Canadian Dollar Reaches New Heights: Time For a Donut?

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Discussion Overview

The discussion revolves around the recent performance of the Canadian dollar against the US dollar and the Euro, with participants expressing personal reactions and opinions about currency exchange rates and their implications for purchasing goods, particularly donuts. The conversation includes elements of humor and personal anecdotes, as well as commentary on broader economic conditions.

Discussion Character

  • Exploratory
  • Debate/contested
  • Meta-discussion

Main Points Raised

  • Some participants note the Canadian dollar's current exchange rate of 0.968617 cents US and its fluctuation around 0.7 Euros, expressing personal feelings about this situation.
  • There are differing opinions on donut preferences, with some advocating for Krispy Kreme while others suggest alternatives like Hostess products.
  • A participant expresses concern about the exchange rate while planning a trip to London, indicating that it may affect their experience there.
  • Another participant shares a contrasting experience of enjoying favorable exchange rates during a trip to the US, highlighting the variability in currency value perceptions.
  • Some participants discuss the implications of currency value changes on the cost of goods, particularly US-made products in Canada, with one noting that prices may not reflect the exchange rate changes.
  • A later post introduces speculation about potential actions by the US Federal Reserve and their possible effects on the dollar's value, linking it to broader economic conditions.
  • There is a mention of historical context regarding the Canadian dollar's value in the 1980s and its impact on job movement between Canada and the US.

Areas of Agreement / Disagreement

Participants do not reach a consensus on the implications of the Canadian dollar's performance, with various opinions on its significance and the relevance of currency exchange rates to personal experiences. The discussion remains somewhat light-hearted and informal, with no definitive conclusions drawn.

Contextual Notes

Some statements reflect personal anecdotes and subjective interpretations of economic conditions, which may not account for broader market dynamics or individual circumstances.

oedipa maas
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The Canadian dollar hit 0.968617 cents US today. And it's been flirting with 0.7 Euros since the beginning of June.

I suddenly feel like going for a donut at Krispy Kreme.
 
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oedipa maas said:
The Canadian dollar hit 0.968617 cents US today. And it's been flirting with 0.7 Euros since the beginning of June.

I suddenly feel like going for a donut at Krispy Kreme.

Eeewww, eat a real donut for God's sake.
 
Dunkin Donuts? Krispy Kreme? Hardly.

You need to get those trans-fatty-acid soaked wonders from Hostess...
 
I always admire how quickly threads get irrelevent.
 
oedipa maas said:
The Canadian dollar hit 0.968617 cents US today. And it's been flirting with 0.7 Euros since the beginning of June.

I suddenly feel like going for a donut at Krispy Kreme.

I'm going to London for a month, not excited about the xrate :(
 
Greg Bernhardt said:
I'm going to London for a month, not excited about the xrate :(

I feel for you there, Greg-- especially going to London as it's an even more expensive place to live than the rest of the UK. If it makes you feel any better, I've just been on a trip to the US and loved the exchange rate; everything was so cheap! :biggrin:
 
Math Jeans said:
I always admire how quickly threads get irrelevent.

The value of national currencies isn't expected to remain up to date for long. Just like Krispy Kreme donuts don't stay fresh.
 
oedipa maas said:
The value of national currencies isn't expected to remain up to date for long. Just like Krispy Kreme donuts don't stay fresh.

You need to freeze them and then microwave them for 30 seconds.

No wait, I'm talking about the British Pound.
 
oedipa maas said:
The Canadian dollar hit 0.968617 cents US today. And it's been flirting with 0.7 Euros since the beginning of June.

is that a good thing?

irrelevent--->irrelevant
 
  • #10
cybernomad -
it means all the US-made junk costs less in Canada - Hostess cakes made in Albany sell for about 20% less than a year ago - to beat a dead irrelevancy into a pulpy mass.

Except that the Canadadian stores prolly still charge the same? The only way to win is to take Canada dollars South (inside a Visa card) buy stuff and go home.
 
  • #11
If the Fed cuts the discount rate next week, then the dollar will drop further.

It's good for those of us exporting goods and services overseas.

Many eyes will be watching Ben Bernanke.
Next week's meeting (September 18) of the US Federal Reserve's key interest rate setting group is looming as the most important for years.

At stake is the health of financial markets from bonds, interbank, shares, commodities and all those other outriders. But it has been overtaken by events: specifically the rescue by the Bank of England of Northern Rock plc, one of Britain's biggest home lenders.The Bank of England will reveal later Friday the terms of its rescue of Northern Rock, which has $US200 billion in assets, but which has been frozen out of the short-term markets by the credit crunch. The bank funds much of its home loan, credit card and other loan book from short-term markets and the rescue means that it is the first significant institution to ask for emergency aid, having exhausted all other options.The news will force the Fed's hand to cut cuts and the market is now punting on a half a per cent trim being the most obvious move, rather than the 0.25% tipped in a survey by Bloomberg. A clutch of statistics out in the US tonight, including retail sales, will also have a big bearing on the Fed's decision because they will give a reading on the state of the wider economy. Industrial production figures are also due.

http://www.acnnewswire.net/press/en/40921/Australasian-Investment-Review.html
 
Last edited by a moderator:
  • #12
jim mcnamara said:
cybernomad -
it means all the US-made junk costs less in Canada - Hostess cakes made in Albany sell for about 20% less than a year ago - to beat a dead irrelevancy into a pulpy mass.

Except that the Canadadian stores prolly still charge the same?

I was in the auto part manufacturing sector and enjoyed the low dollar of the 80's when US companies moved jobs north. I'm Canadian.


jim mcnamara said:
The only way to win is to take Canada dollars South (inside a Visa card) buy stuff and go home.

What of Mexico?
 

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