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The Canadian Dollar is Officially Worth More than the American Dollar

google.ca — Not since decades ago has the Canadian dollar been worth more than the American Dollar, a sign of changing times? More like a sign that Bush is failing America.

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  • Verdanic, on 10/10/2007, -6/+197All we need now is for the Canadian economy to actually act on the changes and lower prices.

    I'm not an economist but I know that a can of Coke shouldn't cost the same as it did a couple decades ago when the Canadian dollar has been on the rise since. Yea, that's right, the Canadian dollar is rising at the same time as the US dollar is falling.
    • etcimon, on 10/10/2007, -70/+8Who ***** cares about coke. In canada, we don't drink coke... we drink pepsi
      • ThinSpirit, on 10/10/2007, -19/+7I drink Dr. Pepper...
      • Asidic, on 10/10/2007, -10/+1I drink Angel Energy.
      • ikickass, on 10/10/2007, -3/+23i drink coke and i live in canada...
      • teh_techie, on 10/10/2007, -2/+12Coke Zero. No Calories, tastes more like real coke than Diet Coke does.
        • jeremymccurdy, on 10/10/2007, -1/+5I second this, Coke Zero kicks ass, especially for people like me who have ***** up blood sugar, uh, and are also Canadian.
      • UbIwerks, on 10/10/2007, -2/+20I drink tap water! (yeah, you can do that up here!)
      • Brut3forc3, on 10/10/2007, -0/+6They drink Pepsi in Quebec too...
        • ch4os1337, on 10/10/2007, -3/+2Quebec is like the euro wing of canada
      • swrostmore, on 10/10/2007, -0/+3Canadians obviously drink Clearly Canadian you uncultured swine! Although I think Pepsi bottles it...
      • yingjai, on 10/10/2007, -1/+1I live in Canada and I prefer Coke over Pepsi.
      • rdog99, on 10/10/2007, -1/+0you must be from quebec.
    • JohnnyMi25, on 10/10/2007, -5/+79I drink our SUPERIOR Canadian beer
      • Biznarie, on 10/13/2007, -6/+43I VOTE FOR CHEAPER BEER!
        • JohnnyMi25, on 10/10/2007, -3/+18I second that!
        • overlord44, on 10/13/2007, -2/+21How is cheaper beer at -3 diggs?!?!?!

          Cheaper beer is better for everyone. It's science.
        • 89vision, on 10/13/2007, -1/+2I vote for socialized beer!
      • derek20cali, on 10/10/2007, -23/+4Your beer is not superior. What the hell?
        • SPARTACVS, on 10/10/2007, -2/+11Sleeman's Cream Ale and Alexander Keith's India Pale/Red Amber Ales are the best beers ever brewed.
        • directive0, on 10/10/2007, -1/+1KIETH'S!
        • zigspective, on 10/10/2007, -0/+2You are obviously ignorant to drinking real Canadian beer, no Molson Canadian, and Labatt Blue do not count.
    • Skanadian, on 10/10/2007, -0/+56I'm sick of being charged for ***** at the .60 exchange rate. Go to Tigerdirect.ca and find a PC part, then go to Tigerdirect.com and find the same one. The change in price is insane.
      • Tenoq, on 10/10/2007, -0/+2Bah - we've still got pricing on automotive and IT components based on the AUD being worth 0.5 USD. It hasn't been that low in what, 5 years? :p
      • 2ltkap, on 10/10/2007, -0/+1It's funny, I compared at Tiger direct myself and the difference is too damned much. I'm sick to death of paying more for books, fuel (made in Canada) Alcohol (made in Canada), even though the loonie has recovered against the USD for years. I always laugh when I travel in the States and buy imported Labatts Blue, Imported Canadian Club for much less than at home. Lat's face it we're getting screwed by our own government
    • Alex2, on 10/10/2007, -4/+33Your book publishers are racist against Canadians. Books cost 50% more here.
      • rpgguy1o1, on 10/10/2007, -0/+29not to mention they're printed here in Canada too
        • xister, on 10/10/2007, -10/+3Canadians are a race?!?!
          • TheTaoOfBill, on 10/10/2007, -2/+4According to webster:

            2 a : a family, tribe, people, or nation belonging to the same stock b : a class or kind of people unified by shared interests, habits, or characteristics

            Ancestry, citizenship and religion can all be considered races.
          • cliffzdude, on 10/10/2007, -4/+1"...nation belonging to the same stock ..." "...a class or kind of people unified by shared interests, habits, or characteristics ..."

            I think that excludes calling Canadians a "race". Unless being African Canadian, or French Canadian, or Anglo Canadian, or Asian Canadian are sub-races of the Canadian race...
        • dragoneye, on 10/10/2007, -1/+8xister: you didn't know that, eh?
    • DocHoliday22, on 10/10/2007, -1/+7Inflation has got a lot to do with the economy so a can of coke can be measured against this.

      A can of coke here in the UK is 50p, but a loaf of bread has risen by about 9 pence over the last few years.
    • TrevorBradley, on 10/10/2007, -1/+21Y'know I've been thinking about this... and I'm worried that the "correction" will actually come in the form of marked increases in American prices when inflation finally kicks in.
    • Jon211, on 10/10/2007, -8/+1Why would Canada cut prices just because its currency is worth more?
      If we use US Dollars as our measure Canadians now earn more than they did before so they have more purchasing power.

      If the Canadian Dollar became worth $0.10 you wouldn't be clamouring for people to raise prices.
      Why should things be priced the same in US Dollars as Canadian Dollars, it's just an arbitrary scale.
      • Verdanic, on 10/10/2007, -0/+9Well that's because the CAD declining would be negative for Canadian consumers. The CAD value increasing should be positive for us (without going into the more complected details).
        • cliffzdude, on 10/10/2007, -0/+2It's a catch 22.
          A weak currency is great for business thusly great for workers and the economy. But...
          A strong currency is bad for business (anything grown, made, manufactured, and then exported), and great for those traveling abroad. Fortunately for Canadians the largest retail economy on the face of the earth is just an hour or two away for 75% of all Canadians.
      • Jon211, on 10/10/2007, -0/+3I really don't think people get how currency works.

        Let's say in Canada a man earns CDN$70K per year.
        In the US the same job pays $50K per year and the exchange rate is US$1 to CDN$1.4

        You would expect things to cost around 40% more in absolute dollar terms in Canada in this case, but the purchasing power is the same at the Canadian Dollar is worth that much less.
        Now let's say that the Canadian Dollar gains ground against the US Dollar so that now the exchange rate is 1:1.

        Things still cost the same in nominal terms as they did before, generally 40% more in Canadian Dollars.
        The thing is the purchasing power has remained the same as the Canadian Dollar is worth more against the US Dollar.

        You could argue that things imported from the US should now be cheaper in Canada, but why would they? It's a market economy, just because something costs less doesn't mean in will sell for less. As purchasing power has remained the same it makes sense for prices to stay the same.

        The dollar value is an arbitrary figure.
        If Canada debased its currency to US$1 to CDN$2 things would double in dollar value but they would remain exactly as affordable as before.
        • cliffzdude, on 10/10/2007, -1/+1True, however the US Currency has weakened drastically over the past few years, which is what we see with the parity situation with our currencies.
          The price of gold hasn't risen on the world market, it just costs more in the US due to the weakened buying power of the US dollar.
          The nominal value of a currency is indeed arbitrary. Does that beer cost $1.00 or $1,000? They're both the same for if the beer cost 1000x as much, your salary would be 1000x as much... However the real value of a currency isn't arbitrary, its market driven. The USA is swimming in debt, and our currency shows it. Our currency is backed by the full faith and credit of the government. When we're having to extend our credit limit on October 1st because we've maxed our our credit, we're in a world of ***** my friends.
      • reubencm, on 10/10/2007, -0/+0if it became worth 10 cnets like you suggested, they would have to raise prices because otherwise they wouldnt be covering costs, therefore, they should lower prices when the opposite occurs. People like you may be able to understand this on a ridiculous scale, but need to recognize that these changes should be made on all scales of currency changes to make prices fair.
    • BESTenemy, on 10/10/2007, -1/+8The only cuts you are likely to see are in the energy sector... you are seeing that already, if you've been to the pump. Everything Canada exports to the US gets cheaper. When housing market in the US collapses further, you'll see US property speculators pull out and Canadian speculators shift their investments across the border. Along with it you might see temporary reduction in cost of living. However, Canada does have many of the same skeletons in the closet. It does have fiat currency economy and fractional reserve banking - those are some of the key elements that brough in the US decline in the first place.

