Aces High Bulletin Board

General Forums => The O' Club => Topic started by: wetrat on September 28, 2007, 06:48:51 PM

Title: Loonie closes above parity
Post by: wetrat on September 28, 2007, 06:48:51 PM

http://www.cbc.ca/money/story/2007/09/28/loonie.html?ref=rss

Quote

According to Bank of Canada data, the loonie closed at $1.0052 US, up two-thirds of a cent from Thursday's close.

Expressed another way, it means that a U.S. dollar is now worth a little less than 99.5 cents in Canadian money.

:noid

Bad for Canadian business, but I think I may cross the border to do some shopping.

Title: Loonie closes above parity
Post by: Reschke on September 28, 2007, 11:05:37 PM

Hey that just means I can sell more pipeline systems in Canada now and request to be paid in Canadian which means I will end up with more USD.

Title: Loonie closes above parity
Post by: RTR on September 28, 2007, 11:34:33 PM

heh. sure Reschke, we'll pay ya $0.95 CDN for every US greenback its worth  .

Seriously though, I don't know wat's going to happen with the dollar. It's nice to be at par though (I remember seeing it as low as $0.63 US for $1.00 CDN...that was pretty depressing up here, ty very much liberal Governments).

cheers,
RTR