How about that Canadian dollar?

The Canadian dollar is near 3 cents above the U.S. meaning, that's right everybody, for every $1000 Canadian dollars you can buy $1030 U.S. worth of stuff in america.


Luckily I live near the U.S. border, Ima going shopping.

Analysts have been saying like months ago the Canadian loonie can end the year, or start early next year, up to $1.10 U.S.

HAHA

At that time $10,000 Can will be worth $11,000 U.S.

Mmmmmmmmm, so wow, my air travel costs have just gone down...amazing.

So for my trip to Iceland instead of paying $680 for two way from Halifax I can just pay $510 from Boston...two way.

I would be saving what? ......uh.......$187!!!!! That's awesome, I can spend that money on MORE ALCOHOL!!! And expensive cigars....REALLY expensive cigars. Life is good.

 

Oh I forgot to mention, it was only 5 1/2 years ago that the Canadian dollar was sitting at an all time low, back in 2002 it was as low as 61 cents.


Yeah.

What I'm going to do is buy a pile of U.S. currency and in 8 or so years the canadian dollar will unquestionably drop to around 70 cents, or maybe even less.

Now if I was to buy say $10,000 U.S. when the Canadian dollar is up at $1.10

Then trade back when the Canadian dollar is 70 cents, that's 40 cents on each BUCK!

40% payback!!!! Or better yet, if the Canadian dollar was to plummet to 60 cents, 50% payout!!!!


Ooooooooo, I'm looking forward to that.

 

I read this thread a little while ago and was hesitant to post.

It seems that major consumer groups in Canada have picked up our plight! And questioning why prices have not fallen a little.

Of course, we know that the price of retailing in Canada is much higher than in the States because of lower population density and idiotic taxation. So we never began to hold our breath.