      Whatever the benefits are of the economic surplass, it won't be the consumer that'll obsorb them, but the high level economists in the international commodity trade sector. Also, instead of comparing Canadian currency to the USD, look at its rate against other European currencies. Compare it to Yen. You'll realize that although soaring, compared to the immediate neighbor, its international standing is uneventful. It is not a global currency. It doesn't have the same influence as USD, Euro or Yen.
      • oxdeltaxo, on 10/10/2007, -3/+1Yes but it's still worth more. :D
      • Chubby51, on 10/10/2007, -2/+6Yes, the Canadian dollar is in much the same boat as the UK Pound (only 40M Canadians and only 60M Brits). And yes, both Canada and the UK have comically inflated housing price. But so does the Euro Zone. (I don't know about the Japs)
        The real fault line is the asset backed borrowing of the Developed Nations peoples and governments, who have not only wasted the borrowed money on Wars and Tax breaks for the already wealthy, but on those overpriced houses too. Let alone how much has been indulged on 'short value' luxury consumerbles.
        But the USA cannott now ofload its debt by selling bond any more, Nobody wants to buy.
        Nobody wants to play the Petrodollar game any more either.

        Will be nice to see how thing actually unfold, would love to see the USA people take to the Steets, but they are all a bunch of pussies.


        • AbsurdParadox, on 10/10/2007, -0/+2"...but they are all a bunch of pussies."

          Indeed. Most americans will turn to the federal government to save them. The same federal government that caused the problem in the first place.
    • Rukaribe, on 10/10/2007, -5/+1I wouldn't really say Google is the official source for economic data...
    • Aaron_Einstein, on 10/10/2007, -0/+2I know!~ I just went to the movies today and the price had gone up! I couldn't believe it! It's 10.45 now, even after the dollars jumped... this is total BS.
  • Disease, on 10/28/2007, -18/+264Yay we're winning
    • whataboutdave, on 10/10/2007, -28/+17In case you haven;t been taking notes, the world economy is interconnected in ways that mean an economic collapse of America isn't good for the world. Prosperity may not be shared by all, but hardship would certainly be.
      • Skanadian, on 10/10/2007, -4/+41It was a joke.
      • JohnnyMi25, on 10/10/2007, -2/+23woa easy there It sounds like someone is a poor sport!
        Im just kidding please don't Invade us under the guise of looking to bring us "freedom" and ***** (lack of) health care
      • GMorgan, on 10/10/2007, -2/+11It's not as dangerous as it was 30 years ago though. The EEC has been quite competent at establishing some form of economic independence for Europe. Even in Britain, which arguably has the strongest ties to the US in Europe, 55% of our trade is with France alone.

        Reality is that:
        1. European currencies are no longer dependent on the Dollar, ending Breton Woods started that, the Euro and the strongly performing Sterling ensured it.
        2. Alternatives to American industries are available. Airbus have dominated short/medium haul aircraft sales for a while, the A380 seems set to do the same for long haul. European car companies are numerous (though a lot are tied to larger multinationals these companies are split into regional arms that will be able to sheer off safely on the collapse of one arm).
        3. Russia are more important to the EU in the energy market right now and many European nations are ahead of the game on alternative energy (France has a huge nuclear sector, many EU countries have high levels of renewables).

        The biggest impact would be the potential retraction of US based brands like fast food chains but they could be replaced easily enough.

        That said it wouldn't be nice (and I certainly don't want America to struggle) but it isn't the 1970's any more. The idea that the world would stop if America went under is old, may as well declare the British Empire to be the worlds largest super power.
      • whataboutdave, on 10/10/2007, -3/+13This is why I come to Digg. To listen to computer science people share their opinions on macroeconomics.
      • zachgc, on 10/10/2007, -1/+1"Canada: America's Hat"
    • warkro, on 10/10/2007, -0/+55Tell that to Canadian Manufacturers that export to the US.
      • reubencm, on 10/10/2007, -0/+2tell that to the canadian distributors which import frm the us and greatly outnumber those who export.
      • Speed, on 10/10/2007, -0/+1Well, we should keep the lumber in Canada and make our own damn tables, instead of selling our raw resources to other countries then buying the finished products back. "Made in Mexico with Canadian Fabric" was one of the most insulting tags I've ever seen on a shirt.
    • isunktheship, on 10/10/2007, -22/+1HAH not nemore!
      10 U.S. dollars = 9.9970009 Canadian dollars
      But.. it's only lunch-time!
      • xerexes1, on 10/10/2007, -0/+26You do realize that 10 is less than 9.997009, right? So the Canadian dollar is worth more than the US dollar.
      • derek20cali, on 10/10/2007, -0/+13You're making us Americans look bad.
      • UtilityPole, on 10/10/2007, -2/+1
    • Paranoidmarvin, on 10/10/2007, -12/+7Actually, I think you'll find that the Pound and the Euro are winning.
    • BESTenemy, on 10/10/2007, -4/+14We're both losing against Eurasian economy. US dollar's in a free fall. Canadian's on parachute descent, but the direction is still the same. It's not that the Canadian dollar's rising, but that's it's faling at a much slower rate than the USD. Canadian dollar is not an international trade currency, like USD, British Pound, Euro or Yen. It's not a major stock market currency.

      Also, you can't possibly believe that the downfall of the main trade partner would cause rise in others' economy. When US falls, both countries fall. One faster than the other, but still, it's bad for us both.
      • oxdeltaxo, on 10/10/2007, -2/+6Not necessarily, Canada has a surplus of cash the US is in a huge amount of debt.
        • cliffzdude, on 10/10/2007, -1/+7True, however that balance of cash won't change the fact that Canadian's largest trading partner is the USA, and the currency fall of the dollar will hit Canadian Manufacturers hard, VERY HARD. Say nothing for US companies who make parts and even entire cars in Canada, their costs are skyrocketing by doing business in Canada. If the currency kept heading in the same direction, expect to see manufacturers close their doors, American plants move out of Canada, and more.
          That's the irony in this, a weak currency often can improve the economic situation of a country, its a bit of a buffer that over time keeps a country from free falling into oblivion, business-wise that is.
      • jumbalia, on 10/10/2007, -0/+7I agree that what's bad for the US is bad for Canada, but the Canadian dollar is not falling. In fact it's also gaining on the Pound, Yen, and Euro.
    • Zippo, on 10/10/2007, -3/+48CANADA!
      ***** YEAH!
      • macbookpromat, on 10/10/2007, -8/+5Coming in to save... oh who am I kidding, we won't save anyone, and knowing our dumbass prime minister, our armed forces are going to become quite rich.
    • stateofdreams, on 10/10/2007, -0/+2Awesome!! Maybe now we'll get all of our factories back. But this time other countries will be outsourcing to us... So nice!!
  • funkedup, on 10/10/2007, -4/+109Damn, I remember going to Canada all the time (I live in Michigan) over the last 15 years to take advantage of the exchange rate. I went on skiing trips that barely cost a thing, went to bars, and just to have a good time. Over the last 5 years especially, I've been seeing that canuck dollar climb in comparison. Now I suppose the Canadians will be coming over to the U.S. to take advantage of the NEW exchange rate.
    • unreg, on 10/10/2007, -2/+9I remember US establishments advertising to taken Candian money at par, basically losing 25 cents on the dollar.

