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Kracka
10-02-2007, 03:19 PM
I'm sure most of you don't care, but its kind of a big deal to those of us in the financial industry...

The Canadian dollar is now worth more than the US dollar (US$1.002004 at month-end to be exact). About 3 1/2 years ago the Canadian dollar was only worth about $.66 US.
TkrPerformance
10-02-2007, 03:24 PM
we now suck
it use to be good to go to canada to buy stuff sence it was cheap
MustGoFaster
10-02-2007, 03:25 PM
Interesting, and sucks for us.
turbotalon1g
10-02-2007, 03:32 PM
US falling, falling......
TheBlizzard
10-02-2007, 03:34 PM
Damn thats crazy. I would never have thought it would ever happen.
Speedfreak
10-02-2007, 03:53 PM
This seems to be the case with the U.S. Dollar vs. most foreign currencies right? Meaning most other large countries/currencies are getting stronger and stronger vs. the U.S. Dollar. However, countries like China and India are trying to artificially keep the exchange rates where they are to keep their marketability to the world. It is most definitely a world market now, and the U.S. is no longer the leader.
dylan
10-02-2007, 03:57 PM
If we were not in a few different unnecessary wars things would probably be different.
Andrew7dg
10-02-2007, 04:25 PM
I should have put money into the Canadian dollar but who would have thought of it. Whats going on in the US to make the American dollar value lower?

This also happened with the euro a while ago

But Canada!?...
SLOW_V
10-02-2007, 04:34 PM
euro is where is at..
FattyBoomBatty
10-02-2007, 06:11 PM
Speedfreak - the us economy is still the largest in the world, our GDP is quite high, despite the obvious problems. It looks like the EU is second, but that encompasses several countries so that's cheating, lol. China is headed right for number one though. So, if you are thinking about speculating on money, buy the Chinese Yuan. It's value is rising right now (it's a little over 7 to $1US).