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Canadian dollar hits parity with greenback: report

ctv.ca — The Canadian dollar reached parity Thursday morning with the U.S. currency for the first time in 31 years.

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  • Bigflexy, on 10/10/2007, -9/+281Loonie FTW!
    • MacSuxWindozSux, on 10/10/2007, -5/+78Quick everyone get to eBay!

      (Oh and before Bush, .64 USD = 1 CAD)
      • IEatHamburgers, on 10/10/2007, -1/+20Why must America fail at everything we do lately? It's like our country just doesn't give a damn anymore.
        • Zeonix, on 10/10/2007, -4/+3You obviously have no understanding of economics.
        • allan17, on 10/10/2007, -1/+5Please enlighten us Zeonix.
          • ButterBuddha, on 10/10/2007, -7/+3It's no accident, pretty soon, Euro = US Dollar = Canadian Dollar......One World currency, One World Government....
          • drgmdp, on 10/10/2007, -0/+9are you saying that euro price will fall to reach CAD and USD value? hahaha...
          • firebhaal, on 10/10/2007, -0/+2time to turn off zeitgeist ButterBuddah
    • MonarchWastxD, on 10/10/2007, -21/+7Lol pwned! The Euro and Pound have also reached decade highs (pound 26 year, euro - highest ever) source: BBC Sounds like a good time for the word...
    • MonarchWastxD, on 10/10/2007, -28/+2Lol pwned! The Euro and Pound have also reached decade highs (pound 26 year, euro - highest ever) source: BBC Sounds like a good time for the word...
    • Seidoger, on 10/10/2007, -1/+58Canadians, let's road trip!
      • TrevorBradley, on 10/10/2007, -2/+48I've got my passport... Europe, here we come!

        (Wait, you couldn't have possibly meant going to the US? That place is scary!)

        • dinostabOMG, on 10/10/2007, -1/+10Um, are you planning to drive to Europe?
        • Sonizel, on 10/10/2007, -1/+4of course by driving through the northwest passage! lol
    • ufia, on 10/10/2007, -0/+15Just the other day I tried to pay with a $2 coin at Taco Bell...
      • zen6ox, on 10/10/2007, -2/+17$2 coin = Toonie
        • DontEatTheFish, on 10/10/2007, -25/+1twoonie?(two = 2
          too !=(does not equal) 2)
          • Seifey, on 10/10/2007, -0/+11Don't send this guy as a diplomatic representative.
        • frsrblch, on 10/10/2007, -0/+12It's Toonie, a combination between two and loonie.
          • janetaSiri, on 10/10/2007, -0/+4Donteatthefish, You have a good point, I'll call the Parliament and tell them that we've had it wrong all these years ;)
    • Ford_Prefect2nd, on 10/10/2007, -2/+22Though the win is a loss, Canada relies on exports, we are a resource rich nation... exports are hurt (as the dollar is still a dollar domestically of course) by a rising dollar, as the relative cost of items increases... Especially with the US dollar dropping, the US of course being our largest trading partner and vise versa. Why would the Yanks by Canadian, when the US product is the same price?
      • pp7k, on 10/10/2007, -3/+10Resources such as, say, oil? Seen the price of that lately? Offsets exchange nicely, thank you.
        • kagetemplar, on 10/10/2007, -0/+17mostly softwood, grains and ores. oil is just Aberta really...

          tariffs don't help either.
      • brjndr, on 10/10/2007, -1/+18"Why would the Yanks by Canadian, when the US product is the same price?"

        Our maple syrup just isn't as good.
    • Rikushix, on 10/10/2007, -0/+29I distinctly remmeber being eight years old and on the BC ferries, if anyone from there knows them, and in the arcade that's so identifiable with kids who've ever been on them. I remember one kid in the arcade pressing the start button over and over again, and I said to him helpfully "I think it costs a loonie." He looks at me and says "What the heck is a loonie?"

      "You're american, right?"
      "How'd you know?"
      • Valleye, on 10/10/2007, -1/+21I miss the days when a video game cost a quarter.
      • TrevorBradley, on 10/10/2007, -1/+8I sunk so many quarters on BC Ferries arcades in the 80's.....
      • max420, on 10/10/2007, -1/+2I dont' even know how much money I spent on those ferries playing video games as a kid. Good times.
      • Salomas, on 10/10/2007, -0/+0I missed the arcades most when they replaces the PEI ferries with the bridge.
        • mattcoady, on 10/10/2007, -0/+1I always hoped we'd show up when the abby was boarding because it had the best arcade :P
    • Rikushix, on 10/10/2007, -1/+26Canada* FTW.
      • thcobbs, on 10/10/2007, -7/+17Be careful, You're an oil rich nation that's close to the USA and now has a stronger monetary denomination.........


        Looks like its time for a rousing round of "BLAME Canada!"
      • Vindexus, on 10/10/2007, -0/+7I wonder what the footnote for "Canada" is.
      • allan17, on 10/10/2007, -1/+4The US has no reason to invade us, we give them all our oil anyway.
      • CanadaMan87, on 10/10/2007, -0/+6*Batteries not included
      • Identity4, on 10/10/2007, -6/+13*"Canada" is a registered trademark of The United States of America.
    • rhabd0mancer, on 10/10/2007, -2/+17Ah! Once again, the conservative, Molson-heavy portfolio pays off for the thirsty investor!
      • dBLiSS, on 10/10/2007, -0/+7My only regret is, I had boneitis....
      • JeffD, on 10/10/2007, -2/+5I hope you just invested in Molson and diddn't actually drink the stuff *shudder*
    • Konstantino, on 10/10/2007, -2/+7...And NOW we're equal with the US. (I claimed it last time, but apparently I'm not too good with Math).
    • fixedcoma, on 10/10/2007, -3/+4who wants to be stuck with a deflating dollar! That's another reason we invaded Iraq ! Cause old Saddam was going to trade his U.S. bills for euros and that would have really brought the dollar down, but we caused it to crash anyway!
  • superfusion, on 10/10/2007, -5/+113How many American Pesos for that loone? JK It's a culture shock for Canadians to know that the money in their wallet can buy the goods for sale on U.S. TV with no "adjustment".

    For 30 years, stuff like a $99 blender was always really $137 or something. Now, it's $99 (plus 14%!).
    • Scienceisfun, on 10/10/2007, -2/+39Only 6% if you live in Alberta!
      • Light11, on 10/10/2007, -30/+10alberta can lick my sack
      • MikeCampo, on 10/10/2007, -15/+10Even without your provincial tax, your cost of living is still very high. Enjoy!
        • rprouse, on 10/10/2007, -1/+15Can you point out where you have seen that our cost of living is so high? Toronto has about the highest cost of living in Canada and it is below most major US cities (except Houston) and is 82.6% that of New York. Cost of living in Rural areas is extremely low and most of our citizens don't live in trailers. http://www.2ontario.com/welcome/coca_701.asp

          Canada has also always ranked higher than the US on the United Nation's Quality of Life survey. http://www.infoplease.com/ipa/A0778562.htmlhttp:/w ...

          So, would you care to back up your statement?
          • MikeCampo, on 10/10/2007, -1/+3Sorry I haven't actually done research for real numbers and stats (and I know that sounds very weak), I'm just going by what many people have told me. I haven't met anyone from a big Albertan city that didn't bitch about how they make x number of dollars, but still just get by. The cost of housing is ridiculous too.

            Why are you telling me that Canada ranks higher than the US? I'm not American :P I live in southern Ontario and I'm really loving the high gas prices.
        • Scienceisfun, on 10/10/2007, -0/+2I think he may have been comparing Alberta cost of living to the other provinces. Edmonton and Calgary are getting pricier and pricier, though I'm certain it's worse in places like Vancouver and Toronto. I don't think the cost of living is unreasonably high in Alberta whatsoever, but I certainly wouldn't argue if someone claimed that housing in particular were cheaper elsewhere.
        • Salomas, on 10/10/2007, -1/+7The price you pay for living in Alberta is that you have to put up with all the Albertans.
      • dBLiSS, on 10/10/2007, -5/+214%, you must be a Newfie!
      • BESTenemy, on 10/10/2007, -0/+6Those that have oil make the rules. Canada exports oil to the US. US looses control of Iranian oil trade, US dollar falls, Canadian dollar soars. Even within Canada, the costs are largely related to where the oil is. Alberta has the oil, so it offers better prices for those that live work and shop there. As oil becomes more expensive, the tar-sand oil extraction is going to become a more economically viable option and Alberta will hit another black gold mine.