      How times have changed, wonder if those loonie lovers will extend us the same courtesy.
      • CannedMango, on 10/10/2007, -1/+15Haha... cheap border stores have been taking the US dollar at par for years ;)
        • sardion2000, on 10/10/2007, -1/+4Seriously. Stores have been taking USD on par in Canada for as long as I can remember.
    • Biznarie, on 10/10/2007, -2/+1Which is good for you because if we spend more of our money there your dollar will go up :) either way its gonna go back and forth every once in a while.
    • JohnnyMi25, on 10/10/2007, -3/+16We'd like to but alas G Dub Is making it a pain to cross the border (pass ports etc..)
      • olduvai, on 10/10/2007, -1/+6Yeah, but then, what's the point of protecting something that's failing? Every time I come back home to the U.S., I'm harassed. When I'm finish with customs I'm overwhelmed with the collective state of fear and isolation. So few here know how to initate and carry a conversation. I can't help but feel we're guarding a bird that has already been horribly wounded.
      • olduvai, on 10/10/2007, -5/+0Yeah, but then, what's the point of protecting something that's failing? Every time I come back home to the U.S., I'm harassed. When I'm finished with customs I'm overwhelmed with the collective state of fear and isolation. So few here still know how to initate and carry a conversation. I can't help but feel we're fiercely guarding a bird that has already been horribly wounded.
      • brad3378, on 10/10/2007, -0/+4Not a problem here in Arizona. We just hop over the border like it's hopscotch.
    • Junpei, on 10/10/2007, -0/+8I second that. I live near Sault Ste Marie, MI and for a long time we'd always go over to Canada to go grocery shopping, but lately I've been noticing more and more Canadians coming over state side.
      • IEatHamburgers, on 10/10/2007, -0/+2Yeah, because they have one and a half times the money to blow at the (three!) Indian Casinos. Good time to be a tribal member, eh?
        • Dantetheinferno, on 10/10/2007, -0/+1Hmmm... Nothing like casino gambling in michigan.
    • FleetAdmiral, on 10/10/2007, -0/+8Working at Target in Niagara Falls NY, I know that this weekend we did double the sales we usually do. Almost like it was a holiday weekend, only it isnt. And 90% of the "guests" are Canadian. So no need to suppose, they are.
    • pizpot, on 10/10/2007, -2/+15We'd come, but we don't want to end up in Gitmo Bay without a lawyer. Last time I crossed the border in 2002, we had to park in a cement bunker while 5 guys in black armour with M16's looked at us, looked in the trunk, and waved us on as I was about to unpack everything for them. M16's! Locked alone with them in a cement bunker! Nice invitation.
    • Disinterested, on 10/10/2007, -0/+2dude u gotta give em a turn. it's only fair
    • Engival, on 10/10/2007, -3/+8One problem: American beer sucks. :)
    • snapcase, on 10/10/2007, -0/+1I live in MI too. Guess I should hang onto the bit of Canadian currency I have and exchange to USD after it gets a bit higher.

      Kinda sucks though, because it was nice going to Windsor Casino and spending half the money you'd have to in the Detroit casinos. Not to mention the cheaper beer and lower drinking age.

      Well if we want to make the USD more valuable then we should start burning currency. Decrease the number of printed dollars; increase the value of the remaining ones. All of our money is just credit anyway so it's not like it really makes a difference if we make our purely symbolic dollar worth more.
  • RevChris, on 10/10/2007, -3/+137At Wendy's in Canada a Jr burger is 1.29$ , in the US the same burger is .99$ .... now if only I could get them across the border in mass quantities I could make a fortune on the discrepancy
    • thcobbs, on 10/10/2007, -3/+1Depends on the store you go to.
    • Biznarie, on 10/10/2007, -6/+2HAHA, wendys is jackin us wtf!
    • fjc8, on 10/10/2007, -6/+1Prices are determined at least in part by the franchise. Of course, market or nationwide promotional prices will be the same almost every franchise, but other items can vary in price. Around here, prices sometimes vary from anywhere to $0.05-0.25 for McDonalds extra value meals, for example.

      Since McDonalds introduced gift cards, every location seems to have the same POS credit card terminal, but other chains don't have that convenience yet. There's a Taco Bell I make a habit of avoiding because they do not accept credit cards and charge a fee for debit card transactions, so franchise owners have a bit of freedom in the types of payment they accept and prices as well.
    • fjc8, on 10/10/2007, -0/+2Prices are determined at least in part by the franchise. Of course, market or nationwide promotional prices will be the same almost every franchise, but other items can vary in price. Around here, prices sometimes vary from anywhere to $0.05-0.25 for McDonalds extra value meals, for example.

      Since McDonalds introduced gift cards, every location seems to have the same POS credit card terminal, but other chains don't have that convenience yet. There's a Taco Bell I make a habit of avoiding because they do not accept credit cards and charge a fee for debit card transactions, so franchise owners have a bit of freedom in the types of payment they accept and prices as well.
    • Alex2, on 10/10/2007, -0/+3Wendys is discriminating against me!
      Lawsuit!
    • tpzoso, on 10/10/2007, -2/+11In Japan, its $2.69.
      • daxsymbiont, on 10/10/2007, -0/+1with japanese wages being 60x higher than anywhere else in the world it should be still cheap:P
    • moocow1452, on 10/10/2007, -1/+17"Hi, I'd like 1,000 Jr. Cheeseburgers."
      "Ok, $990, next window please."
      Mission accomplished.
      • dasdef, on 10/10/2007, -0/+9i would be ***** PISSED if i had to make that order.
      • m3mn0n, on 10/10/2007, -0/+2I worked at Wendy's as a teen... our grill could hold 25 max and half of that wasn't even cooked... haha
      • RevChris, on 10/10/2007, -0/+2Do you think the border police might have issue with my bringing thousands of hamburgers over the border in my Pontiac?
        Fox @ 11 : Canadian man arrested in burger terrorism plot, democrats weak on border security.
    • daizaru, on 10/10/2007, -1/+0Not only that but usually in the states the portions are bigger, or at least when it comes to the value meals etc.

      Same goes for a lot of things, and while I agree with other comments that the franchise sets the prices to an extent, it's also the competition and there is a acceptable standard that they might add or take away from slightly, but not a $0.30 difference. The same goes for most everything around here.

      Video games too cost about $10 more here, sometimes more. As well as a lot of things, hopefully things will change, or else I'll keep buying from the US and won't be helping the canadian economy any.
    • Switchnig, on 10/10/2007, -0/+7that is a delicious discrepancy
    • nevesis, on 10/10/2007, -0/+2I was just reading some article on investing that suggested one way to hedge yourself against the falling dollar is to invest in McDonalds.

      Funny.
    • gn0stik, on 10/10/2007, -0/+2Prices and participation may vary
    • ussoldier, on 10/10/2007, -3/+1canadian burgers are cheaper because percentage wise they use more moose meat
  • TehSwat, on 10/10/2007, -5/+146Companies better damn start changing Canadian prices to reflect American. I'm tired of paying 20% more on video games.
    • Biznarie, on 10/10/2007, -0/+8Me too, they pay 50 bucks we pay 60.
    • MasterInsan0, on 10/10/2007, -4/+14Why would they? Their making a TON of money off of you now. Not surprisingly, their profits went up about 20% =P.
      • fjc8, on 10/10/2007, -0/+8No, their revenue went up 20%.
      • bromac, on 10/10/2007, -3/+1Canada doesn't have the population to account for that 20% revenue boost.

        They might lower their prices to allow more sales volumes and make more money.
    • bean, on 10/10/2007, -0/+1OTOH, they may decide to compensate by raising prices in the US. So careful what you wish for. I think things will always be a bit more expensive here in Canada. When they're pricing something for the Canadian market they'll always add in x% of buffer to shield themselves from the CAN$ dropping. So all the accounting is done from a US$ perspective and when they convert the CAN sales figures back to US$ they don't want any surprises.
      eh?
    • gfair, on 10/10/2007, -1/+0Why don't you ask the company for a discount? Seriously, don't just look at the sticker price and assume that that's the price you pay. If you're a good customer, companies will not want to lose you.

