Canadian Dollar
 

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.

Re: Canadian Dollar
 

we now suck
it use to be good to go to canada to buy stuff sence it was cheap

Re: Canadian Dollar
 

Interesting, and sucks for us.

Re: Canadian Dollar
 

US falling, falling......

Re: Canadian Dollar
 

Damn thats crazy. I would never have thought it would ever happen.

Re: Canadian Dollar
 

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.

Re: Canadian Dollar
 

If we were not in a few different unnecessary wars things would probably be different.

Re: Canadian Dollar
 

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!?...

Re: Canadian Dollar
 

euro is where is at..

Re: Canadian Dollar
 

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).

Re: Canadian Dollar
 

Anyone who wants to see how currencies compare to others...

http://www.xe.com/

Re: Canadian Dollar
 

What isn't happening over here. First like someone else mentioned, we are spending billions fighting wars in other corners of the world for no apparent reason.

Second, our countries infrastructure is now at the point where it needs a major overhaul, and the is no money being devoted to it. Bridge collapses and major pipeline bursts(like NY or NJ forget which)are inevitable.

Third, the housing market is correcting after the bubble that was created by everyone putting their money into "tangible" items like land or real estate. The real estate bubble was created after the stock market/tech bubble busted in '01.

According to Greenspan, the interest rate cut recently was not the first, and the U.S. economy is just beginning it's slide. We have a solid chance of going straight toward a recession.

This country has three major industries. Auto, Health care, and war. The auto industry is failing, and will never have the market share they once had(in the U.S. or worldwide). Health care is in shambles and is going to take years to fix. So thats where war comes in, the govt knows war is good for economy so they just have one more reason to create wars which in turn create jobs in the U.S.. It is not a long term solution, but thats all they have to work with.

Of course this is a very basic overview of what is going on, but this country has issues. Like all empires, they all peak sometime, I believe we peaked in '01. Now we just have to see where we settle in, or if it just continues to decline.

Yeah, I know we still lead in that sense. But I was talking about the financial markets. What happened here in the U.S. used to have a much larger impact on the other major financial markets of the world, not so much anymore.

Re: Canadian Dollar
 

3 words, and this isnt the MAIN cause, but its a MAJOR no end in sight contributor


war in iraq

Re: Canadian Dollar
 

When my buddy in Canada saw that he went on a little shopping spree on American eBay... got himself a sweet ass deal on a PTE SCM3484 or some shit with a tubular manifold. I'm pumped about it because when he puts it on this summer hes going to want to sell his Evo III 16g and wont mind letting it go for cheap seeing as how he got his new one for so cheap and I am first in line :).

Re: Canadian Dollar
 

In economics 101...

What is fueling Canada's currency? they don't have auto or medical...
well actually last time i checked my parents Buick had a made in Canada sticker on it...
He was giving me greif about how my car is an import and his is American
However I showed him the made in USA sticker on mine..

Is Canada holding its own and it is just the American dollar going down?

Yeah America doesn't have too many industries anymore. The closed even the Ford ranger plant.

Re: Canadian Dollar
 

We have the Nuke industry ;)

Re: Canadian Dollar
 

If you don't know what you are talking about, it is best not to speak. War actually makes the economy better. There is more money being spent in the US because of the war. Ever wonder how we got out of the Great Depression? WWII did it.

There are a ton of things wrong in the US right now. We have a ton of foreign ownership that is pulling out, that is money that was here, that is now leaving. The housing industry is the other huge one. With the global economy coming around the US is never going to be like it was. This is just the beginning, although don't expect it to go downhill as quickly as this dip in the road.

Re: Canadian Dollar
 

Come on guys, there won't be a huge recession or any kind of depression, that's why they invented the federal reserve. It has several ways to control that sort of downward trend and cutting the interest rates is just one.

Speedfreak - the US is the world's number one producer of capital goods, that means machines like farm equipment, etc. The auto industry is extremely reluctant to completely restructure, which I think is what they desperately need to do. It's a world market and to sit on your hands and ask for handouts from the government (auto industry) is masturbation.

I am not worried that the US will become less of a power than it is, I am not worried that the dollar will suffer from much inflation because there are people who are smarter than god working for the government, they're just the ones you never see. :) There'll be a turnaround, but don't miss the bus when it rolls by!

Re: Canadian Dollar
 

What do you mean they don't have auto or medical? they have auto manufacturing plants, they export parts to the US for auto manufacturers here. They have national health coverage, so you don't pay jack when you see the doctor, you just have a little more tax taken out.

here: http://www.economist.com/countries/Canada/

Exports and public finances. Most countries in the world will reflect how their economy is doing by the savings rate of it's citizens. How much of your last paycheck did you put into savings?

Re: Canadian Dollar
 

The last time I put anything in savings was 6 months ago when I cashed in a bunch of change, and that's gone already.

Re: Canadian Dollar
 

Oursorcing intelectual jobs from USA to other countries.

US$ being spent outside USA which used to be spend here for decades.

High job loss rate in USA while rest of the world shows shortage of qualified workers to fill all the positions open.

Why make USA richer when you can make few filthy rich executives even more filthy rich.
That is just ONE of quite a few problems causing issues in this country.



