Canadian $ to US $ almost 1:1

hoosegow · Post by **hoosegow** » Wed Jan 19, 2011 9:26 am

As an American it is frightening only because it shows how weak the dollar has become. This by no means is meant as a slight to our Canadian brethren. In my lifetime I don't ever remember it being this close.

Jebus · Post by **Jebus** » Wed Jan 19, 2011 12:05 pm

Our dollar has been worth more than the greenback in the past.

hoosegow · Post by **hoosegow** » Wed Jan 19, 2011 2:09 pm

I don't doubt it, I just don't remember it.

wilburburns · Post by **wilburburns** » Wed Jan 19, 2011 2:13 pm

hoosegow wrote:I don't doubt it, I just don't remember it.

When I went up North to Fish back in 99 or 2000, It was almost $2 US to 1 Canadian Dollar.

Cliff

robt-aus · Post by **robt-aus** » Wed Jan 19, 2011 2:21 pm

don't mean to make it slightly scarier, but between Dec 27-29 in 2009 and 2010, the AUD went 'over parity'. $1AUD to $1.01USD.

this supposedly caused a big spike in post Christmas internet orders. however, I didn't buy my second copy of practical programming for strength training. i'm not much of a trader.

As of right now the rates are 1:1:1 AUD:USD:CDN...

Post by **Jungledoc** » Wed Jan 19, 2011 4:32 pm

My wife went to college in the US in the 70s (yeah, she's almost as old as I am) on Canadian student loans. At that time the CA$ was > US$. By the early 80s when we had to start paying back the student loans, it had shifted so that the US$ > CA$. This meant that the economy was effectively paying her interest on the money that she borrowed!

hoosegow · Post by **hoosegow** » Wed Jan 19, 2011 5:04 pm

Okay, I concede - perhaps I just hadn't paid that much attention. I just always remember the Canadian $ being less than the US $. Of course I was at most only 7 in the 70s and didn't pay much attention.

Post by **Jungledoc** » Wed Jan 19, 2011 9:56 pm

hoosegow wrote:Okay, I concede - perhaps I just hadn't paid that much attention. I just always remember the Canadian $ being less than the US $. Of course I was at most only 7 in the 70s and didn't pay much attention.

Only 7? You child.

Plus, I'm guessing that folks in South Texas don't travel in and out of Canada as casually as folk in Washington and Montana.

hoosegow · Post by **hoosegow** » Wed Jan 19, 2011 10:32 pm

No sir, but we do get a lot of snow birds. I grew up on the Mexico border. When I say on the border, my house was 7 miles from the river. I remember the peso devaluation. Mexico was really not that economically different than South Texas until then. Their debt ski rocketed and their country went down rapidly.

jtw · Post by **jtw** » Thu Jan 20, 2011 11:24 am

Jungledoc wrote: Plus, I'm guessing that folks in South Texas don't travel in and out of Canada as casually as folk in Washington and Montana.

Detroit-Windsor is the busiest US/Canada crossing. It's always a big deal whenever the parity hits or switches, and a strong Canadian dollar seems to benefit our local economy since the Windsorites' dollars go farther in our casinos and other venues. (Canada is actually south of Detroit, so we can't call them our "neighbors to the north.")

A year or two ago the Canadian dollar was worth more than a US dollar for the first time in, well, I don't remember; the two have been hovering closely for a while.

Post by **stuward** » Thu Jan 20, 2011 1:23 pm

The CDN$ tends to go up with the price of oil. Right now we're at historical highs. That's good for us, bad for the US.

wilburburns · Post by **wilburburns** » Thu Jan 20, 2011 1:26 pm

Jungledoc wrote:My wife went to college in the US in the 70s (yeah, she's almost as old as I am) on Canadian student loans. At that time the CA$ was > US$. By the early 80s when we had to start paying back the student loans, it had shifted so that the US$ > CA$. This meant that the economy was effectively paying her interest on the money that she borrowed!

70's, I don't remember the 70's.

didymus · Post by **didymus** » Thu Jan 20, 2011 7:51 pm

wilburburns wrote:70's, I don't remember the 70's.

Isn't that like 12 years ago?

Let me in, it's Dave...
Dave's not here, man!

Post by **Jungledoc** » Fri Jan 21, 2011 2:04 am

didymus wrote:
wilburburns wrote:70's, I don't remember the 70's.

Isn't that like 12 years ago?

Let me in, it's Dave...
Dave's not here, man!

Yeah, about that. But a lot changed in that 12 years, and not just the currencies. <sigh>

RobertB · Post by **RobertB** » Thu Feb 24, 2011 7:38 am

When I first started travelling to Amsterdam about 8 years ago (as a keen Tulip grower.....) we had flights for [1 million dollars]-25 return, not exaggerating, it included taxes/fees/you name it (though we probably just had hand luggage) - we also had around 1.6/1.7 euros for a [1 million dollars].

So technically we could go to amsterdam for the same price as getting a taxi into town (12 miles away aprox) and even the tourist exploiting prices the.... tulips... cost the same as home, a nice hostel was [1 million dollars] a night, couple of years we went four times because we could do it for [1 million dollars]

These days its more like [1 million dollars]-120 for return flight and *googles* [1 million dollars] = 1.17 euros. last trip cost [1 million dollars].

Glory days are over! enjoyed the mental banking power while it lasted, suppose we have to come down to earth now :)