      Also, shop around. Honestly, I'll buy out of province to get the PST off if I can still save on the shipping, which also means it comes to my door, which is all the more nicer.
    • tpzoso, on 10/10/2007, -0/+1EBAY!
    • tpzoso, on 10/10/2007, -0/+32 words, IMPORT FEES. Talk to your tax makers about that one bud.
      • MikedaSnipe, on 10/10/2007, -0/+0Idiot, they were that high before the dollar was that high. And not all games are made in america. And the ones that are doubtfully cost $10 in shipping.
      • da_bradler, on 10/10/2007, -0/+11 Word, NAFTA
    • da_bradler, on 10/10/2007, -0/+2Camera lens there is a huge problem with prices, lens are introduced and then rarely change in price over the years, but this results in a huge problem because lots of prices were set back around 2000 when the dollar was at 0.60$. So now certain lens will cost 900 in canada and 550 in the US. So everybody here just buys there lens off ebay or from American retailers which really hurts local camera stores who can't match the prices.
  • Shuk, on 11/02/2007, -17/+177Don't tase my dollars, bro!
    • Tenlow, on 10/10/2007, -8/+25that doesnt even make sense?
      • CannedMango, on 10/10/2007, -1/+29I'll clear up your confusion...

        That doesn't even make sense!!
      • tech42er, on 10/10/2007, -4/+3Yes it does.
      • holygram, on 10/10/2007, -0/+2I don't know when to use question marks either?
    • peaceninja, on 10/10/2007, -2/+0"you're the grease monkey" -David Puddy
      • EndersGame, on 10/10/2007, -1/+4In Soviet Russia, American Dollar is worth more than you.
    • nycmac247, on 10/10/2007, -0/+6predictable - but I still laughed - thanks.
    • Rapsting, on 10/10/2007, -1/+3If I could dig you twice, I would
    • jellystones, on 10/10/2007, -1/+3Can someone give me the context of this "Dont _______ me bro!". Ive been seeing it a lot here on digg.
      • Deodrus, on 10/10/2007, -0/+3youtube.
      • skyfire1, on 10/10/2007, -2/+1It became popular after some jackass on digg said it was popular. Lool.
  • jmgoody311, on 10/10/2007, -27/+11How aboot them apples!
    • bshellenberg, on 10/10/2007, -4/+13You know, I've lived in a lot of different parts of Canada, and I've never heard a single person say aboot. Where do you people get this stuff?
      • JohnnyMi25, on 10/10/2007, -0/+11the same place as the WMDs Sigh*
      • Alex2, on 10/10/2007, -0/+14They get it from South Park.
        • xister, on 10/10/2007, -2/+4Speaking of which- how DO you Canadians manage talking with the tops of your heads bobbling around like that?
      • Alex2, on 10/10/2007, -1/+3(double post because digg is laggy and the post button isn't responsive)
    • Disclaimer, on 10/10/2007, -0/+1They're cheeper in America!
      *cheaper
    • MikeCampo, on 10/10/2007, -1/+7Yeah I've never heard anyone say "aboot" - maybe a Newfie, but that doesn't mean the whole country sounds stupid.
      • ch4os1337, on 10/10/2007, -0/+1I can't even understand Newfies.. "umnga urms a werdear todobla blwref"
        • fifty50, on 10/10/2007, -0/+2I've only met a couple Newfies in my life. They'd both flown in to Toronto and I'd met them through a friend. One of them was completely understandable. The other sounded exactly like your above quote.
  • DCB360, on 04/11/2008, -9/+24We can just blame this on the housing market because that caused the Fed to lower the interest rates, which caused this to happen. Foreign investment will increase in America and inflation will stop. This is just an effect to prevent a housing recession.
    • AllYourBase3, on 10/10/2007, -17/+7no it's bush's fault. the diggers with no knowledge of the economy said so
      • yakmon, on 10/10/2007, -10/+5diddo. its all g-dub's fault... Raining outside? Its W! Sunny outside? Its W! LOL
    • unreg, on 10/10/2007, -2/+20Best thing the Feds could have done would have been to let the housing market collapse. As it is, we're now just propping it up until the underpinning economy has completely washed away.
      • techmaster, on 10/10/2007, -0/+13Exactly. Let the housing market collapse, so that once again we can buy a decent house for under $100,000. Houses are WAY overpriced now. And they're doing everything they can to continue that trend.
      • GMorgan, on 10/10/2007, -0/+8The housing market is insolvent. It simply isn't worth what it is selling for in the long term. It's the same problem the world over though, it's what happens when you allow the state to regulate a market too closely.

        Left to it's own devices the housing market would tumble and would eventually settle into a much lower variation than currently happens.

        The best solution is to abolish fractional reserve banking and ensure that credit expansion cannot create an artificially high supply of money.
        • RationalXubrnce, on 10/10/2007, -0/+2 I agree it all lies in the idea of fractional reserve banking. But how do you abolish that when the people who want it to continue can spend billions to keep the status quo? The bankers are the greatest force in the world, the whole West is subservient to thier interests.
    • jumbalia, on 10/10/2007, -0/+4It could be the housing market... or it could be the hundreds of billions of USD the fed is creating out of thin air to finance the war which increases supply and therefore devalues the dollar.
    • biotch, on 10/10/2007, -0/+1The housing market is just bouncing back to what it should of been before the fed lowered interest rates to record lows to try to jumpstart the economy after 9/11
      Bush's economy has always sucked, even with a record low interest rate it just crawled along at a slugs pace.
      Now that the Fed actually has interest rates back up, the artificially inflated economy is collapsing under its own flimsy support.
  • UtopiaInTheSky, on 10/10/2007, -19/+4It was 1.0013 a few days ago. Looks like the CAD is going down again?
  • Marnault, on 10/10/2007, -0/+29
    • Biznarie, on 10/10/2007, -1/+0Damn, i wish i waited to buy my new PC parts. Not smart on my part, i always have regrets when i buy something expensive lol
    • DangerCollie, on 10/10/2007, -0/+1Do you guys have a VAT up there? I know in England that's what always added to the cost of electronics and cameras. The hidden consumption tax.
      • rac3r5, on 10/10/2007, -0/+1here in BC, Canada we have 2 taxes called the GST and PST added on to the price of anything people buy. So we pay an additional 14% to the cost of goods. Not sure if they have added an electronic recycling fee to the price of goods as well.
      • Bamborzled, on 10/10/2007, -0/+2rac3r5: In BC we pay 13% on taxes, because the GST is now 6%. The provincial sales tax differs, and I think in Alberta it's much lower.
        • TrevorBradley, on 10/10/2007, -0/+1In Alberta the provincial tax is 0%.
  • JD52, on 10/10/2007, -54/+9"The Canadian Dollar is Officially Worth More than the American Dollar!"
    And still no one gives a *****.
    • Rikushix, on 10/10/2007, -1/+25Canadians do, you tool.
      • tech42er, on 10/10/2007, -15/+2How is that different than what he said? ;)
    • MikeCampo, on 10/10/2007, -3/+16Enjoy your collapsing economy you ignorant dick.
      • burtonbe, on 10/10/2007, -1/+1Just because he is being an ***** doesn't mean you should be one too. How about you take the high road and act a little more mature eh?
    • RainDrizzleFog, on 10/10/2007, -1/+8You are officially an idiot.
  • ReinMasamuri, on 10/10/2007, -35/+2Why is Canada's Dollar worth more only because the U.S.'s is falling?
    Canada's economy has been going nuts lately...
    P.S. In case you all forgot, the Democrats are in power atm. They hold two of the three branches of government.
    • bovox, on 10/10/2007, -5/+21Two of the three branches? Dude, you are a perfect example of the type of intellect that supports Bush.
    • sturat, on 10/10/2007, -1/+14As I recall, the Supreme Court has shifted to the right and suspiciously, there are signs that the White House may not be as liberal as everyone imagines that it is. Do you actually read the paper or, just listen to FOX news? Wake up!
      • bovox, on 10/10/2007, -1/+8I think this guy thinks that the House and Senate are separate branches. ROFL.
  • ronzigato, on 10/10/2007, -24/+5blame canada, blame canada
    • JohnnyMi25, on 10/10/2007, -10/+3HAHAHA
      • xister, on 10/10/2007, -4/+1Man- You Canadians can't take a joke- has this newfound monetary power gone to your heads already?

        http://en.wikipedia.org/wiki/Blame_Canada
        • SteelFrog, on 10/10/2007, -0/+3No, we're just sick of seeing the same ***** South Park crap every time an article on Canada emerges.

