Volvo still does that. Saves you and them thousands.

Doesn't this ultimately hurt Canada? They import more than they export and their biggest trading partner is the US.

[philip]

Canadian shoppers heading South.

http://news.yahoo.com/s/nm/20070927/wl_canada_nm/canada_usa_retail_col_2

Walmart sells Halo 3 at same price both sides of border, other retailers apparently not.

[5vz-fe]

There is also a class lawsuit going on towards car manufactures
http://www.citynews.ca/news/news_15167.aspx

[Mattk]

^Canadians like class action lawsuits as well? Hmm... Don't think this one will work out.

[Bizi Jones]

Canadian shoppers heading South.

http://news.yahoo.com/s/nm/20070927/wl_canada_nm/canada_usa_retail_col_2

why head south when amazon delivers to your door step... :P

btw anyone c the Colbert Report last night...'you owes for the dollar name infringement, 900+ billion $, oh and btw can u make that CAD'...lol