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Old 09-18-2007, 11:54 PM   #1
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Canadian and US dollar at par

Canadians have waited 30 years for this and it's finally about to happen. The Loonie having parity with the US dollar. In fact it might even go higher and be worth more than the greenback.

OTTAWA (AFP) — The Canadian dollar reached a 30-year high Tuesday, nearing parity with the US greenback after the US Federal Reserve cut its key interest rate.

The loonie closed at 0.9864 US dollars, after touching 0.9874 US in the day's trading, its highest level since January 1977, according to the Bank of Canada.

One US dollar would thus buy 1.0138 Canadian dollars.

Following a week of gains in anticipation of a US interest rate cut and record oil prices, the surge came after the US Federal Reserve reduced its key lending rate by half a point to 4.75 per cent. The US paring was double the quarter point economists had expected.

Analysts now say the Canadian dollar could reach parity with the US dollar in the coming days or weeks, already up 13.9 percent this year against the greenback. In the past half decade, the loonie was highest in August 1957, at 1.0613 US, and lowest in January 2002, at 0.6202 US.


XE.com currency conversion rates -

1.00 USD = 1.00956 CAD

1 USD = 1.00956 CAD
1 CAD = 0.990528 USD
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Old 09-18-2007, 11:55 PM   #2
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Shopping in the US is so incredibly cheap for us. It goes to show how for years we have overpaid ridiculously for the exact same items that Americans were buying for 1/3 less. It's a bonanza to go down south these days!
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Old 09-18-2007, 11:58 PM   #3
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$ for $

Not good for business, but good for me
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Old 09-19-2007, 12:02 AM   #4
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arg, dammit! I am going up to Canada next week and was soooo looking forward to the excellent exchange rate.
Thank god, work is paying for everything and I don't have to worry about the prices.
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Old 09-19-2007, 12:17 AM   #5
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You call your dollars loonies?

How come every country in the world other than the US seems to have a sense of humour?
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Old 09-19-2007, 12:24 AM   #6
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Quote:
Originally posted by indra
You call your dollars loonies?

How come every country in the world other than the US seems to have a sense of humour?
It has a loon on it.

The $2 coin is a toonie.
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Old 09-19-2007, 12:43 AM   #7
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Quote:
Originally posted by anitram


It has a loon on it.

The $2 coin is a toonie.
Even better!
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Old 09-19-2007, 12:46 AM   #8
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Quote:
Originally posted by anitram


It has a loon on it.

The $2 coin is a toonie.


Rick always has trouble remembering that and calls them "one-ies" and "two-ies"
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Old 09-19-2007, 12:49 AM   #9
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Canada has become crazy expensive for those of us south of the border! I can remember when I could get about $1.50 Canadian for an American dollar. Those were the days!
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Old 09-19-2007, 01:05 AM   #10
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gotta love the bush years
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Old 09-19-2007, 03:17 AM   #11
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I hate the god damned price of the dollar. A year ago I considered putting a couple thousand into Euros and didn't - I'm kicking myself for that one. God damn it. First the pound goes above 2$ and now Canada catches up? I can't wait to blow this country and start earning a currency that's worth something.

BUSHasdio;fio493090fiju09 t49 fdsasshole.
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Old 09-19-2007, 01:13 PM   #12
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I for one am happy about this

I was getting sick of the Canadian Quarter jokes...
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Old 09-19-2007, 01:38 PM   #13
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Quote:
Originally posted by elevated_u2_fan
I was getting sick of the Canadian Quarter jokes...


we always refered to it as the "Canadian Peso."
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Old 09-19-2007, 01:43 PM   #14
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Quote:
Originally posted by SeattleVertigo
Canada has become crazy expensive for those of us south of the border! I can remember when I could get about $1.50 Canadian for an American dollar. Those were the days!
Gone are the days of getting a really nice hotel room in Canada for less than $100US

And I loved taking out $100 from a Canadian ATM and seeing it as $72-$75 on my bank statement later
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Old 09-19-2007, 07:06 PM   #15
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The new passport requirements are gonna kill travel from the U.S. to Canada. Such a low percentage of Americans even have passports.

The Seattle-Vancouver border crossing is about to get very bad too, because they're closing several lanes in order to do some renovations and new construction in advance of the Vancouver winter games.
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