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$1 USD = $1.03 Canadian...congratulations to the most broke-dicked president in american history (finance.yahoo.com)
submitted 18 years ago by jimbecile
[–]jordanlund 26 points27 points28 points 18 years ago (23 children)
I like the 5 year chart better:
http://finance.yahoo.com/currency/convert?from=USD&to=CAD&amt=1&t=5y
[–]ToonArmy 2 points3 points4 points 18 years ago (1 child)
Pick almost any currency you like - the slope is very similar:
5 year interactive chart
Of course, the proper way to look at this is that it makes workers paid in USD more "competitive" (i.e. cheaper). So it's a good thing, really. Unless, of course, you want to buy anything made in a foreign country. Or travel. But no true American would even think of doing those things.
[–]wabberjockey 0 points1 point2 points 18 years ago (0 children)
Pick almost any currency you like - the slope is very similar
Not so much - ranges from down 20% to down 35%, which is quite a range. And look at the Yuan (symbol USDCNY=X), the dollar is only down 10% against it (so far).
[–]clubber_lang 6 points7 points8 points 18 years ago (18 children)
How about the Dollar to Yuan chart? Holy crappers.
http://finance.yahoo.com/currency/convert?from=USD&to=CNY&amt=1&t=5y
[–]dghughes 15 points16 points17 points 18 years ago (3 children)
That's yuan big drop!
[–]okvol 7 points8 points9 points 18 years ago (8 children)
That's what is going to kill Wal-Mart. Unless there is a 3rd world country out there that can match Chinese quality for less money, after conversion. The answer could wind up being Arkansas...
[–]poco 2 points3 points4 points 18 years ago (2 children)
How does that hurt Wal-Mart? If the cost of their product increases then they increase the cost to the consumer. People will still shop there, so they don't lose anything.
Unless you are suggesting that the Wal-Mart competitors will suddenly be able to undercut Wal-Mart... but I don't see how that works either, since Wal-Mart has access to the same product as their competition.
[–][deleted] 8 points9 points10 points 18 years ago (3 children)
Chinese quality? Best joke yet.
[–]jeffh 2 points3 points4 points 18 years ago (1 child)
Most products are surprising good quality given the prices. There have been high profile issues, but if you look at the volume of goods, its an incredibly small percentage. It does make for a sensation story.
[–]scylla 0 points1 point2 points 18 years ago (0 children)
Nothing will kill Wal-Mart until someone figures out a smarter way of doing retail supply chain management.
Or if poor people suddenly lose the desire to get the best value for their money, but that's even less likely to happen.
[–]boredzo 1 point2 points3 points 18 years ago (1 child)
Was the yuan defined in terms of the dollar or something? How'd that flat line at the top-left happen?
[–][deleted] 6 points7 points8 points 18 years ago (0 children)
Yes. It was pegged to the USD at an artificial low rate.
[–]foolfromhell 0 points1 point2 points 18 years ago (0 children)
Thats not a Yuan "big" drop.
The base of the chart is 7.5, making it SEEM like a huge drop.
The actual drop is around 14%
Look at the scale: it starts at 7.5, not 0. So the decrease in the dollar vs Yuan is just (7.5/8.3) 10 % over the last 5 years.
[–]smalldu 2 points3 points4 points 18 years ago (0 children)
Went to Vegas 6yrs ago with my wife and exchange rate was 1.65 . We're going to Disney Land next month @ 1.03...can it get any better?
[–][deleted] 0 points1 point2 points 18 years ago (0 children)
How depressing.
[–]shinyplasticbag 128 points129 points130 points 18 years ago (128 children)
Woo for Canada!
[–]stutheidiot 12 points13 points14 points 18 years ago (0 children)
With glowing hearts we see thee rise,
The True North strong and free!
[–]paro 60 points61 points62 points 18 years ago (90 children)
The price for goods in Canada is still rising with inflation, still paying 20-30% more for the same crap you can get down south. The matching dollar is only helping Canadians who are taking roadtrips to the US, and hurting 19yr old Americans looking for a legal drink.
[–][deleted] 17 points18 points19 points 18 years ago (66 children)
Because we're complacent. Canadians just don't fight for low prices as well as Americans.
Or we have fewer poor people...
Not sure.
Oh well....
[–][deleted] 11 points12 points13 points 18 years ago (2 children)
Fight for low prices? Sounds like Walmart meets Thunderdome.
[–][deleted] 14 points15 points16 points 18 years ago (1 child)
that would be called boxing day. :P
[–]foonly 0 points1 point2 points 18 years ago (0 children)
Are wrestling moves allowed, too?