        Canada does rely on the US for trade, but it has more freedom as it does not have sanctions against those that US considers enemies. Canada has no Cuban embargo. Canada does not rely on the petrodollar for its debt exports. It does have fractional reserve banking, but it keeps the debts internal, more or less. Its economy is more self-sustained. However it lacks a backbone. It chose not to invest into military and has left itself at the mercy of the US for the defense, assuming US would never be the one to present a threat. Economic disadvantage is one step from becoming a political stimulus for developing other sorts of conflicts.

        I'm curious to see how the currency games are going to translate into political tensions between our 2 counties. Mad cow, softwood lumber? What's next?
        • boombye, on 10/10/2007, -0/+1We'll start by banning Kids In The Hall re-runs....I love that show.
    • kiroh, on 10/10/2007, -2/+7As long as those goods don't come with a duty charge... I'm sure the government won't give up a tax grab that easily!
      • superfusion, on 10/10/2007, -1/+2NAFTA?
        • DontEatTheFish, on 10/10/2007, -0/+1'nother afternoon ***** of that ass?(dont think i made it up, one of the US pesidents said it in family guy.. clinton was it?)
        • Sketchcast, on 10/10/2007, -0/+8Americans have no respect for NAFTA, illegal tariffs are the name of your ***** game.
    • misteral, on 10/10/2007, -3/+12Er... hate to burst your bubble but it'll take a while for prices to change. For one, manufacturers are greedy. Two, they already paid for that blender in non-parity dollars, expect to be paying 137 for a while.

      But really... how many blenders do you need?
      • praisethelard, on 06/06/2008, -0/+18Well, if it's a Blendtec, only one.
      • superfusion, on 10/10/2007, -0/+7Let's just say, I need a lot of blenders. Like, a lot!
      • manitoba98xp, on 10/10/2007, -0/+4For example (this is Digg, after all), I've found that, despite relative parity in currency, we Canadians usually have to pay about 8% premium on Apple products. I hear it's worse on the other side of the pond, though.
        • mlostracco, on 10/10/2007, -0/+1Yeah, but we Canadians pay less for music on iTunes, for one thing. Except for today.
      • Wacer, on 10/10/2007, -0/+1Some retail places might not take that long. There are a lot of stored in my town that take Canadian money at par when it gets a couple of points near par. They are willing to eat a few points off their profit just to get people in the door.
    • T3rry, on 10/10/2007, -1/+9It'd be nice if it were that way, but it's not, manufacturers/retailers still gouge like mad on "exchange" fees... for example an xbox 360 core in the USA retails for $250, where as in Canada it retails for $300, the dollar would have had to be at .8333333333 for that to be a legit exchange, and it hasn't been at that rate since November 2005
      • nezroy, on 10/10/2007, -0/+2While some of it is no doubt profit taking in the most general sense, there are realistically higher costs associated with providing goods in Canada, regardless of the exchange rate. When you offload a crate of Xbox 360s in New York from China or wherever they get built these days, and only 5% of those are headed north of the border, expect to pay a bit of a premium. We're effectively talking about bulk discounts applied as a whole to the US mainland that we just won't see up here.
        • Scienceisfun, on 10/10/2007, -1/+5That argument doesn't hold a lot of water for me -- transporting an XBox from New York to Toronto couldn't possibly cost more than transporting one to Denver.
        • j1ggy, on 10/10/2007, -0/+1What makes you think an XBox goes to the US before it makes it to Canada? It is a lot more economically viable to ship directly to Canada's Microsoft subsidiary, and this goes for many other products. Just because a product may be in both countries doesn't mean it comes from the US. Most products are either locally produced or shipped directly from the manufacturer. And as for price differences, this has already been made perfectly clear to anyone who has bothered to look it up; prices are forecasted usually 2 years in advance. They don't magically change when the dollar gets stronger, this takes time. Prices will drop.
    • Valleye, on 10/10/2007, -0/+6Dollar menus FTW!
  • Bigg3h, on 10/10/2007, -2/+136Don't mind paying the taxes, do mind paying more for goods then we really should.
    Have you seen the discrepancy in car prices it's almost criminal. Take the Toyota Prius it's ~22K US v. ~29K CDN, that is simply exceptionable price gouging by an automaker.
    • stinkypyper, on 10/10/2007, -2/+12A friend of mine who is a car dealer told me the other day that if your buying a car in Canada your getting ripped off. He said, if you drive to the States(Buffalo, gross!), buy a car, flat bed it here, and have it converted to our emissions standards, that you will still save a ***** load of money, even with duties and taxes(he told me there are ways to minimize this). He thinks anyone who buys a car off his lot(Toyota) is insane because they could get a way better deal in the states thanks to the dollar.
      • WiZZLa, on 10/10/2007, -1/+18Toyota's for example are already fine for Canada's emissions standards; in fact, all they do is convert MPG to KM/L for most vehicles. Camry's, Corolla's and many other Toyota's are made in the USA (VIN starts with 1-5), so you won't even pay duty on it (NAFTA), the only thing you may have to change are the DRLs, which is a switch away in some cases (bumpers, child tethers, speedometre in miles & km is fine). Also, you can't "minimize" taxes, as you pay GST when you get to the border, and PST when you register it with the province.

        http://www.riv.ca for the complete vehicle admissible list, http://www.importcartocanada.info/ for a good guide, http://www.redflagdeals.com/forums/showthread.php? ... for a great thread.
        • T3rry, on 10/10/2007, -0/+1thanks a LOT for that second link, it makes things sound so simple... i am not tempted to acquire a new car and conveniently, my bother owns a tow truck :P
      • ChzPlz, on 10/10/2007, -0/+5You're right - unfortunately some manufacturers won't let their Canadian dealers cover warrantee repairs for cars sold in the US... So you're stuck going back to buffalo if you run into problems.
    • cygnus2112, on 10/10/2007, -1/+2You'll have to pay GST and PST, the RIV fee of 225, recall clearance 20, and any modifications. That's about it. Be prepared though to deal with US border patrol though, some can be nice.. others can be downright pricks. If you're an American citizen, it might become a little trickier since you have to wait for exporting and they require the vehicle stay stateside for x number of days in that case. It may be smart to have someone take the ride with you in case you have to park the vehicle at the border.
      • Rikkochet, on 10/10/2007, -1/+6If you're bringing the car back into Canada that's actually Canada Customs you're dealing with.
        • 808kick, on 10/10/2007, -1/+1Canadian Customs is way worse
        • nezroy, on 10/10/2007, -0/+0Actually you have to clear it with US customs first. They have to clear the vehicle for export before Canadian customs gets to work on the import side of things. And yes, US customs can be downright asinine on this, but of course, I'm sure that's true of all border agents around the world.
        • echinda, on 10/10/2007, -0/+2And make sure you get the US customs export stamp before the vehicle ever leaves the US. I drove across the border, discovered I needed the stamp, turned around and drove back across the border and went into the US customs booth and was threatened with a $500 fine for illegally exporting my car - even though it had been outside the country for maybe 30 minutes and I turned right around and drove back without filling out any Canadian import forms. It seems that merely driving across the border with the "intent" to export when you don't have export clearance is enough to get you fined. I talked my way out of the fine, but that was only because there was a shift change and the second guy wasn't as hardcore.
    • Jargonaut06, on 10/10/2007, -7/+7On the plus side, you don't have to be embarrassed by your president like we do. :(
      • justice7, on 10/10/2007, -1/+15ya, considering we don't have a president :) (Canada)
      • Veni_Vidi_Vici, on 10/10/2007, -1/+1@justice7
        You're pretty lucky then.
    • HiFi613, on 10/10/2007, -0/+4I've heard on CDN news that GM and Toyota will not sell their US cars to Canadians in order to protect their interests.

      Any truth there?
      • cramd, on 10/10/2007, -0/+3That is correct. And here in BC if you have an "American" car they can/will refuse warranty work, saying that as the car is covered with an American warranty it must be done in the states. Also if you do bring your US purchased car in to your local Canadian dealer for service don't expect a service loaner or any extra help.
        • calculoid, on 10/10/2007, -0/+4Sounds like yet another BC union pushing some sort of solidarity thing; big surprise...
    • mrbeagle, on 10/10/2007, -0/+1***** Toyota, buy used.
    • jimmiss, on 10/10/2007, -0/+2It's because our Auto Workers unions are very powerful.
    • geoken, on 10/10/2007, -0/+4Here are a few others.