          1. Canada is a great place to live, despite what you americans think.
          2. Nobody says "aboot".
          3. Our beer is better than yours. Deal with it.

          *dusts hands*
        • accountname, on 10/10/2007, -0/+1We do say "about" differently - I know you don't notice it, that's why everyone *except* you always has an accent. Having better beer than the USA is hardly something to be proud of. Having better beer than the Germans or the Irish ... little different. No argument that its a nice country to live in.
  • GorfTron, on 10/10/2007, -8/+52Now they can buy more Kraft Dinner than ever!
    • CannedMango, on 10/10/2007, -3/+10More American Kraft dinner maybe... who wants that?
    • JohnnyMi25, on 10/10/2007, -1/+6What part of SUPERIOR Canadian Beer did you not understand? Jeeeeeze!
    • igraham09, on 10/10/2007, -0/+6Maybe now they can afford all the llamas, emus, dijon ketchups, and love they really want.
    • fifty50, on 10/10/2007, -0/+3dugg up for Barenaked Ladies reference.
  • bovox, on 10/10/2007, -5/+92My God. From the rate Bush is going, anyone want to take bets on when the Mexican Peso will be equal to the dollar?
    • tpzoso, on 10/10/2007, -1/+5Nope, that my friend loses value every day. Even with us throwing 12 Billion in Foreign Work their way. Havn;t you ever read about the constant reform Mexican currency is always under? There is a "New" type of peso nearly every year.
    • Graves138, on 10/10/2007, -3/+7At exact the second they all become the Amero.
  • Koldewyse, on 10/10/2007, -5/+19Things are falling apart, slowly but surely.
    • tpzoso, on 10/10/2007, -3/+7Because Canada's Economy has grown considerably, We are falling apart? I don't think so.
      • dasdef, on 10/10/2007, -1/+2no, because george dubya bush is still in power
    • Graves138, on 10/10/2007, -4/+3Less slowly, more surely.

      And it's not because Canadas Economy is growing, it's because ours is falling apart even though we are in a "War". War times are supposed to boost the economy not smother it.
    • Sneakernets, on 10/10/2007, -0/+1I think this is to KEEP things from falling apart...
    • n8dawg87, on 10/10/2007, -0/+1You do realize it's because of the sub prime mortage market fallout and not your crazy president...?
  • IceZZ, on 10/10/2007, -4/+32No, what caused this to happen is Bush dipping into the coffers and blowing 200 billion at a time each month on his wars and other plans. He has created more debt than you can shake a stick at, and the dollar is sinking like a rock because of it. When a country owes money to absolutely everyone, it kills the economy..
    • tpzoso, on 10/10/2007, -4/+9Most Digg users lack of Economic education sickens me. We don't owe money to everyone, currently our war bonds are held to China, about 8 Trillion worth. The cost of Iraq has fallen, a lot in the past year, and we are finally able to start "BUYING" our war bonds back, technically we are not "BORROWING", money from anyone. China's advantage in all of this is that they now play a fairly big role in our foreign policy, including import tax, etc. Thats were I think Bush, The Congress, and the Senate went wrong. Letting our foreign policy be manipulated by a communist country who we have always had outstanding grudges with. If your going to bash on someone, at least get your facts strait.
      • JohnnyMi25, on 10/10/2007, -2/+5Wow despite the widely cast insult to "most Digg Users" (which Includes myself) That was very Informative now If you'll excuse me Im gonna go post something on Rayleigh's Formula and Modal Frequencies so that I can ALSO hurl insults at people who are not of my vocation. Then I can be cool just like you.
    • gotomars, on 10/10/2007, -0/+3It's not just the government that has a debt problem, it's the whole country! Americans in general have more debt than anyone and that eventually affects the exchange rate too.
  • Rikushix, on 10/10/2007, -7/+64Being a Canadian, I still get defensive when Americans say "Oh, well, go figure, the American economy is in shambles right now." Well, yes, but you have to remember that Canada is an economic entity in itself; we aren't part of your economy, we have one of our own that's doing great.

    That said, I am REALLY tired of surcharges added on to Canadian-distributed products. If it's 29.99 versus 34.99 for a hardcover new release novel in Canada, think what it's like to buy a car here.
    • IceZZ, on 10/10/2007, -3/+5You always had heavy taxes and duties, that is part of the reason goods are so expensive in Canada. People just always attributed it to the relative dollar, when in fact it was a systemic problem. If the Canadian economy is so independent, why are Canadians complaining about costs now that the dollars are in parity? It makes no sense, other than it reveals the overcharging in Canada.
      • echinda, on 10/10/2007, -1/+6No - it reveals that Canadian retailers bought their US dollar valued goods 30-60-90+ days ago and had to buy US dollars then to purchase that inventory. They now have to turn around and sell those goods for enough $C to recoup the amount they had to spend for $US. Just because in the mean time $US got cheaper, doesn't mean they have been able to buy inventory at those cheaper prices yet. All that said - there is also a certain amount of gouging going on.

        As for the taxes and duties comment - you're aware that we are in a free trade area, correct? Our tariff walls have practically disappeared vis-a-vis the US. And I'm pretty sure our taxes are higher only on the income side (on average - marginal NYC income tax is higher than any Canadian jurisdiction, iirc) not on the manufacturing side.
        • TheMeatball, on 10/10/2007, -4/+2So you're saying in 30-60-90+ days all the prices will be even?

          Shut up.
    • expat001, on 10/10/2007, -3/+1give me a break. Man up!

    • MasterInsan0, on 10/10/2007, -2/+6Americans say "Oh, well, go figure, the American economy is in shambles right now" because we're talking about a comparison between the US dollar and the Canadian dollar. The Canadian dollar is worth more than the US dollar for two reasons: your economy is doing well and our economy is doing *****. When Americans talk about their dollar being worth less than yours, we're referencing the latter of the two reasons.
      • djripple, on 10/10/2007, -0/+1because americans tend to think about one thing.. themselves.
    • JohnnyMi25, on 10/10/2007, -2/+3they think were another state (haven't you seen Rick Mercer's Talking to Americans)
    • ThreeDee912, on 10/10/2007, -3/+2There's a difference because people still haven't updated their prices from when 1 CAD = ~1.25 USD.
    • techmaster, on 10/10/2007, -13/+2Yeah, yeah... Canada's pretty much the 51st state of the US...
      • tpzoso, on 10/10/2007, -4/+2Pretty much american's that cant be drafted. lol. that 7s show is great.
      • MikeCampo, on 10/10/2007, -0/+11Ha, I find it insulting to be considered apart of the US.
        • techmaster, on 10/10/2007, -3/+1We could always sell Canada to Mexico...what has Canada given us? Poutine?
      • Airjuggernaut, on 10/10/2007, -2/+6Yeah, fortunately the only state without dumb asses.
        • sleepwalkers, on 10/10/2007, -3/+2Really? Canada has no dumbasses what-so-ever?
          I find that hard to believe.
          • m3mn0n, on 10/10/2007, -1/+5Our dumb asses pass as brainiacs in the US.

