Pliny Posted May 11, 2013 Report Posted May 11, 2013 (edited) http://www.theglobeandmail.com/report-on-business/economy/economy-lab/canadian-dollar-to-sink-to-90-cents-by-2014-td/article11813370/ Apparently, the era of super-commodities is over and will bring the Canadian dollar down to $.90 China's demand for commodities is declining as its economic growth slows so countries that are resource based will see their currencies lose value. In light of how much the US is pumping dollars out can this be a logical conclusion? Edited May 11, 2013 by Pliny Quote I want to be in the class that ensures the classless society remains classless.
Argus Posted May 11, 2013 Report Posted May 11, 2013 I remember when it was around $.60, and I'd dearly like to see it return to that. Quote "A liberal is someone who claims to be open to all points of view — and then is surprised and offended to find there are other points of view.” William F Buckley
TimG Posted May 11, 2013 Report Posted May 11, 2013 The one thing is certain: pundits are mostly wrong. Especially when to comes to predicting currency moves. Quote
Bryan Posted May 11, 2013 Report Posted May 11, 2013 I hope it drops lower than that too. The strong CDN Dollar is great when shopping in the US, but bad when getting paid in US funds. All of my clients are in the US, and all of my pricing is in US funds. I miss the days when I could charge less than my competition, yet actually end up with more after exchange. Quote
Pliny Posted May 13, 2013 Author Report Posted May 13, 2013 I hope it drops lower than that too. The strong CDN Dollar is great when shopping in the US, but bad when getting paid in US funds. All of my clients are in the US, and all of my pricing is in US funds. I miss the days when I could charge less than my competition, yet actually end up with more after exchange. Wouldn't you say that was a "privilege" afforded you by Governmental monetary policy? Is it fair? Quote I want to be in the class that ensures the classless society remains classless.
Pliny Posted May 13, 2013 Author Report Posted May 13, 2013 The one thing is certain: pundits are mostly wrong. Especially when to comes to predicting currency moves. Looks to me to be wrong and I can't see why a statement like that would be made. Maybe just to see the effect it creates, obviously a self-prophesying one that may drive a bit of a loss to the Cdn dollar. Quote I want to be in the class that ensures the classless society remains classless.
Pliny Posted June 13, 2013 Author Report Posted June 13, 2013 Tim is right so far. Dollar is heading up and gone over $.98. There is still time for the head of the TD bank to be right though. According to the article, by early next year it should be 90 cents. Quote I want to be in the class that ensures the classless society remains classless.
cybercoma Posted June 13, 2013 Report Posted June 13, 2013 I remember when it was around $.60, and I'd dearly like to see it return to that. I remember when it cost that much for a litre of gas... Quote
Bryan Posted June 14, 2013 Report Posted June 14, 2013 I remember when it cost that much for a litre of gas... You young pups don't know nothin'. When I started driving, it was 30c/litre! Quote
Pliny Posted June 14, 2013 Author Report Posted June 14, 2013 (edited) You young pups don't know nothin'. When I started driving, it was 30c/litre! I remember when it was 25 cents/imperial gallon. I think "gallon" is what you meant. We changed to the metric system in the seventies. Edited June 14, 2013 by Pliny Quote I want to be in the class that ensures the classless society remains classless.
Pliny Posted June 21, 2013 Author Report Posted June 21, 2013 (edited) It's sinking. Down to $.964 The markets fell sharply on Bernanke's words of slowing bond buying, or for others slowing quantitative easing, or for others slowing the printing presses, or for others creating less money out of thin air. Edited July 5, 2013 by Pliny Quote I want to be in the class that ensures the classless society remains classless.
Pliny Posted July 5, 2013 Author Report Posted July 5, 2013 Under .95 cents and showing no signs of coming back. Is the TD banker right? Is .90 cents inevitable? I still don't think so. Quote I want to be in the class that ensures the classless society remains classless.
Pliny Posted July 12, 2013 Author Report Posted July 12, 2013 The head of the CIBC is now saying that the dollar should be at par by the end of the year. Is there a conflict? What happened to the low demand for resources and commodities? Is that going to pick up? http://www.cbc.ca/news/business/story/2013/07/08/business-loonie-cibc.html Quote I want to be in the class that ensures the classless society remains classless.
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