      STI: $49k in Canada, $33.5k in the US
      S2000: $50.5k in Canada, $34.2k in the US
  • Shuk, on 10/10/2007, -3/+79Bigg3h is right. Companies need to fix their prices fast, before the loonie is more powerful than US dollar. I'm pissed about paying 60 bucks versus 50 bucks for a new video game. Imagine if I wanted to buy a car! Now is the time to start using ebay!
    • TritonX, on 10/10/2007, -11/+5You are still going to pay 60$, it's the american dollar that is sinking, so the prices over there are going to rise.
      • simoncoul, on 10/10/2007, -2/+10Ur stupid.
        • TritonX, on 10/10/2007, -3/+1Maybe, but prices are still going to soar in the states.
          • TritonX, on 10/10/2007, -0/+1Digging me down wont change anything ;P
    • 4j4x, on 10/10/2007, -0/+2216Gb iPod Touch in the US is $399. In Canada it's $449, yet the currencies are on par. Thousands of other examples!
    • ellisonch, on 10/10/2007, -2/+4It's not companies' fault that the dollar is losing value. It is simply an effect of printing too much currency.
      • EntangledPhysx, on 10/10/2007, -0/+3too many loans isn't it? isnt that what is also causing the housing market to crash? I'm not sure!
        • JeffD, on 10/10/2007, -0/+2Essentially too may loans to too many people who cant afford to pay them back.
  • stinkypyper, on 10/10/2007, -23/+220I am happy for Canada and sad for the United States.

    America, why do you continue to let uneducated, creationist, hillbillies vote in ex-cocaine using, ex-alcoholic, Vietnam circumventing, company ruining, old money having, vote rigging, retarded presidents? This guy has gone way past impeachment, he needs to be executed. You can't even list the sheer level of corruption of Bush, his family, and all his friends. Make a list, start with Daddy heading the CIA and work your way up till now. It's disgusting. Do people actually critically think about who they vote for, or do they just believe what the television tells them?
    • blorc, on 10/10/2007, -32/+11coughRONPAULcough
      • LordByr0n, on 10/10/2007, -6/+7Here have some 'vote-for-ron-paul-caugh-syrup'
      • djSyndrome, on 10/10/2007, -4/+6You may want to get that cough checked out.
    • Sithlrd, on 10/10/2007, -1/+59Diebold votes for us.
    • Loki, on 10/10/2007, -9/+35for clarity....you are actually calling for the execution of a US president?
      • Waiting2awake, on 10/10/2007, -4/+37Turn about is fair play. He doesn't stop for a second to think about the people he is executing.
      • TheCosmicFool, on 10/10/2007, -2/+27He cant answer you, hes already been sent to Guantanamo care of GW
      • tehnico, on 10/10/2007, -2/+23Hmmm, execution yes, after a fair and speedy trial, should he be found guilty of a crime where the punishment would suit, then yes, execution would be fair and legal. I think you are thinking assassination. But, that would be wrong.
        • Sketchcast, on 10/10/2007, -0/+12Is treason not punishable by death anymore?
        • jacquesm, on 10/10/2007, -0/+12I guess that depends on who gets to define treason these days...
        • thebellmaster1x, on 10/10/2007, -0/+1Ah, but that's the best part--the Framers saw fit to define treason for us.
          All we need to do is find two witnesses, and I don't think that'll be difficult.
      • oderdigg, on 10/10/2007, -2/+28I have a better idea.

        Let the US taxpayers claim that GWB is a enemy non-combatant and have him serve time in Guantanamo Bay. 10-15 years should be suffice.
      • DiggMasterJ, on 10/10/2007, -1/+3They have the legal system loced up. Not to mention the media in thier pocket. The only way Bush will see justice is if someone with a gun shoots him in the head.
    • tehnico, on 10/10/2007, -1/+13Whut thu TV say.
    • anewname, on 10/10/2007, -2/+36B-but... the gays and the abortions!
    • miketrin, on 10/10/2007, -26/+4the problem is that most americans don't know how to be critical thinkers.

      your little dig on creationist is amusing. i assume your an evolutionist. sad.
      • oderdigg, on 10/10/2007, -1/+25Do tell. What is sad about being an evolutionist?
        • djSyndrome, on 10/10/2007, -17/+3Being ignorant of millions of man-hours worth of science.
          • wageslaven, on 10/10/2007, -0/+7Oh, please, tell us what evidence would contradict the Theory of Evolution?
          • jeremymccurdy, on 10/10/2007, -0/+5If by science, you mean fairy tales about some cosmic father figure who'll bitch slap you into hell if you misbehave, then yes.
        • pp7k, on 10/10/2007, -2/+6TROLL! Ignore this one folks.

          Thanks for illustrating the point miketrin.
      • Seidoger, on 10/10/2007, -1/+1Milk makes bones strong!
      • pkonink, on 10/10/2007, -1/+8Given that they attempt to force laws into existence for the their personal religious benefit, I'd say that there is something wrong with being a creationist. Not the religious belief in Old Testament creation, but the creationists themselves are an abomination. At least the evolutionists are more reasonable.

        Here's a question for you: What would people say if "evolutionists" began demanding that evolution be given "equal time" in classes about religion? When a teacher gives a lecture about the creation stories of various religions, or hell even if the class is specifically about Christianity, how would people feel if that teacher had to also then teach the class about Charles Darwin, et al? It's just as absurd as saying religious stories should be taught in a class about science.
    • EelfinnTy, on 10/10/2007, -0/+12I think the main problem is out "federal" banking system. They were worried about inflation but they still dropped the interest rate .5%.
    • Nozferatu, on 10/10/2007, -3/+13BECAUSE AMERICANS DON'T CARE ABOUT AMERICA....THEY CARE ABOUT MONEY.
    • DoSSiN, on 10/10/2007, -0/+9$45.0 billion proposal to spend on the wrong country, forever. $56.0 billion education cut from 2005 to 2006. America undermining our youth and reinforcing our enemies since 1959.
    • hiphoc, on 10/10/2007, -4/+10If americans cared about money they would shut down the ***** FED. Since the fed has been in power our money has been devalued 99%. ***** robbery, they have taken our wealth and given us green pieces of ***** papaer. And my fellow jackass american knows more about Britney Spears than the fact that Bernanke and Greenspan are the ones killing the dollar.
      • pkonink, on 10/10/2007, -2/+5If Americans cared about money we would not be spending ourselves into disaster. If Americans cared about money we would invest in America, and not China. If Americans cared about money they would not care about money - they would care about wealth, which is not always measured in dollars.

        BTW, you know how to spell "*****." I'm sure everyone is very proud of you.
        • allan17, on 10/10/2007, -0/+2I agree with all your points, but why does digg need to be PG rated?
          • pkonink, on 10/10/2007, -0/+1I wasn't implying that Digg should be PG, just that ***** this and ***** that does not make one look intelligent or credible - in fact it has the opposite effect.
      • Yogitw, on 10/10/2007, -3/+5The fed has been necessary since we went off the gold standard.
        • allan17, on 10/10/2007, -0/+3Maybe we should go back to the gold standard then.
      • wageslaven, on 10/10/2007, -0/+7Every nation* on the planet uses a fiat currency. STOP BLAMING THE FIAT CURRENCY! Its the fiscal POLICY and legislation, not the goddamn lack of a gold standard! FFS!

        *Is there any who dont? Every "successful" nation uses fiat, dont know about every Pacific Island nation..
    • altinnovation, on 10/10/2007, -0/+4Because there are a lot of rednecks in USA, which is why Bush was voted in the first place
      • sniperhare, on 10/10/2007, -0/+0No, he was elected because he was the best choice.
    • Hananda, on 10/10/2007, -0/+12Hillbilly? He was born and raised in Connecticut. He just does the Texan shtick to get the Texan vote.
      • Hananda, on 10/10/2007, -0/+1Oh... I misread, sorry about that.
      • Sketchcast, on 10/10/2007, -0/+2He was commenting on the voters. We all know Bush is a dimestore cowboy.
    • iamfatness, on 10/10/2007, -10/+0hillbillies vote in ex-cocaine using, ex-alcoholic, Vietnam circumventing, company ruining, old money having, vote rigging, retarded presidents...Is he talking about Clinton???
      • echinda, on 10/10/2007, -0/+4Clinton had no old money.
      • allan17, on 10/10/2007, -0/+1Clinton was the great for the US. He took the them out of debt and created a surplus. I was sad to see him go over something as trival as a ***** blowjob.
        • Hananda, on 10/10/2007, -0/+1He didn't. He served his full two terms.
    • badarabdad, on 10/10/2007, -0/+2no one else will take these idiots. too much land, too little intelligence. i've been calling for an election pop quiz for a while now. a voter's vote is weighed based on how well they do on a T/F current events quiz. If some dumbfeck thinks we found WMDs in Iraq, their vote should means less. we all live in reality, whether we're willing to admit it, and we should vote in it too.
  • megadan76, on 10/10/2007, -0/+23I can't wait to go on a huge eBay spree.
    Now if only eBay and Paypal would fix their adjustment rates for the two currencies.
    • Seidoger, on 10/10/2007, -1/+8And UPS would die with their customs brokerage fees
      • DeFex, on 10/10/2007, -0/+1UPS will allways rip you off because they make money on their "in house brokerage"
        i will often ask people if they are using UPS and say "well i would have bought that if you sent it ANY OTHER WAY" and they often will
    • phreak22, on 10/10/2007, -0/+3You can select to be charged in either CAD or USD through Paypal... I changed mine to charge the native currency a long time ago... my credit card offers me a much better exchange that Paypal's.
  • Weip, on 10/10/2007, -2/+65Yeah! Canada FTW.