            We may be even in currency, but the official dumb ass exchange rate is 1 CDA = 3 USDA
    • mrfunybuny, on 10/10/2007, -3/+1One of the main reasons the Canadian economy is doing so well is because it sells sooo much to America, especially Oil. So it's hard to see the two economies as completely separate or Canada as its own economic entity.
    • Hybred1234, on 10/10/2007, -1/+1It's the price you pay for colored money.
    • skyfire1, on 10/10/2007, -1/+2I thought everyone in Canada rides a horse.
  • catalysis, on 10/10/2007, -5/+14Exchange rates are not an economic war to have the highest priced currency. Deflation is actually worse than inflation and it is what caused the great depression. Be careful what you wish for.
    • bobburn, on 10/10/2007, -1/+7Wrong, what caused the great depression was rampant ill-advised speculation, investing on borrowed money (and the failure to repay that money), AND deflation.
      • trotskyist, on 10/10/2007, -1/+2You mean what people are doing now?

        ...
        *****.
      • trotskyist, on 10/10/2007, -1/+0You mean what people are doing now?

        ...
        *****.
    • Battleloser, on 10/10/2007, -1/+5Not a competition?

      So say the losers!
    • GMorgan, on 10/10/2007, -1/+4Banks lending out money they didn't have thus precipitating bank runs are what caused the great depression. The thing that kept it going was trying to resist bank runs rather than letting them run their course and supporting them as a reaction mechanism against bank abuse.

      Deflation is just an excuse that gets trotted out to cover the reality that the very thing that caused the problem is now central to our monetary system (but isn't as much of a problem since they can physically invent money out of thin air now).
    • patch6, on 10/10/2007, -0/+3Deflation causes a reduction in the cost of living, not some "worse than inflation" scenario that you are trying to imply. And the Great Depression was caused by a number of factors, but in large part it was due to a credit bubble that was maintained to "keep price stability", which was completely unnecessary on the Federal Reserve's part. If they had done nothing at all from 1913 to 1929, the Great Depression would not have occured.

      http://www.mises.org/rothbard/agd.pdf can give some insight on the matter.
  • havokzero, on 10/10/2007, -7/+28Sigh... this is so 22 hr 41 min ago.
  • derek20cali, on 10/10/2007, -6/+12Richard Berner, chief U.S. economist at Morgan Stanley, frets more about protectionism than about the falling greenback:

    I don't buy the dollar crisis scenario; instead, a softening economy, falling inflation, and policy easing are classic signals of a benign decline. While the dollar is hitting record lows, the pace of the dollar's decline has been measured, if relentless. And neither investor flows nor positioning seem to indicate sizable short dollar positions; if anything, investors have been surprised at how weak the dollar has been lately and seem to be playing catch-up.... [Yet] three risks worry me: First, the pace of the dollar decline could intensify, unsettling investors. Second, the combination of these developments may boost inflation expectations. Finally, in a weak economy, the threat of protectionism will escalate, which would push up inflation and undermine growth.

    And after surveying the American and European economies, economist Robert Brusca agrees: "It is fair to say that the U.S. is in state of repair and Europe is in a state of despair. So much for the fate of the poor dollar.... Dollar rules! Euro drools! Why? Because the dollar and U.S. economy can survive this sort of thing since IT IS A REAL RESERVE UNIT with all the trappings. The euro, sadly, is not."
    Source: http://biz.yahoo.com/usnews/070921/21_dont_sweat_t ...
    • GMorgan, on 10/10/2007, -0/+4The Dollar is just as baseless as all currencies out there. The Federal Reserve holds serious amounts of specie as stores of value but that isn't weighed against the currency. That's for the reserve itself to sell off for it's own ends. In any case, a serious transfer of specie to pay off the debts against the Dollar would quickly leave the reserve short.

      //edit - more than anything he is trying to give things a positive spin. Baseless currencies (as all currencies currently are) are ridiculously responsive to confidence.//
    • olduvai, on 10/10/2007, -1/+3The dollar has always been weak. It just took 34 years for everyone else to realize it.
    • citizen132, on 10/10/2007, -1/+1Who the hell is Robert Brusca? How does he expect anyone to take him seriously if part of his explanations is "Dollar rules! Euro drools!"? Looks like the U.S. News and World Report needs to get some new commentators.
      • Sneakernets, on 10/10/2007, -0/+2He's the Chief Economist at FAO Econ. One word from his mouth makes the stock markets do funny dances. Alan Greenspan can also make the stock market do funny dances, regardless if Bernanke took his place or not.

        These are the medicine men of our day.
    • jrodbeatbag, on 10/10/2007, -1/+2"IT IS A REAL RESERVE UNIT with all the trappings." I'm curious who said that. Don't believe the hype. The US dollar is based on nothing. It's pure fiction, not unlike the notion that your Federal Reserve is 1. Federal and 2. has any reserves to cover a call on your dollar. If the world looses confidence in the US Dollar comparing your currency to Canada will be the least of your worries.
    • chrisalm, on 10/10/2007, -0/+0drink kool-aid much?
  • expat001, on 10/10/2007, -21/+10Yeah but the soul of America is stronger than the that of the Canadians!

    /sarcasam
  • Floreum, on 10/10/2007, -0/+6It's good and bad at the same time.
  • redfox2600, on 10/10/2007, -14/+53Can we please stop turning every little bad thing into a propaganda statement against Bush. Yes he is not the best president, if you want him gone go write to your senators/reps and stop bitching about it. I had to sit though enough crappy government classes to know that he is not in full control so stop blaming him for everything already.

    Beside he is only a factor in what caused the USD to fall. If you want someone to blame, blame the guys on wall street for not having good risk management. Blame the people who are make next to nothing and still bought a $2 million home.

    Blame the people using the damned SUV and smuged Priuses and not finding a real solution to the oil crisis. (Yes the USD/CAD has a factor in oil prices)
    • exomni, on 10/10/2007, -12/+2You honestly think writing your senator is going to change anything?

      Public opinion hasn't meant jack-***** in politics for the past fourty years.
      • redfox2600, on 10/10/2007, -0/+8I rather have them bitch to their senators, someone who actually has control over this, than bitch on digg and turn ever story that has even a hint of bad news into a rant about Bush. He sucks I get it.
      • tpzoso, on 10/10/2007, -0/+2Writing to senators in the same volume people on digg comment on news articles would indeed have an impact, at least more than they have writing on digg. Seriously, what affect do you have blaming it all on one guy, on a place like digg, behind your computer, were you make no political statement other than bitchy little comments.
      • m3mn0n, on 10/10/2007, -0/+1If that was true you wouldn't have a Governator running "Calyfonya"
    • IceZZ, on 10/10/2007, -8/+3HA! What do you know? Bush clearly told everyone that HE is the "Decider" and he decides what happens. Or are you saying Bush was lying? Not the best president? Try more like the worst president. Or at least worse than Nixon.
      • Barkingshins, on 10/10/2007, -1/+4Blaming the President for all of our society's ills is the easy way out. Do you honestly believe that today's issues didn't exist before Bush came along and that they'll disappear once he's gone? If so, you're dreaming!
        Personally I believe that, at this point, you could put Mickey Mouse in the ***** White House and it wouldn't make a damn bit of difference! The American political system was bought and paid-for a loooong time ago.
    • JohnnyMi25, on 10/10/2007, -1/+4soooo we're (Canada) off the hook? LOL
    • tpzoso, on 10/10/2007, -1/+1I agree with you redfox2600.
    • patch6, on 10/10/2007, -0/+3How about blaming the central bank that pretty much forced the country off of hard currency?
  • jorgepblank, on 10/10/2007, -12/+43Nevermind, bury me ;(
    • KMartSheriff, on 10/10/2007, -4/+3I can play this game too. Nevermind, digg me up ;)
  • Specks, on 10/10/2007, -10/+3meh, its not worth more. Its on par.
  • noch, on 10/10/2007, -12/+4FTA(or i suppose link) 1 Canadian dollar = 1.0003 U.S. dollars

