Member of the Month

PartyBullshiit
March, 2024

Online

Welcome to the Newschoolers forums! You may read the forums as a guest, however you must be a registered member to post. Register to become a member today!

Canadian Dollar

profile picture
Steeze420
Posts: 346 - Karma: 31
is worth 78.7 cents...


bahahahahahahahahahahahahahahahaha
Oct 27 2008 2:54PM
0 0
profile picture
FUUUCK
Posts: 18426 - Karma: 4,888
nows the time to sell shit to americans
Oct 27 2008 2:55PM
0 0
profile picture
ferrinski86
Posts: 774 - Karma: 10
yeah that sucks dude. it fell like what $30 in a matter of a week or two, thats really something.
Oct 27 2008 3:00PM
0 0
profile picture
treebeard
Posts: 3590 - Karma: 1,065
shit... couldnt i have waited one more week to book my COC spot?? i would have saved like $150!
Oct 27 2008 3:08PM
0 0
profile picture
NW_Rider
Posts: 2580 - Karma: 314
yeah the world economy is crumbling, except NZ, all invested in alternate energies and such. fuck it dude, lets go shredding.
Oct 27 2008 3:36PM
0 0
profile picture
k-rob
Posts: 14217 - Karma: 2,891
i should just move to europe, make some euro skrilla, come back here, and buy whistler.
Oct 27 2008 3:45PM
0 0
profile picture
Steeze420
Posts: 346 - Karma: 31
haha word.
Oct 27 2008 5:19PM
0 0
profile picture
whattheshit
Posts: 6562 - Karma: 107
there are some positive aspects of a low dollar in relation to the americans.  may not help consumer spending, but it will help or waning export and manufacturing industries.
Oct 27 2008 5:29PM
0 0
profile picture
Canuker
Posts: 4730 - Karma: 165
i dont get whats so funny, the dollar go's up and down everywhere not just canada. remember late last year when the canadian dollar was worth more than the american dollar for quite some time.
Oct 27 2008 5:34PM
0 0
profile picture
seeingstars
Posts: 422 - Karma: 14
well that's the problem

The canadian economy is based heavily on natural resources and raw materials i.e. copper, wood, oil.
The prices of all those are plummeting
Oct 27 2008 5:36PM
0 0
profile picture
whattheshit
Posts: 6562 - Karma: 107
what the fuck are you talking about.  it just means they are going to buy more. the amount that we are going to sell in volume will equalize the new difference of the dollar.  who the fuck wanted to buy our timber at par when they could get it in their own backyard.   now they want our timber because its cheap.
Oct 27 2008 5:56PM
0 0
profile picture
seeingstars
Posts: 422 - Karma: 14
Well, the canadian dollar is dropping because the canadian economy isn't as well diversified as the US economy. The world is entering a pretty deep recession, by definition of a recession, Canada's GDP will drop. So, there will be less volume, not more. So not only are the prices of raw materials/oil lower, they're also being sold at a lower volume. The problem is that Canada is the essentially the only rich country in the world to have escaped the resource curse.
Oct 27 2008 10:18PM
0 0
All times are Eastern (-4)