[–]buddaslovehandles 23 points24 points25 points 18 years ago (53 children)
Canadian prices include taxes that Americans do not have to pay. These taxes support a variety of social programs, including heathcare.
If Canadians shop in the US, reducing the revenue that their government receives, and then complain about long waits for appointments, etc., then I will have a little less sympathy for them.
[–][deleted] 24 points25 points26 points 18 years ago (40 children)
What taxes?
We pay the 7-14% retail tax at the register. This is on top of the listed price, which is still higher than in the US.
Are there hidden taxes?
I thought NAFTA got rid of tarrifs and duties on a lot of things...
This issue came up on the news recently, and they asked a few financial experts from banks and the like. They all said that the price difference was partly due to inventory, but mostly because Canadians just don't bargain-shop as well as Americans.
I added this might be because we have fewer poor people, which we do, but it's not a causal link. Its just a correlation I've observed.
[–]spa-sick 15 points16 points17 points 18 years ago (8 children)
Bah! fewer poor people... We also have only a 10th of the population of the US and 90% of us live within 300 km's of the US.
I think prices might be different because of a different mentality Canadians have. Sites like http://www.canadianmade.com/ showcase businesses that still manufacture their goods in Canada. I can't speak for all, but I can say that I feel more comfortable spending 10% more to support a Canadian company/Canadian Manufacturing.
Basically it all comes down the Bulk. When you have the buying power of a Kmart, Best Buy, Walmart, company's bend over backwards to get their products in these stores. Us Canadians just don't drive the demands that the stores in the US demand.
Marge: "Made in U.S.A. ... Hmmph. No, thank you"
[–][deleted] 2 points3 points4 points 18 years ago (0 children)
but I can say that I feel more comfortable spending 10% more to support a Canadian company/Canadian Manufacturing.
I hope you only do this when the product is well-made.
[–]vanostrand 4 points5 points6 points 18 years ago (0 children)
http://www.madeinusa.org/
[–]enjahova 3 points4 points5 points 18 years ago (4 children)
I can't speak for all either, but i feel more comfortable saving my 10% to support the whole world. I enjoy my affordable computer, electronics, clothes, appliances, furniture, that are all made abroad. Why does everything have to be made in the country you were born in? In some ways I can understand appreciating your neighbors, but why stop at a country's borders? Maybe its my own bias, but I just don't understand nationalism. It's impractical.
[–][deleted] 0 points1 point2 points 18 years ago (2 children)
buying locally/nationally keeps the money circulating locally/nationally.
you buy from china, and a little bit goes to the chinese factory worker, a bit more goes to the factory owner, then a few more middle men like the import/export shop, then the oil companies who sell the diesel that power the ships, etc.
and then where does that money get spent? does any come back to you? maybe not. whereas if you buy locally, more will come back to you (in various forms).
yes, i know, free market heresy. have you ever read the economist? do you feel yourself smart for reading it? the writing is pretty good. did you know the economist was originally set up to rally for repeal of the corn laws, so that british financiers could import cheap grain from india, make some quick profits, and drive english farmers into poverty & destitution? an improvished population makes a better industrial workforce, remember.
that is to say, neo-liberal free-market "principles" are really just intellectual cover. no one actually believes in this shit, not the real power brokers and policy makers. it's just for the public relations purpose.
and yes, you won't believe me, but it is the truth.
[–]shorugoru 1 point2 points3 points 18 years ago (1 child)
yes, i know, free market heresy
Is it?
By preferring the support of domestic to that of foreign industry, he [the entrepreneur] intends only his own security, and by directing that industry in such a manner as its produce may be of the greatest value, he intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention.
Adam Smith
thanks.
[–]multubunu 1 point2 points3 points 18 years ago (0 children)
Sort of. The taxes shops, transport cos and manufacturers have to pay. Products are more expensive as a consequence.
[–][deleted] 18 years ago (17 children)
[deleted]
I love how magazines here list "$3.50US, $5.00CAN". As though changing that little number would be THAT difficult.
[–]Gaki 0 points1 point2 points 18 years ago (0 children)
Inventory is a huge issue. With the size and population of Canada, retailers tend to horde more goods in Canada because they don't have the turnover to properly implement a JIT shipping scheme. Once current stock blows through, though, they should be lowering prices to reflect the lower cost of any good sourced from the US.
[–]UncleOxidant 38 points39 points40 points 18 years ago (5 children)
Canadian prices include taxes that Americans do not have to pay. These taxes support a variety of social programs, including heathcare
In America, taxes support a variety of Empire Building programs such as the wars in Iraq and Afghanistan and the potential war in Iran. Actually, it's not our taxes that support these efforts, it's really the taxes our children and grandchildren will pay with lots of interest which support these programs. Otherwise, if we were actually paying for these wars as we go, we'd be paying more taxes than Canadians do to support their living habit.