    Now I hope I can buy my xbox 360 @ $350, not $450! PLEASE FIX THE PRICE SOMEONE!!!
    • phoephus, on 10/10/2007, -2/+15It depends on whether the U.S. dollar fell or the Canadian dollar rose. That xbox might soon be $450 in the U.S..
      • fyrehart, on 10/10/2007, -1/+10The dollar fell. It's been falling ever since Bernanke dropped the rate. And it will keep falling.
        • Wargalas, on 10/10/2007, -0/+13Actually it's both. Canada has seen a surge since the price of oil has risen.
        • wageslaven, on 10/10/2007, -0/+3In one sense, it may not be such a bad idea, you could actually see domestic industry capable of supplying domestic demand. It could improve American exports.
          • b1gm1ke, on 10/10/2007, -0/+1Fair point, I dugg you up, but won't years of dismal education standards and funding and the emergence of other countries that can still do the jobs much cheaper, hinder domestic industry?
      • Scienceisfun, on 10/10/2007, -3/+2Yeah, you can compare the Canadian dollars to currencies like the Yen and the Euro and while there's some increase, it's fairly small compared to the gains against the US dollar.
      • pp7k, on 10/10/2007, -1/+8"The dollar fell". You mean "The US dollar fell". Remember we're comparing $ US to $ CDN here.
      • rprouse, on 10/10/2007, -0/+6Actually both are true. The US dollar is tanking while the Cdn dollar is getting stronger.
        • IvanB, on 10/10/2007, -0/+1The US currency is depreciating because of the interest rates cuts and the Canadian dollar is appreciating because of the rising price of the petrol.
  • FRANKeB, on 10/10/2007, -0/+43Sometimes it's nice to live an hour and a half away from the U.S. border. This is one of those times. Electronics shopping, here I come.
    • UnderWurlde, on 10/10/2007, -5/+2Well, I'm happy that Apple does adjust their prices. I paid my iMac 24" 1799 CDN (student price), same as the US price. They have been pretty good about it. But I think they're in the minority group of companies who has ajusted prices accordingly.
      • Attrition, on 10/10/2007, -0/+9As of this posting.

        80Gb iPod Classic
        US: $249 - CAN: $279

        Lowest Macbook
        US: $1099 - CAN: $1249

        Not quite.
      • DeFex, on 10/10/2007, -0/+1apple equal opportunity reaming.
    • slimdizzy, on 10/10/2007, -0/+3race ya! I'm only 20 mins from the border.
      • Malarie, on 10/10/2007, -0/+1Damn you. I am 1 hour away. I live in MontrĂ©al!1
    • gridbread, on 10/10/2007, -0/+1Everything is opposite! That's what I used to do, only shopping in Canada instead of the States.
      It might be a good idea to exchange some cash as my American currency is slowly turning to dog *****.
  • whereisian, on 10/10/2007, -1/+60Let the "X dollars. What's that in American?" jokes commence.
  • oceanrain, on 10/10/2007, -2/+23The Great White North is now greener than the USA! And they thought it was because of global warming!
    We better get our wheelbarrels ready.
    • feebie, on 10/10/2007, -0/+6That's be true, except for the fact that our money isn't really green. It's rainbow!
  • Dark4eons, on 10/10/2007, -6/+53HELLOOOOOOOOO NEWEGG!
    • Zippo, on 10/10/2007, -0/+9HELLOOOO eBay and ThinkGeek!
    • NekoIan, on 10/10/2007, -1/+16# Does Newegg.com ship internationally?
      Newegg.com does not currently ship internationally; we only deliver to locations within the United States and to Puerto Rico.
      • sven007, on 10/10/2007, -3/+3Shut down!
        • elliam, on 10/10/2007, -0/+1I believe there are remailer services that let you buy an address in the US. Dunno if it's worth the price difference though.
      • sven007, on 10/10/2007, -4/+1sorry, double post
    • DeFex, on 10/10/2007, -0/+2we already have something better... NCIX
      • ImperiumMarine, on 10/10/2007, -0/+0Exactly. NCIX is great even though the parts cost significantly more compared to new egg. Why doesn't new egg ship at least up here to Canada?
  • Dark4eons, on 10/10/2007, -32/+1HELLOOOOOOOOOO NEWEGG!
  • trc0, on 10/10/2007, -0/+15Just in time for a trip to Seattle
  • Zergo, on 10/10/2007, -1/+53I'll wait a couple more months before going on a shopping spree. Once our dollar is worth $1.10 american or so.
  • SinzenStudios, on 10/10/2007, -1/+3Here's me hittin' ebay for some great finds. If only retail could drop their prices now and match our US cousins prices. Bestbuy, I'm looking in your direction.
  • theghoul, on 10/10/2007, -1/+56Sweet! Now I dont mind 7-11 slipping Canadian coins in my slurpee change.

    Go LOONIE!
  • tastypickles, on 10/10/2007, -7/+97Proof America should introduce nifty coins ($1 & $2) and colored bills (blue, green, red, purple, etc.) instead of all those confusing green paper things.
    • shawnanigans, on 10/10/2007, -1/+2I can't stand dollar bills. They are always ripped and nearly falling apart. Just use coins.
      • RyeBrye, on 10/10/2007, -1/+1Maybe you should get your currency from a bank and not the neighborhood crack dealer. Bills in that condition are marked to be destroyed and reprinted.
    • echinda, on 10/10/2007, -2/+1Coins have their own issues - you end up with so many of them that after a day of shopping you sound like you're wearing spurs.
      • JeffD, on 10/10/2007, -0/+2Not if you spend the coins instead of breaking another bill.
      • j1ggy, on 10/10/2007, -0/+1Not if you use a $2 increment. Why the US gave that up is beyond me, coins will never fly until the $2 is reimplemented. 2 x $2 coins instead of 4 x $1 coins makes a lot more sense. The same goes for 1 x $2 coin/1 x $1 coin compared to 3 x $1 coin.
    • Bamborzled, on 10/10/2007, -2/+2But, to be serious a bit: You guys really should include coloured bills. With only one colour and next to zero security features, the Greenback is one of the easiest currencies to counterfeit. Didn't the US just introduce a coloured bill? Keep on going.
      • Dumbledorito, on 10/10/2007, -1/+2Most Americans don't know what "colour" is.
    • ArtificialAnus, on 10/10/2007, -0/+3I'll tell you who has the best money - Australia. The bills are plastic, waterproof, and damn near indestructible. Gotta love a country where the money is designed for the beach.
      The Aussies have the worst coins in the world, though. The 50-cent piece is big & heavy enough to be used as a spare tire for a small car, and you always wind up with a few in your pocket. There's no penny, and everything is rounded to the nearest 5-cents, so all the stores price their goods specially so they always round up, and you're dinged for a few cents on every transaction.
      Actually, Canadian coins + Aussie bills would be just about perfect.
    • DeFex, on 10/10/2007, -0/+1It will happen the same time the reactionary Luddites stop using their quaint and outdated measurement system..
  • tehnico, on 10/10/2007, -5/+15Maybe members of OPEC will start accepting CAD for oil too!
  • Krakn3Dfx, on 10/10/2007, -25/+1http://orz.4chan.org/n/src/1190262614274.jpg

