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Forums - General - The OFFICIAL Canadian dollar thread

stof said:
Sadly, there's almost no chance of that passing. Despite governments getting majority rule with less than 40% of the vote sometimes, the reform requires 60% overall AND over 50% in 64 electoral districts to pass. Just like in BC where the majority voted for reform, but it didn't pass because it didn't meat the arbitrarily high 60%.

It's amazing just how undemocratic an attitude they are taking towards democratic reform.

 http://en.wikipedia.org/wiki/British_Columbia_electoral_reform_referendum%2C_2005#Results

57.69% of the vote is very impressive.  However, their system was never fully explained.  MMP is in use by many nations around the world, and its foundations are widely known.  I fully expect this reform to pass, but if it doesn't life will go on.  If it does though, I can see it spreading its way across the country. 



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Parity!

http://www.bloomberg.com/apps/news?pid=20601087&sid=au2sNyHsCEkI&refer=home

Wow, didn't think it'll happen this fast.



the Wii is an epidemic.

What crazy times we live in.



I'm a mod, come to me if there's mod'n to do. 

Chrizum is the best thing to happen to the internet, Period.

Serves me right for challenging his sales predictions!

Bet with dsisister44: Red Steel 2 will sell 1 million within it's first 365 days of sales.

super_etecoon said:
Do you use paper single dollars too?

No, we use gold-coloured/bronze-plated coin. (I never knew what it was made of.. thanks Wikipedia :))

 

I want to go to the US and shop now. Everything there is cheaper plus with the dollar the same it's like everythings on sale. The Wii is like 280 cad but in american it's like 250usd isn't it? . *wants to cross the board to spend all my money*



Don't do it Shissy! The economy will have enough to overcome with the higher dollar. The last thing we need to do is throw all our money at another Country at the same time!



I'm a mod, come to me if there's mod'n to do. 

Chrizum is the best thing to happen to the internet, Period.

Serves me right for challenging his sales predictions!

Bet with dsisister44: Red Steel 2 will sell 1 million within it's first 365 days of sales.

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Hehe because of the high euro things from USA are very cheap for me :).

@famousringo Oh that is the same with my country with one difference that the French part wants us and the Dutch part want to seperate.






I'm wondering if I should convert my Canadian money into American, but with my luck the Canadian dollar would then rise to 1.20 or more U.S...



Legend11 said:
I'm wondering if I should convert my Canadian money into American, but with my luck the Canadian dollar would then rise to 1.20 or more U.S...

I really wouldn't touch the American Dollar if I was you ...

The American Dollar is the #1 Foreign Reserve currency in the world accounting for (roughly) 66% of all Foreign Reserves; this means that there is more than $4 Trillion sitting in central banks around the world; the reason for this is varied but some countries are trying to keep their currency's value low (China) and others simply have built up a large reserve from keeping their currency pegged (Saudi Arabia). There is a certain risk associated with the American Dollar that central banks around the world may choose to lower their foreign reserves of American Dollars in favour of another currency (potentially the Euro) or that pegged currencies would be forced to float.

Even a small (5% to 10%) shift in foreign holdings of American dollars towards other currencies could cause a snowball effect which would either cause a devaluation of the American Dollar at a rapid rate or force the Fed to raise interest rates to a punishingly high level; essentially give the fed the choice of bad inflation or bad deflation.

This is certainly not what I expect to happen, but it is an unacceptable risk at the moment; over the next 2 months the future will become clearer ... If statistics come out for the American economy that indicate a slow down and the fed either lowers rates or hints that they're going to lower rates I would (personally) be very (VERY) afraid if I owned anything valued in American Dollars.



Legend11 said:
I'm wondering if I should convert my Canadian money into American, but with my luck the Canadian dollar would then rise to 1.20 or more U.S...

 HappySqurriel's advice seems very sound from an investment standpoint, but if you're looking at buying US dollars for consumer reasons, it's a pretty good idea. A car that costs $30k up here costs $20k down there, you just have to jump through a few hoops to make the purchase. Some prices will adjust to reflect the new exchange rate, but it will take a while, and some goods in Canada will probably always cost more than they ought to out of pure inertia.

 Internet shopping is a good way to not get hosed. I hear you can buy things from Amazon in USD and they'll get shipped to you from a Canadian warehouse anyway.



"The worst part about these reviews is they are [subjective]--and their scores often depend on how drunk you got the media at a Street Fighter event."  — Mona Hamilton, Capcom Senior VP of Marketing
*Image indefinitely borrowed from BrainBoxLtd without his consent.

with a 0.25 rate cut from the Fed now a reality, the Canadian dollar currently trades at 1.057, up about 7/10th of a cent. should almost certainly close above 1.05 for the first time since 1957.

with a 5% buffer, one can now comfortably say the Canadian dollar is worth more than the US dollar!

in related news, Canadian economy grew 0.2% in August, average-ish.

hopefully the rapid rise in CAD doesn't hurt small businesses too much.



the Wii is an epidemic.