    kthxbia
    • cankillar, on 10/10/2007, -1/+9Not only did you spell 'kthxbai" wrong, you 'mirrored' a google page... why would you do that?
  • Icecream, on 10/10/2007, -1/+7Can some one please explain how this works, I live in Australia, at the moment the Australian dollar is worth 87 American cents. Not to bad, You can buy a Ps3 for $499 in America and $999rrp in Australia. How much does the PS3 cost in Canada?
  • gamerzedge, on 10/10/2007, -2/+5Canada's dollar will give and take a little compared to the US dollar but I see this trend continuing for a long time. The war over seas, natural disasters and of course old war debt and so forth is what is driving the US dollar to a stand still. Canada's dollar is rising faster than the US dollar decreasing.
    I am waiting for the new book prints to show the new market price so I am not stuck paying a 3rd more for the book than I have too.
  • gottadiggit, on 10/10/2007, -4/+40If the dollar collapses, Canada may have an illegal immigrant problem. Only for them it would be Americans.
    • MAGZine, on 04/22/2008, -0/+2We already do. There have been about 300 immigrants coming cross the Canadian border in about a week, claiming legal, refugee status. They filled the shelters and its going to take forever to get all of their cases dealt with.
      Can you just hurry up and build a bigass wall across the Mex/US border? ;)
    • Alex2, on 10/10/2007, -0/+5We already have fugitives coming here with guns.
    • hotspot102, on 10/10/2007, -0/+2See thats what im scared of, if the united states doesn't offer amnesty to the "illegals" an impose deportation. There will probably be a large influx of illegals hoppin the border into canada rather then being sent back to mexico.
    • e3boy, on 10/10/2007, -1/+7those dirty illegal American!
      they're tak'in our jobs!
      we need to build a fence!
      ...sounds familiar?
    • da_bradler, on 10/10/2007, -0/+5Good we could use from variety in our Immigrants, as it stands now the only people who immigrate to Canada seem to be Asians and there way better at school then us :'( we need you Americans to come over the boarder to start making us look smart again
  • Coy0te, on 10/10/2007, -0/+5This is good for us Aussies too. Takes buying games through steam for instance games that cost 100 retail here cost like 55 over steam after the conversion.
  • TheDHC, on 10/10/2007, -6/+26Cheaper American dollar = cheaper American goods for foreign countries = increase in buying of American goods = increase in Americana jobs that make stuff(manufacturing) = increase of money average American has = more jobs being created in the service industry = more goods/services being produced = less cost for goods/services
    • Graves138, on 10/10/2007, -6/+4Yeah, that's the way it's supposed to work. War is also supposed to boost the economy, and that's not happening. Trade unions and illegal immigrant workers are screwing with our economy badly.
    • tech42er, on 10/10/2007, -2/+8Yup. That's exactly what's China doing by keeping their currency artificially low.
    • Manitou, on 10/10/2007, -0/+9But isn't your manufacturing offshored?
      • seithon, on 10/10/2007, -0/+4Yeah.. thats one of the problems right there.. What exactly does america export that people buy? Seems everything these days is made in china, unless its something special in which case it might be made in the US or the EU
        • patho, on 10/10/2007, -0/+0Pretty sure we globally export democracy.
    • cruzlee, on 10/10/2007, -0/+3I'm trying to find an american company shipping electronics to europe. None will. Especially NewEgg would be cool. I would really pay gladly, but none of the big US based companies ship to EU (for a reasonable price that is). I'd love to buy a Cowon iAudio 7 there. It costs 169 euro (=$239) here. Maybe your government is forcing these companies to "stay indoors"? I could imagine them to gladly accept a new market, especially with the vacuum the low dollar created.

      If you know a company that does ship to EU, I'd love to know... (the easiest way to let me know: lookup cruzlee in last.fm, and send me a message there.)
    • Chubby51, on 10/10/2007, -0/+1Cheaper USA$= More Expensive inpots=fuel = more expensive production costs = more expensive USA made goods and sevices = less purchace of USA goods and sevices = more unemployment and or lower wages.

      One could go on. But it is Swings and Roundabouts.

      But this has being going on for a long time and all it really means is that the USA is not as rich as it once was compared to the rest of the world.
    • SdcZen, on 10/10/2007, -0/+0The problem is manufacturing is going overseas. The amount of American goods is relatively small unless you consider autos and that industry is in the tanks too. I guess military weapons will be the biggest export. It's a global economic shift. The USD is not only losing value, but other currencies are gaining in value.
  • Slammer64, on 10/10/2007, -3/+15One thing about a falling Dollar, it makes our goods cheaper overseas and overseas goods more expensive, sure way to correct the trade deficit.
    • fssnowboarder, on 10/10/2007, -2/+2That a way to be an optimist and see the glass as half full rather than half empty
      • tech42er, on 10/10/2007, -0/+3Can you please give me the half-empty version then? What is so bad about this?
        • TrevorBradley, on 10/10/2007, -2/+5Um... you don't produce anything and don't export any goods? Or you barely do.. your trade deficit is atrocious.
    • bovox, on 10/10/2007, -3/+6Have you forgotten that our manufacturing industry has been shipping overseas for years? We don't have much to ship overseas.
      • Petrov101, on 10/10/2007, -2/+263% of US 2006 exports were manufactured goods (Chemicals and pharmaceuticals mostly). Food was a close second. Electronics and metals were neck in neck. The US still has a solid manufacturing base. (source National Association of Manufacturers).
    • TrevorBradley, on 10/10/2007, -1/+6A reduced American dollar reduces your debt too. I'm sure your Chinese loan officers are very impressed!
    • rxbudian, on 10/10/2007, -0/+4Actually, US exports high tech goods and services that is slowly getting outsourced to other countries and imports trade goods that it's people cannot do without. That means there is a steady import of goods and a non steady export of goods (which actually goes to the high tech companies for their Intelectual Properties and not the people). So the US import will still be larger than the export and the people will still be poor.
  • fssnowboarder, on 10/10/2007, -17/+9We've been a dominant empire for some time now...surpassed all the others in history...it is our time to fall...that is why i'm getting my P.H.d. and moving to canada....face it they don't want you unless you are worthy and can contribute something to their country :)
    • 3Den, on 10/10/2007, -3/+0Surpassed all others? I think the romans were around for, err, two THOUSAND years?