    That says it all right there.
  • realclark, on 10/10/2007, -4/+118Bring back the Canadian one dollar bill, our strippers are bruised from all the loonies thrown at them....
    • TrevorBradley, on 10/10/2007, -0/+25The strippers up here only take Canadian 5's. It's amusing when Americans come up and offer up American 1's. They're ignored!
    • Lomi, on 10/10/2007, -0/+5It's funny because it's true... that's why strip clubs are lighted the way they are though, so you can't see the bruises.
  • TripleAStacked, on 10/10/2007, -8/+43Alot of people think this is a good advancement for the Canadian economy but in reality it isn't. This will hurt the Canadian economy in the near future. 90% of Canadian export go to the United States and mainly because of currency difference but now the Americans would rather find someone else than us because this would inflict on their profit. Simple as that. One of our main exports was soft wood lumber and they are reporting the lowest % of housing development in the United States due to the recent CAD increase .

    i wonder what politicians are going to say about this issue on the upcoming election. Who ever can keep the Canadian economy moving with the current currency value will have my vote.
    • willin, on 10/10/2007, -2/+20Actually Canada's dependence on the US has declined significantly. That 90% number is about 5 years old, its now less than 70%. Basically mirroring the decline in importance internationally of the US economy.
    • brugger1982, on 10/10/2007, -13/+3Soft timber that you STEAL from the Maine woods!

      j/k

      ///kinda
      • Ford_Prefect2nd, on 10/10/2007, -0/+9Kinda? How is it being stolen? The only stealing on this issue was the US and its Tariffs. God NAFTA was a terrible agreement for Canada. The US just ignores whatever it doesn't like.
        Either way back up what your saying, otherwise I call shenanigans.
    • kiroh, on 10/10/2007, -2/+11I believe the softwood lumber issue is due more to American corporate lobbyists than any fluctuations in the dollar.
    • emjaymj, on 10/10/2007, -0/+8TripleAStacked is right. A strong dollar is a symptom of a good economy, but similar to inflation, it's something that automatically restrains the company when it's doing too well. Whether the US has 90% or 70% of our exports (and it's actually quite a bit higher than 70%), it's going to make things much more expensive to export and therefore much less cash will be injected into the Canadian economy.

      It's good in the sense that the Canadian economy has been doing very well to get to this point, but not so good for the future because the higher the dollar climbs, the more likely Canada is to be hit by a very hard recession.
      • nezroy, on 10/10/2007, -0/+5Canada's dollar isn't really climbing at all, it's the US dollar that's falling. I mean, it *did* climb relative to a stable currency for a while, but it's been stationary for several months now with respect to the Euro. The recession that hits Canada will be the same one that hits the rest of the world, and for the same reason. It won't be our strengthening dollar, but the horrible sucking vacuum left behind as the US economy implodes.

        If anything, the current dollar trend should be seen as a good thing, because it's helping us prepare for this. It's the fabled "soft-landing" that is easing us into the scenario that we are forced to face over the next five years; reduced exports to the US that we have to make up elsewhere at far slimmer margins. At least this way there'll be some time to adapt.
        • emjaymj, on 10/10/2007, -0/+3I'm aware it's only a relative movement (as with all fiat currencies, but I get what you're saying) but because the US is by far Canada's largest trading partner, its movement relative to other currencies doesn't have nearly the same significance.

          Depending on how fast the dollar continues to rise, it COULD help Canadians prepare, but it's unlikely. I think it's been obvious from the start that putting all of Canada's eggs in one basket isn't the greatest for the whole. Anybody with a bit of common sense can see that, it doesn't take a situation like this to point it out. There's been plenty of time to "prepare" but individual companies don't care. For a number of reasons - cultural and legal similarities, proximity, excellent trading relationships, English-speaking - it's just so cheap and EASY to do business with the United States. It is in the best interest of every business to continue milking this relationship while they can. It might not be in the country's best interest, but it's unlikely companies are going to reduce their quarterly profits for the greater good. The blow will be softened a bit because if Canada's exports to the US sink signficantly, companies can find other places to trade, but their margins will be lower, like you said, and this in itself will cost jobs.

          http://www.2ontario.com/welcome/coca_401.asp

          The US makes up 82% of Canadian exports. 82%! The imports may be significantly less, but it's only the exports that really matter here. The current dollar trend isn't a good thing just because it will create a "softer landing." It won't. The trend is merely an inevitable symptom of what's happening. It would be happening regardless. Even if it does happen to wake up some CEOs who were somehow too dumb to see this coming, when we're talking about such a substantial importer of Canadian goods, even the best efforts to create a "soft landing" will have a very minimal effect. The sooner Canada hits a recession (and therefore a declining dollar), the better off Canada will be. The longer it takes (and therefore the higher the dollar rises), the harder the economy is going to be hit. As a Canadian, I really don't want to see that dollar climb against the US dollar much longer.
    • Valleye, on 10/10/2007, -0/+6It will force our corporations to become more efficient and compete on their product and service and not be able to rely on their currency crutch. In the long run we will get better run businesses.

      Now I live in Canada and work in the US, I export my experience and talents but the market is so large in the US that I will still earn more working here than in my little city of 200k people.
      • meno911, on 10/10/2007, -0/+1Whatever guy, I too am a consultant and work in a saturated market in the little city of Ottawa. I make tons of cash and work and live in Canada. I don't understand what your talking about when you say our corporations have to become more efficient.
        • Valleye, on 10/10/2007, -0/+1I live in Windsor where I do not have access to the great potential market like Ottawa. I work in Detroit to take advantage of economies of scale. No I wont move to TO or Ottawa, I have family and deep roots.

          Regarding corps becoming more efficient, it is true. Many of our business particularly in southern Ontario competed with much larger business in the use because they had a currency advantage and not on the merits of their product. That has changed and they need to become more efficient and produce a better product.
    • Ash20, on 11/01/2007, -3/+5Your comment is just as flawed as those posted by everyone else who thinks that this is unequivocally "good" for the Canadian economy. It isn't "bad", it's just uncertain - we have to wait and see what effect it will have on exports. Don't ignore the fact that even though the drop has been steadily occurring, Canadian exports to the US have stayed relatively strong, despite the most bleak of forecasts from economists. Let's just pray that the "uncertainty" turns to the good =D

      Digg me down for using the word "pray".
      • Ford_Prefect2nd, on 11/01/2007, -0/+3Dugg down for giving your ego the out of the word "pray" being the reason for you being dugg down rather then someone simply disagreeing with you. Which BTW I do, despite the lack of change so far, nearly every economist says this will hurt us. Don't use your beliefs as a shield.
    • drunkendash, on 10/10/2007, -6/+1dugg down for talking *****.

      "One of our main exports was soft wood lumber and they are reporting the lowest % of housing development in the United States due to the recent CAD increase ."

      where do you get these "facts" from?
    • Xondar, on 10/10/2007, -0/+5Softwood lumber prices and the American housing market are not coupled to each other in a "cause and effect" way that you think they are.

      Canadian softwood lumber has been negatively impacted by the high tariffs put on Canadian lumber during the softwood lumber dispute. This probably let to troubles in the US housing market as it means prices for lumber went up in the US. Talk about shooting your own economy in the foot!

      It should also be mentioned that British Columbian lumber is quite cheap right now as the lumber companies scramble to cut down the beetle kill and sell it before it rots.

      If anything, the slow US housing market is due to a slow US economy. The slow US housing market negatively effects Canadian softwood lumber exports and not the other way around.
    • nezroy, on 10/10/2007, -0/+6It's just economic trending. It's not good or bad. The Canadian economy is strong, which means our currency goes up (not as a rule, of course, but frequently enough). Of course, most of this change is actually from the US economy being weak, and their dollar going down. Regardless, it's always funny how people selectively focus on this particular issue. The Canadian economy is strong for many reasons, but of course increasing currency value will have a downward pressure on that. It's not going to kill the economy though; it's not like the economy was strong only because the CDN$ was weak and that's all we had going for us. As with any currency and economy participating in the international market, the pressures caused by a strong economy competing with the pressures caused by a strengthening currency are part and parcel of the whole way the system balances itself out. It's just another influencing factor on the Canadian economy that will help it to settle right where it should be relative to other countries. It's always a little funny to see people freak out by focusing on the negative pressures of a strengthening currency without considering all the other economic factors that got it there in the first place.