Now on the heavy industry:
since 80's USA has been sending the dirty manufacturing jobs to other countries, raising industry profits, and raising the profitability of other countries up making it a global economy.


Wars:
wars are bad, they tend to help create more jobs but those jobs are being paid from the tax dollars, not a good way of spending 100 billion dollars on something we as a country don't benefit from, true you just put about 10 billion into USA employment but the other 90Billion went into equipment that we didn't really need, to do what, kill people.. now don't even mention resources we wasted to make that 90billion of the equipment.

I supose USA is looking to just get rid of their aging military supplies that have been just sitting there.


Someone mentioned aging infrastructure, holy crap just think about how much it costs to keep a chiuaua fed, and then look at how much it costs to keep a 150 pound lab fed, do i have to say anything else?

Re: Canadian Dollar
 

Please shut the hell up.

The dollar strength is about economics and rising countries not the fact that we feel the need to police the world.

Our failing infrastructure coupled with the fact that we artificially boosted our own economy after 9/11 is what is fucking our dollar globally.
When foreign investors started to worry about our failing housing market is when we REALLY started to drop, but the other countries booming/catching up is also evening the field.

Like it was stated, it is really a global market.

Re: Canadian Dollar
 

Anyone seen what the stock market is up to these days?...

Re: Canadian Dollar
 

If we were not spending hundreds of billions of dollars on various failing wars, we would have more money. Our economy is an issue I am not denying, but you also cannot deny statements I have made. Policing the world is also not the only war I am talking about. The war on drugs is another battle our country needs to redesign. And as far as our economy not being effected by wars? What kind of joke is that?

Re: Canadian Dollar
 

I just saw a headline like yesterday that the dow is up, but I didn't read it, lol. Does that make me a bad business student?

Re: Canadian Dollar
 

And where is the money from the war going? Back into our economy. This money was previously sitting in a slush fund doing nothing. Putting that money into our economy is good, it gives money to businesses, who give it to their workers who spend it on goods. The big part of the problem is many of these goods are now made overseas, so it doesn't stay here as long as it did in the past. A war is basically using tax dollars to supplement the economy, this is obviously just economically speaking. The more the money in the US gets turned over the better, that means not sitting on money in savings, etc.

Re: Canadian Dollar
 

Agreed, Im not even going to argue or make points toward how our economy is doing well. (besides the housing market)

Also yea.. the Dow hit a record Index record high of 14115.51 on monday and closed at a record of 14087.55.

Re: Canadian Dollar
 

JET - I would be that alot of the money you said gets put back into the economy is actually going to building capital goods that can only be used for war, like jet fighters, armour for what-have-you and also fuel.

Also, what slush fund was that?

Re: Canadian Dollar
 

It always will have fluctuations, what will be nice to hear about is that it's been going up for a year. That would give people real hope.

Re: Canadian Dollar
 

Yes, I watch the market everyday. The problem is, this is the money coming out of housing/real estate. It's a see saw effect, money first came out of the stock market(after the bubble bust), then into the tangible/real estate market, now that is busting, and the money is going back into the stock market. The problem is, the stock market is now heavily moved by momentum/speculation/emotions and not fundamentals, so you can't trust it. It bubbled/busted once(recent history), it can and probably will happen again.

Re: Canadian Dollar
 

Capital goods(Farm equipment/heavy machinery) are now coming from outside the U.S.. I know of Korean, Thai, Indian, Chinese, and Malaysian companies taking this industry by storm. It is a world market, we do not "own" any of them any more.

If we are losing market share in all "our" industries, how long is our Federal reserve going to keep us going?

Re: Canadian Dollar
 

We cannot use war to justify stability of our own economy.

And now a group of democrats wants to add a war tax to pay for the war now, instead of making future generations pay for it.

http://weblogs.baltimoresun.com/news...to_make_i.html

Re: Canadian Dollar
 

I worked at a stock firm for 11 years. The stock market is based in about as much reality as Lord of the Rings. A women with PMS is less emotional than the stock market.

Re: Canadian Dollar
 

A very large chunk of all funds spent on war ends up in the pockets of other countries. While working for ATK, who deals a lot with the ammunition side of the government, there was a large isuue in a slowing spending on US based companies by our own government. Even companies like Haliburten (sp?) opened and maximized overseas operations to get more into the mix of goverment funds. Largely due to the cheap transport and labor with the end product already being across the ocean.

Re: Canadian Dollar
 

Yup, Halliburton is now headquartered in Dubai.

Re: Canadian Dollar
 

Damn, how old are you shane?!?! You worked at elite for a couple years, going on a couple at DB, 11 at a stock firm.... That means your TOO FUCKING OLD.

Re: Canadian Dollar
 

John Deere just purchased the largest tractor manufacturer in China. The Deere foundries in Waterloo and Silvis, IL used to carry now a substantial portion of the casting in Deere's agricultural division, now it's mostly done in Mexico and China.

Re: Canadian Dollar
 

Jakey, Do you masturbate to Tractor mags? Somehow i knew you were gonna comment with something that has to do with Agriculture.

Re: Canadian Dollar
 

Unlike you who has nothing intellectual to add to the conversation...

Ooooh, zing! :lol:

Re: Canadian Dollar
 

Nah, I just enjoy agriculture. Somebody has to feed you.