  • T8erT0T, on 10/10/2007, -11/+17This just in. The Milton Bradley Monopoly dollar is worth more than the American dollar. Seriously, we freakin' suck now. Not to say Canada doesn't deserve its prosperity but us Americans have been in slump for the last 8 years and it sucks.
    • tpzoso, on 10/10/2007, -7/+1No! Our economy rose A LOT the first 3 years of Bushes Term. The war in Iraq is expensive yes, but we by no means do we "SUCK". Our wages are higher, Our estimated work productivity is HIGHER, and we don't need to work as many hours to gain a fair income, products are cheaper, etc, etc. I am proud to be an American, our Nation does, NOT SUCK, and your reference saying 8 years is 100% ignorant and I do hope you stop blaming, 1 MAN for all of the US economic problems. The real problems are in so many American taking out more loans then they can actually pay off. Why don't you go research a war bond. We aren't actually in debt because of Iraq. WE AS AMERICA, CAN SELL WAR BONDS, and slowly buy them back over LONG PERIODS OF TIME, and with our top of the economy ladder status, it won't ever be much of a problem for us, so long as taxes are paid and job positions remain.
  • Graves138, on 10/10/2007, -14/+16People need to realize that the value of our dollar is controlled by the Federal Reserve, a NON-GOVERNMENT entity. Since getting rid of the gold standard out currency is controlled by world bankers. The dollar is at an all time low so they can pump it out into the war economy at a low value so they can create MASSIVE DEBT. Then, once every American is poor as dirt, they will come out with their wonderful solution to make it all better - The Amero. They will unify us with Canada and Mexico just like Europe is unified in the European Union. The American and Canadian standards of living will drop to that of the average Mexican citizen. Our individual constitutions and liberties will disappear, and we will be one step closer to a completely centralized Government. Big brother is out there and he has his hand in your pocket.
    • MAGZine, on 04/22/2008, -0/+7I liked the first part, but I don't buy the Amero stuff.
      You can keep your 'poor as dirt' currency. ;)
    • halfhun, on 10/10/2007, -2/+12
      The majority of Americans don't even realize that the Federal Reserve is a Private-For-Profit Bank.
      • citizen132, on 10/10/2007, -4/+3That's because it's not. It is not the Fed's job to make money (yes, they do make some on their loans to banks but nowhere near the levels of the large Wall St. banks). The Fed's mandate is to: "to promote effectively the goals of maximum employment, stable prices, and moderate long-term interest rates". That's it.
        • halfhun, on 10/10/2007, -1/+4
          Well... you got that one quite wrong actually... you need to read a bit more. The Federal Reserve Bank was founded by Wall Street Industrialists back in 1913 ... read your history !
          Wikipedia link: http://en.wikipedia.org/wiki/Federal_reserve
        • rxbudian, on 10/10/2007, -1/+4halfhun is right. It is actually a trust of a few private companies that is sanctioned by the government. It is the biggest black box ever created in the world with the power to control almost all aspects of an American's life. The reason why the US dollar is slowly going down is because the Federal Reserves have been printing money regularly, thus reducing the value of the dollar.
        • SdcZen, on 10/10/2007, -1/+0The FED just printed and infused the market with 62 Billion in August. I can guarantee you that there wasn't "hard assets" backing that money. Inflating the money supply is driving the dollar down.
      • 3Den, on 10/10/2007, -0/+4Would you rather it was purely political, controlled by short-term elected officials?
        Wouldn't THAT be good...
    • pizpot, on 10/10/2007, -1/+3Except you forgot that in Canadian politics, "no news is good news" so it will take about 80 years of debate to do nothing except think about changing currencies. And then we will have a referendum and elections... it won't happen.
    • DeFex, on 10/10/2007, -0/+3thats not what happened in europe. people in england do not live like Latvian dirt farmers.
      • ghinch, on 10/10/2007, -0/+1england isn't on the euro, but your point is valid...
  • SquashMaster, on 10/10/2007, -2/+12If we're done with the sensationalist Bush bashing, hows about reading the following, which provides a much better explanation of the situation:

    http://www.theinvestornextdoor.net/2007/09/alberta ...
    • ninethirty, on 10/10/2007, -2/+1We're not, so shut the ***** up. Bush is a jackass, and he's partly responsible for the ***** dollar.
    • accountname, on 10/10/2007, -0/+1Of course Bush is responsible. His administration has scared or pissed off half the people on this planet. The economy does not happen in a vacuum. Money itself is basically a unit of human desire. If you worry enough people with your aggressive policies, they end up doing paranoid things like demanding you pay for their petrol in Euroes or investing in companies from countries they view are more stable.
  • Yatti420, on 10/10/2007, -1/+8Payphones from bell in Canada = - $0.50???
  • whtnoise, on 10/10/2007, -0/+6even more of a bummer this way: http://www.google.ca/search?hl=en&q=1+usd+in+cad&b ...
  • Sirsri, on 10/10/2007, -3/+4What does the success or failure of another relatively small country have to do with Bush? That the US dollar has imploded relative to the Yen, Euro, GBP and canadian dollar one can blame on bush, but just the Canadian dollar, no. Here in canada we're riding high far more on the rise of chinese industrailization and the price of oil being at 80 bucks a barrel, hence the canadian dollar has risen against the Euro quite a bit as well as relative to the USD.

    Though really, why is the downward US dollar bad for the US exactly? There's a massive trade deficit with the rest of the world, including a trade deficit with Canada, a reduced US dollar means cheaper goods from the yankees, which means a reduced deficit, the free market at it's finest, if it weren't for those anti competitive bastards in communist china indexing the Yuan to the USD.
  • relaxarchie, on 10/10/2007, -0/+10I'd love to see some price parity here..... I'm interested in purchacing a new car in the next year. most of the cars I'm interested in are almost 10,000 in the difference between American and Canadian pricing.
    • MrSteamTank, on 10/10/2007, -0/+5Yeah it's really oturageous. The Toyota FJ Cruiser(a car I'm actually interested in buying) is 22,500 in the United States and over 33,000 in Canada(once you include the freight charge)! This is obviously excluding the higher Canadian tax as well. Absolutely ridiculous!
  • wiredmax, on 10/10/2007, -0/+2A good and a bad thing for us Canadians... Bad for the exportations in general... but good for tourism accross the border and my bids on ebay :P
    • Funpolice2050, on 10/10/2007, -0/+0Ebay is slow in updating their exchange rate.
  • Psythik, on 10/10/2007, -11/+8Buried for the comment about Bush.

    It's about time that people stop being ignorant and realize that the president isn't the only cause of all the problems of the United States.
  • tpzoso, on 10/10/2007, -13/+4Lol reminds me of south park, BLAME CANADA!
    • accountname, on 10/10/2007, -0/+2Heh, that's awesome. You know so much about Canadians.
  • Zbrahead91, on 10/10/2007, -4/+12epic win for canada
  • HappyScrappy, on 10/10/2007, -6/+2I just checked the up to date conversion, a US dollar is worth slightly more right now (1.00140 CAD).

    Either way, it's basically a tie (at the moment), the headline is pretty misleading.
    • SlimFastForYou, on 10/10/2007, -0/+2Not really, CAD used to be worth a lot less compared to USD. This is the result of a trend!
  • BradMW, on 10/10/2007, -7/+11I have an idea. Let's turn EVERYTHING into something negative about the country, even when we have no idea about the implications.
  • Sithseth, on 10/10/2007, -14/+3So what, our American dollar means less now? Regardless of that fact, America still has the most nukes, and the worlds greatest army. And also, my candy bars are still less then a dollar, and that's how I like it.

    Ron Paul 2008! He will make us... stronger(?) again!
    • pizpot, on 10/10/2007, -1/+1didn't you know Bush sold the nukes to china? ;-)
    • seithon, on 10/10/2007, -1/+3Yeah great army, pity that if you wanted to you know, do anything you'd have to somehow get them out of the two large combat zones you've allready got em in. And talk about nukes is pointles because it allways comes down to MAD.
      And who really cares about candy ?:P
    • mattx, on 10/10/2007, -1/+3yup the greatest army in the world...

      thats only if you count friendly-fire kills too
    • Annibal, on 10/10/2007, -0/+2i'm sure you tomorrow will eat your nukes and your army
  • xixor, on 10/10/2007, -1/+5Even though the dollar is cheaper, the price of many things like gas and cars, liquor, cigarettes and lots of processed foods are still cheaper in the US than in Canada.
    • onionoino, on 10/10/2007, -0/+1All the more reason for me to go to buffalo to do my shopping
      • Ebacherville, on 10/10/2007, -0/+1Yeah but all the stuff thats imported is more expensive, in the last week I saw a 12% rise.. yes $.12 in every dollar .. this is on normal stuff we buy.. if this keeps up there aint going to be much for you to come down to, well all be on welfare and in government camps for people that could not afford there homes etc..

        You have to realize USA became a consuming nation not a producing nation.. and allot of stuff is imported..even American brands like Chevy are imported now..
    • babystars232, on 10/10/2007, -0/+0i totally agree!
  • richmomz, on 10/10/2007, -0/+1The dollar has been in a free-fall since we invaded Iraq - it has lost more than 30% of its value compared to gold, the Euro, and other foreign currencies.

    People that think this is a good thing because "it will make our exports more competitive" are idiots. What the hell does America export anymore? Normal working people are going to be screwed because imports (read: the crap you buy from Wal-Mart every week) are going to get much more expensive while our salary doesn't change. And all those people that saved money for retirement? - ha, I hope you enjoy eating ramen noodles. The only good thing about the dollar's runaway inflation rate is that it makes our massive deficit a little easier to pay off. Of course, nobody is going to lend us money since the rate of inflation exceeds the interest they make on their investment.

    In other words, our "fiat" currency system is crap and we are only beginning to see the consequences of it.
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