      And of course, like I said already, the most important part is that this latest change is almost entirely US based anyway, and has nothing to do with the relative strength of the Canadian dollar. Look at the rate of CDN$ to the Euro, and it's basically been steady state around .70 for several months now.
      • meno911, on 10/10/2007, -0/+1I don't know what I'm talking about, but the CBC radio says recent rises in the CA dollar have to do with the recent rises in the price of oil. As uneducated as I am, I see the dollar rising to 1.05 to 1.10 in the next few months before the the federal economy starts felling the strains of a recession. Canadian families at that point will have time to prepare for the bumps in teh road.
    • TripleAStacked, on 10/10/2007, -0/+1Hm.... some of you have some good arguments but the thing is, the Canadian $ did not gain any value.... the American $ fell against the Canadian Dollar. This downfall is mainly caused by mishandling of the bush administration. Making tax cuts where HE / the American economy wasn't prepared for. Now i am not bashing any political parties here but its true and facts are there to prove it. But in my opinion the Canadian dollar won't stay high as it looks like the American economy is headed for a recession. And you know what they say...... When America sneezes, we (Canadians) catch a cold. The government has opened doors for international investment. They have made it easier for people around the world to take advantage of Canada's rich natural resources. They don't want to be heavily dependent on the American economy. * Hey this is a hint to all you international entrepreneurs........ do some research and get in talk with Canadian companies about importation of Canadian goods.*
  • Chewie67, on 10/10/2007, -34/+4Well, that does it. Time for the US to just buy Canada.
    • tehnico, on 10/10/2007, -3/+26Pfft, you can't afford it honey.
    • rufo, on 10/10/2007, -0/+18Too late - we should've done it earlier while it was still cheap.
    • phantomex, on 10/10/2007, -2/+11Can't afford it with the money being pumped into Iraq conflict. ;) Canadian dollar FTW
    • Light11, on 10/10/2007, -6/+2fine. only 1 _million_ dollars
      • kiroh, on 10/10/2007, -0/+61 million CAD, that is! :)
      • wageslaven, on 10/10/2007, -1/+2Your not offering 1 Million of those American Pesos are you?
    • Chewie67, on 10/10/2007, -0/+20Those of you saying that we can't afford it obviously know nothing about the American culture. We're a country of Credit Cards, Mortgages and a Trillion Dollar Deficit. Not having any money doesn't stop us from spending it.
      • tehnico, on 10/10/2007, -0/+8But America has not been pre-approved. And since the collapse of the sub-prime country market...
  • Gustomucho, on 10/10/2007, -1/+18Canadian hockey leagues are laughing their ass off ! Pay in US.. SURE! No problemo, I bet they will pay all the players for the whole year, or invest massively in US currency.
    • jacquesm, on 10/10/2007, -0/+2with the dive the dollar is taking anybody 'investing massively in US currency' is not entirely right in the head. Wait for it to bottom out, then invest (assuming it does, otherwise we all have 'issues').

      You don't normally invest in a stock or a currency that is nosediving
  • dawtcalm, on 10/10/2007, -4/+54SUCK IT AMERICA!!!
    JK, we'll all be down this weekend to shop, see ya soon!

    But agree with above, damn companies need to update pricing here in Canada!
    • allan17, on 10/10/2007, -0/+2If the companies don't fix the pricing problem, I hope more people shop online and in the US until they get their ***** together.
    • Gophergreg, on 10/10/2007, -0/+2Come on down! We're happy to lighten your wallets!
  • Skov2, on 10/10/2007, -17/+7Now we can merge our money together and create the Amero.
    • troycott, on 10/10/2007, -2/+16screw that - the US should convert to the CDN dollar.
    • RaGa, on 10/10/2007, -1/+11the Loonback
    • mrmxy88, on 10/10/2007, -6/+2Amero FTW!
      http://en.wikipedia.org/wiki/Amero
    • pp7k, on 10/10/2007, -0/+7Yeah, this seems like a great time to do that. This whole prudent financial management craze has made Canadian economics boring.
    • manitoba98xp, on 10/10/2007, -0/+2I read about the Amero, but what I find so stupid about the idea is: why create a new name and symbol? Both Canada and the US call their currencies the "dollar" ($). If you were to merge, you'd just call it the "North American Dollar". In any case, it won't happen any time soon.
  • nightsky07, on 10/10/2007, -4/+13No more trips to Canada for cheap beer.
    • megadan76, on 10/10/2007, -0/+31It would still be worth it, since the beer here is actually good :D
    • ChzPlz, on 10/10/2007, -3/+12You've obviously never bought beer in Canada. The beer is good, but the taxes are crazy. Example - 24 normal sized bottles of mainstream beer (not premium) is pushing $40.
      • ChzPlz, on 10/10/2007, -0/+13Sorry - not quite that bad - In Ontario, 24 mainstream bottles cost ~$33.60, including sales tax.
      • pp7k, on 10/10/2007, -0/+8Cross the Ottawa river. 12-pk Stella bottles at Costco in Quebec is around $14. Vive le Quebec libre!
        (Costco Ontario can't sell beer - liquor is a government monopoly).
      • wageslaven, on 10/10/2007, -0/+1Just note, "Mainstream" doesnt mean you cant buy cheaper beer. You can get a case of beer in Ontario for $24, but you'll be buying the Canadian equivalent of Coors or MHL or somesuch.

        I'd been drinking James Ready 5.5 pretty regularily - before I left Ontario :(
        • usefulidiot, on 10/10/2007, -0/+2James Ready 5.5 - Always Ready.
          (best cheap beer in ontario)
          • ChzPlz, on 10/10/2007, -0/+1and 5.5 too - sounds like a winner. Sign me up.
    • pp7k, on 10/10/2007, -5/+4Sorry guys, but I don't know where people get this notion that Canadian beer is good. Our megabrands are for the most part just as bad as US megabrands. Canadian, Ex, Blue, and the rest are complete *****. By the way, Coors Light is a top five brand here. Sleeman and a couple of other medium size brewers make some OK stuff, but there's no non-micro that can stand up to Stella, Heineken, or DAB. Hell, even the big Chinese brands are better. I'd trade four Molson anything for a Tiger.

      And no, I'm not the oblivious jerk from those stupid commercials.
    • kinseyincanada, on 10/10/2007, -0/+3its alll about buck a beers
    • puto, on 10/10/2007, -0/+8We still have hot bitches
  • Happy_Phantom, on 10/10/2007, -18/+8Now they can afford better kayaks with which they can row quicker to and from work from their igloos. No doubt a boom to Canadian productivity!
    • Schmidtopolis, on 10/10/2007, -1/+15We still gotta worry about random Polar Bear attacks, and Moose frenzies.
      • manitoba98xp, on 10/10/2007, -0/+3TORONTO TRAIL

        You died of dysentry. Sorry, I meant polar bear attack, eh?
    • FRANKeB, on 10/10/2007, -0/+5Yeah and feeding penguins in the park is so much fun too!

      (let's see if the Americans figure that one out...)
  • zeroMPHfallover, on 10/10/2007, -2/+19Maybe I see an iPhone in my near future after all!
  • JoeGrizzly, on 10/10/2007, -2/+6TripleAStacked is right, it will hurt our economy eventually but right now I'm still going to take advantage of the exchange rate and buy from the states :D
  • troycott, on 10/10/2007, -3/+10this actually sucks cause my business is based in windsor, but i work a lot in detroit. my advantage use to be that my clients would have a break on the prices because of the dollar. no advantage anymore. looks like i'll just have to rely on my customer service skills... HAHAHAHA
    • Greenspin, on 10/10/2007, -0/+3Wow, someone else from Windsor. I thought I was the only person that lived here!
    • wageslaven, on 10/10/2007, -0/+1I just moved from (Walkerville) Windsor to Arkansas. Hey neighbours!
  • theradical, on 10/10/2007, -1/+8"On the other hand, it's a positive for importers, wholesalers and consumers."

    Good for the consumer? I don't think so. Still paying 10$ more on average for 360 games, and 5-10$ more on most books. That's before tax. It'll benefit me next time I travel to Oregon though. Hello no taxes!
    • MacGruber, on 10/10/2007, -0/+0yeah, that is a bitch, especially considering books are the bulk over Canadian imports.
    • wageslaven, on 10/10/2007, -0/+1The prices will adjust over time -- use your head. Supply contracts and Purchase Orders arent written on a day by day basis.
      • theradical, on 10/10/2007, -0/+1What reason does a national chain have to lower prices, even over time? If a book sitting on the shelf says "US 14.99, CAD 24.99" right on the back cover, then parity or not, they have no incentive to adjust.
        • Argo1, on 10/10/2007, -0/+1When people start shopping on line, I'm hoping they get the incentive to change their pricing.
  • RXFireball, on 10/10/2007, -4/+36..... That's it, I'm moving to Canada.
    • pp7k, on 10/10/2007, -1/+19Damn, maybe we should tighten our borders. Perhaps we should start a Minuteman project here, to stop the onslaught of economic immigrants.

      Oh the irony!
    • gthrank, on 10/10/2007, -0/+7It's too expensive for you, bro. Remember, you'll arrive with only American Pesos in your pocket.
      Oh wait, maybe they'll let you drive a cab, or sweep the floors, or wash the dishes, or pick the crops, or do any of the other jobs that immigrants typically do.
    • turnlikeawheel, on 10/10/2007, -0/+6Sorry, we're full.
    • TomTruelle, on 10/10/2007, -2/+1We're not letting you in.
    • saentanju, on 10/10/2007, -7/+1Rx don't be an idiot - you don't know a trap when you see one. Let the canadians have their day. It's apparently very important to them.
  • pak314, on 10/10/2007, -0/+4I guess the bright side is American goods become cheaper to those in Canada and thus we will export more goods to them and less likely our jobs will be moved to their side.
  • MrEguy, on 10/10/2007, -6/+12The equalization of values is setting the stage for the new currency of the North American Union: The Amero
    http://www.humanevents.com/article.php?id=15017
    • Carsonauto, on 10/10/2007, -10/+4The americans only want the Amero because they know the value of the Canadian dollar would, and will further trump the American dollar. Americans just want a piece of the action.
      • wageslaven, on 10/10/2007, -0/+6No, the American Plutocracy wants to dominate the continent financially so it can exploit Canadian resources without having to put up with our pesky non-plutocratic government. They've been trying to undermine our Democracy for years.
    • TrevorBradley, on 10/10/2007, -1/+16Not a chance in hell. We'd rather tie ourselves to the Euro than tie our currency to your sinking dollar.

      Join your currency to the Peso first. Then we'll consider it.
      • jp007, on 10/10/2007, -4/+4You seem to think you have a choice in the matter..eh?
        • Scienceisfun, on 10/10/2007, -2/+2Seems to me your influence on the matter is getting weaker by the second.
      • Mesmorize, on 10/10/2007, -0/+1You want to use a currency called The "Euro" in Canada?
    • cmearns, on 10/10/2007, -1/+2As a canadian, I don't see any reason why I would go for that.
      1) If the dollar was on par in Mexico, say goodbye to cheap, tequila fueled vacations.
      2) Good timing, mentioning this as the Canadian dollar climbs to its peak in over 30 years, and the American dollar sinks even lower. Now theres a partnership that sounds promising. /sarcasm
      • yingjai, on 10/10/2007, -0/+1SPP isn't new. There has been 3 years of private meetings going on between the 3 countries. The last one was in the last few months and was said to have taken place in Ontario, Canada, but security was provided by the American army.
        If we citizens ever get a chance to vote on SPP, I would definitely vote no. But hey, we are stupid and only the government knows what's best for us, right?
  • iceschade, on 10/10/2007, -1/+7Now, I'm going to trade my life's savings for canadian bills, wait for the US dollar to hit rock bottom, then trade it all back before the election, so that when the US dollar rebounds, I'll be filthy freakin' rich.
    • Synthetik, on 10/10/2007, -0/+7You missed that ship by about 5 years when the Canadian dollar was around 60 cents US
    • Ford_Prefect2nd, on 10/10/2007, -1/+3You mean when IF it rebounds.
    • Gophergreg, on 10/10/2007, -0/+1Why not? It works for George Soros.
  • Hodgie, on 10/10/2007, -1/+2Hopefully this holds strong.
  • Kobayashi953, on 10/10/2007, -4/+4I'm headin' down to Buffalo this weekend to buy a new macbook. $999 Stateside, same macbook here is $1249 plus tax! Criminal! If the $ stays close to the same level, I'll even look into buying a new car, pay the duty and still come out ahead.. Screw Canadian Manufac. price gouging!
    • Ford_Prefect2nd, on 10/10/2007, -4/+3And it's people like you that do that, that creates the need to increase prices. If you buy locally their profits increase and they can afford to be competitive.
      • Kobayashi953, on 10/10/2007, -0/+6*****. I have no problem paying an extra 5% or even 10% to buy locally and support community businesses. I do this all the time and have no issues. There is absolutely no justification for 20%-30% markup on products bought in Canada. By going south to purchase my big ticket items, I am not only taking advantage of the equal exchange rate, I am sending a clear and direct message to manufacturers and retailers that geographic price gouging will not be tollerated.
  • Synthetik, on 10/10/2007, -4/+25This pisses me off 16GB iPod Touch $399.00 / $507.37 (13% tax):
    http://store.apple.com/1-800-MY-APPLE/WebObjects/A ...
    http://store.apple.com/1-800-MY-APPLE/WebObjects/c ...

    ***** off government for taxing us so much! ***** off compainies for still screwing us on exchange rates!
    • Synthetik, on 10/10/2007, -3/+3***** off digg for not allowing me to properly paste those links and telling me that my session has expired when trying to edit my last post! ***** off work for forcing me to use IE with Websense and not Firefox!
      • Chicken2nite, on 10/10/2007, -0/+1tinyurl has its uses, this would be one of them.
    • Ford_Prefect2nd, on 10/10/2007, -2/+16Those taxes pay for your health care and other amazing social services... personally I always worry if a politician suggests lowering taxes. If your lowering taxes you have to cut a service and its rarely worth it.
    • rsmacfounder, on 10/10/2007, -0/+0Apple Canada Price Gouging
      http://gouging.blogspot.com/
  • echeese, on 10/10/2007, -4/+75I, for one, welcome our new northern overlords.
    • feebie, on 10/10/2007, -0/+7It's about time.
    • manitoba98xp, on 10/10/2007, -0/+33As a Canadian, I hereby order you Americans to elect a better President this time around. That's all, eh.
    • ghuytro, on 10/10/2007, -1/+10Don't worry. We're benevolent.

      We'll be more than happy to share our marijuana, ice cold beer, beavers (as in our strippers) and hockey... ok scratch the hockey part - we'll never be able to jam that one down your throat no matter how stoned, drunk or how many lap dances we get you.
    • ammiller23, on 10/10/2007, -3/+2That is the funniest comment I have read today- I am cleaning coke off my screen now. Thanks.
      • quittintime, on 10/10/2007, -0/+0hey look at that, the simpson's guy got the reference!
        i haven't seen a "i for one welcome.." on digg in atleast two days...
  • IggyPop, on 10/10/2007, -4/+6Oh Hell Yes! I've been waiting for this for a long long time. Maple Leaf Pride!
  • FredSpeaking, on 10/10/2007, -2/+4Yes! Now our dollar is worth more and now... we'll sell less exports.
  • bejayel, on 10/10/2007, -0/+0http://moneycentral.msn.com/detail/stock_quote?Sym ... :)
  • hiphoc, on 10/10/2007, -7/+15If americans cared about money they would shut down the ***** FED. Since the fed has been in power our money has been devalued 99%. ***** robbery, they have taken our wealth and given us green pieces of ***** papaer. And my fellow jackass american knows more about Britney Spears than the fact that Bernanke and Greenspan are the ones killing the dollar.
    • dianebl, on 10/10/2007, -0/+10Are you actually paying attention to world events? The US dollar is devalued because of the state of the economy, the sub-prime crisis, and the huge trade imbalance you americans have. You import WAY more than you export. Canada exports more than it imports.
      • jp007, on 10/10/2007, -0/+3Crap. I meant to digg you down, not up. The Bush administration has long supported a policy of a weak dollar, well before the bursting of the sub prime bubble. It is government policy implemented via the Federal Reserve. It isn't as tightly coupled to unabated market conditions as you seem to imply..
        • dianebl, on 10/10/2007, -0/+3Yes, but most of the dollar's weakness has to do with political decisions by the administration, not the policies of the Federal Reserve.
          • jp007, on 10/10/2007, -0/+2Um.. that's what I was saying. The dollar's decline is due to the political decisions of the Bush administration, not purely free-market economical cause and effect.
        • nezroy, on 10/10/2007, -0/+0The Bush policy of supporting a weak dollar was a bit of self-serving crap. "Hey, the dollar's falling and there's nothing we can do about it." -- "I know, let's claim that it's our POLICY to make the dollar weak, and we'll look like geniuses!" Just because they we're bright enough to spot it a year or so ahead of the very short-sighted and relatively stupid markets doesn't mean they somehow masterminded this thing. There was a lot of political engineering that took place with regards to their weak-dollar policy, but not much economics.
    • nezroy, on 10/10/2007, -0/+5While I would generally agree that the Fed is a "bad thing", you have to realize that the Fed probably just saved you from either depression or hyperinflation with their latest 50 bps cut. While the US$ has certainly devalued (it was effectively cut in half by Greenspan), realize that they are currently protecting you from the absolute free-fall that would result if the "free market" we're indeed left alone to self-correct. What international bankers learned from the Great Depression and the 80's recession is that Fed intervention can prevent the chaos. So within the system you currently have, you should be thanking them, not haranguing their choices. If you want to argue about a complete overhaul of the monetary system, then great, but within the context, the Fed is currently saving the average US consumer a world of hurt in the most effective way possible. Of course, they can't change reality, but they are definitely doing an impressive job of guiding this collapse.
      • mookiemookie, on 10/10/2007, -0/+3But it's so much more trendier and easier to watch a youtube clip full of half truths and misinformation and blame it all on the Fed instead of learning how things really work
  • Ford_Prefect2nd, on 10/10/2007, -4/+8This is actually quite bad for Canada. Our economy is export based... as the CND Dollar is still a dollar domestically (obviously), it makes little difference locally. However exporters must adjust the cost down to compensate for the difference... especially when selling to the US and its plummeting dollar. With the US being our largest trading partner and vise versa, this is actually quite bad. On the other hand, it was suppose to create a small crises when it hit .90 and it didn't happen so who knows.
    • TrevorBradley, on 10/10/2007, -1/+4Well, it's quite bad for Ontario and Quebec which depend on manufacturing heavily.
      Nyah Nyah!
      (Sincerely, your friends in BC and Alberta)
    • Ford_Prefect2nd, on 10/10/2007, -0/+1Actually as Alberta relies heavily on Oil, they do export quite a bit.... in fact they may be the most heavily hit.
      • nezroy, on 10/10/2007, -1/+1Not nearly as much. Historically, demand in the energy & oil sector isn't nearly as elastic with price as it is with other things, like manufactured items. That's why the cost of a barrel of oil keeps hitting "record highs"; as the US dollar devalues, they are forced to pay more of them to get the same amount of oil. The exporters of that oil demand the same amount (in their currency, relatively) each time, which is why the US price keeps going up. The big difference between oil and manufactured goods in this setup is that the demand for oil is *not* going to decline significantly as the price increases. Instead, consumers stop spending money on other manufactured goods, like TVs, so that they can continue to pay for the oil to run their cars and heat their homes. As a result, exporters of oil and energy products are going to feel it a *lot* less than exporters of manufactured goods.
      • ecidnac, on 10/10/2007, -0/+1Nezroy is pretty much right... I wonder, does the same follow for other raw materials? I would assume so. In that case, this doesn't screw Canada nearly as much as I'd immediately though. Probably isn't great for the film and television industry in Vancouver and Toronto...
    • wageslaven, on 10/10/2007, -0/+1It means they can buy international capital more readily... It can buy foreign firms.

  • Ford_Prefect2nd, on 10/10/2007, -13/+5This is actually quite bad for Canada. Our economy is export based... as the CND Dollar is still a dollar domestically, it makes little difference locally. However exporters must adjust the cost down to compensate for the difference... especially when selling to the US and its plummeting dollar. With the US being our largest trading partner and vise versa, this is actually quite bad. On the other hand, it was suppose to create a small crises when it hit .90 and it didn't happen so who knows.
  • sub67, on 10/10/2007, -0/+3Haha! A national dependency on eBay. Quick, everybody, raise your prices 5%!
  • Abomonog, on 10/10/2007, -17/+2People are calling the Canadian dollar the Loony? If you guys don't start a war over this we Americans are going to give you up for being Frenchmen in disguise.
    • fury420, on 10/10/2007, -1/+9its the Loonie, and its got a Loon (the bird) stamped on one side....
      hence, the loonie
    • effedup, on 10/10/2007, -4/+4oh so what you are saying is that we should rename the one dollar coin the "freedom dollar" or something ***** gay like that? Pull your head out of your ass. No wait, leave it up there.. we're all better off. As a matter of fact, the world would be much better off without your country.
    • Ford_Prefect2nd, on 10/10/2007, -1/+8Some Canadians are French. And i am proud that we have them. Gods I hate this anti French thing.
    • slimdizzy, on 10/10/2007, -2/+1your just stupid
  • LordByr0n, on 10/10/2007, -1/+19Hopefully with the high CAD we can finally get some more hockey teams.
    Cough*likeInHamilton*cough
    • 10001110101, on 10/10/2007, -0/+3While I agree that we need more teams, I don't think a better exchange rate will help. I love the Toronto Maple Leafs, but I've got to blame them for the fall through of the Hamilton deal. They were too worried about the effects on their ticket sales.
      • ragingradish, on 10/10/2007, -0/+0"They were too worried about the effects on their ticket sales"

        There's nothing to worry about. Leaf fans will continue to cough up to watch their team consistently lose regardless of ticket price.
    • tyler420666, on 10/10/2007, -1/+2i guess they will be in last place just like your ti cats hahahah hamilton sucks
    • Ford_Prefect2nd, on 10/10/2007, -0/+2Hamilton is to close to GTA. London should get a team. Or Winnipeg again.
    • Weip, on 10/10/2007, -0/+4Quebec should get a team!
      • kgmurray, on 10/10/2007, -1/+1Toronto should get a team.
      • Densetsu, on 10/10/2007, -0/+1Your province has the Habs. Give Manitoba back their team!

        Scratch that. Give Red Deer a team. My province deserves three teams.
    • cros, on 10/10/2007, -0/+3No way, bring back the Jets and the Nordiques, give Regina or Saskatoon a team. Hell, give Halifax, Yelowknife, Iqaluit and Whitehorse teams while you're at it.
    • Cyclops0T8, on 10/10/2007, -0/+1Yea, maybe with enough competition the Leafs will kick up their game. Love the Leafs, but time for change is long overdue.
      • DeFex, on 10/10/2007, -0/+1no as long as fans keep coming back they will continue getting reamed.
    • RagnabroK, on 10/10/2007, -0/+0Live in Hamilton? no wonder you are coughing! Lol i moved from hammer town to Winnipeg a few years back... give us the team!
    • hotspot102, on 10/10/2007, -0/+1I think the issue lies more in the tax code. Then the subsequent value of the Canadian dollar. Although canadian teams consistently sell out their respective stadiums, they some how dont manage to bring the money the american teams do.
      • Densetsu, on 10/10/2007, -1/+1There's more to NHL revenues than attendance. TV contracts, advertising revenues, sponsors...that rakes in a lot more cash in the US than up here in Canada.
        Hopefully the US's bombing economy might make the league look twice at putting another team in the Great White North, though...
    • DeFex, on 10/10/2007, -0/+1yes! because people in southern Ontario who are not stupid sheep need a decent team to follow. Not one who keeps on losing because they know the idiot fans will still come back and spend their money.
  • thoughtbubble, on 10/10/2007, -1/+24I heard on CBC radio that on the global stage, Canadians are effectively 40% wealthier now than we were 5 years ago because of the loonie's rise and greenback's fall. But they pointed out that it doesn't really matter, unless you were to sell all your possessions and relocate to the US. And somehow, I don't think too many Canadians are keen on doing that at the moment. Nice weather or not, I'll wait until the next elections before I even visit.
    In the meantime, ebay here I come.
    • pp7k, on 10/10/2007, -0/+7Kind of like when housing values go up. Sure your house is worth more, but it's not like you can sell and buy a nicer house.

      Stability is more important. But keep in mind, our currency is stable. The USD is tanking. $CDN is only worth more $US, it's been relatively flat against the Euro and GBP for a while now.

      I really wish financial reports here would stop saying "the Canadian dollar went up today" when they really mean "the US dollar went down". Not that most people grasp what it means either way.
      • echinda, on 10/10/2007, -0/+3The Canadian dollar did go up. If you graph the Loonie against the euro, yen and greenback we increased against all of them - we just went farthest against the greenback.
      • echinda, on 10/10/2007, -0/+4Here is the chart:

        http://fx.sauder.ubc.ca/cgi/fxplot?b=CAD&c=USD&c=E ...
        • pp7k, on 10/10/2007, -0/+1Yes, the $CDN went up a bit on the day but that's just part of the usual up and down. One day charts don't mean much with currency. If you look at the trend since 2002 when it was $.65 USD to $1 CDN it has been the American dollar dropping that account for 90% of the rise to parity.
  • noseeme, on 10/10/2007, -0/+2Remember what was happening 31 years ago? All the more reason to GTFO of Iraq.
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