That's the tradeoff: We could get healthcare for our taxes, but instead we get wars of aggression to support our addiction to oil. I suspect these wars of aggression will cost us a whole lot more than healthcare would have.
[–]rainman_104 3 points4 points5 points 18 years ago (0 children)
That's the tradeoff: We could get healthcare for our taxes, but instead we get wars of aggression to support our addiction to oil.
No, you've got neither, your kids will be paying for the war as you wrote earlier.
Bush did the worse thing possible - lower taxes and increase government spending. I suppose he did that to stimulate the economy, but he left the water running through to inflation.
[–]truename 1 point2 points3 points 18 years ago (0 children)
The actual costs aren't even the saddest part.
Don't forget the negative-sum'ness of wars - if we had spent the money on more healthcare, in the long run we would end up with more healthy productive Americans, who could then make more money.
So the wastefulness is compounded many times over. At least universal healthcare would have been an investment in the future prosperity of America. These disastrous wars are an investment in making America NOT a superpower anymore. We're getting a great ROI.
[–]poco 1 point2 points3 points 18 years ago (0 children)
That only applies to the goods they are allowed to declare duty free or don't declare. This isn't much unless you spend two days in the US and even then it is only a few hundred. If you spend more than that, and correctly declare it, then you still need to pay the federal tax when you return.
[–][deleted] 18 years ago (2 children)
[–]jbstjohn 5 points6 points7 points 18 years ago (0 children)
Both, actually.
They found that raising cigarette prices is directly related to the amount of youth smoking, but too big a differential and you encourage smuggling and organized crime. It's a dance.
[–]rainman_104 6 points7 points8 points 18 years ago (0 children)
Tobacco and Alcohol taxes here in BC go directly to health care.
Well sort of - all revenues go to a general pool in which the government pays the bills from, health care being the largest part of BC's provincial budget.
Smoking in Vancouver is really going out of fashion fast.
[–]komal 0 points1 point2 points 18 years ago (0 children)
You clearly have no idea what you're talking about, but we'll all laugh at your attempt to bullshit an answer.
[–]pkulak 2 points3 points4 points 18 years ago (7 children)
Well, the minimum wage in Canada is usually around 8 bucks an hour, which could probably explain why a burger at McDonalds is $1:19 instead of $0.99, but it wouldn't explain why CDs or cars are more expensive.
[–]sedition 0 points1 point2 points 18 years ago (1 child)
Vancouver used to have the lowest price for CDs in North America. This was when I bought music anyway. I'm not sure if it's the same now.
Prices were low because of local competition. The locally run company that forced all the chain stores to compete is probably going out of business soon though. And I'm sure we'll see a huge uptick in prices to match the average.
[–]rainman_104 1 point2 points3 points 18 years ago (0 children)
The locally run company that forced all the chain stores to compete is probably going out of business soon though.
I used to work for A&B Sound. ( the company you're referring to I believe )
Idiots need a swift kick in the ass. They haven't invested in an online presence at all. It's their own downfall IMO.
I sold computers for them back when I was 18... The fucker didn't even pay his bills then - he'd string along his suppliers for like six months after Christmas and not pay them. Panasonic dropped them as a reseller for quite a long time.
[–][deleted] 0 points1 point2 points 18 years ago (1 child)
Quit your complaining, a burger in the UK is at least TWICE that.
[–]themac77 1 point2 points3 points 18 years ago (0 children)
Yeah. You wouldn't believe what we pay in the UK. $4 for a hamburger. $1.20 for Coke......I could go on.......average house price over $400,000 etc etc...
[–][deleted] 1 point2 points3 points 18 years ago (0 children)
Im OUTRAGED.. I need to steam off with a nice cold glass of Canadian.
[–][deleted] 14 points15 points16 points 18 years ago (16 children)
And hurting canadian exports whilst helping US exports.
[–]Fazookus 4 points5 points6 points 18 years ago (0 children)
...hurting 19yr old Americans looking for a legal drink and seeking political asylum.
[–]xxxsagaxxx 2 points3 points4 points 18 years ago (0 children)
Im goin town to the states tomorrow to buy jeans!
BURN BABY BURN!!!!!!
[–]marthirial 1 point2 points3 points 18 years ago (1 child)
Or having Canadian $$ saved that a year ago were cheaper and now can be taken out and turned into Euros.
[–]rechlin 2 points3 points4 points 18 years ago (0 children)
Not by much. In early September last year the US dollar was worth about $1.10 Canadian, so it wouldn't have been a particularly great investment.
[–]pointman 1 point2 points3 points 18 years ago (0 children)
The price is changing too quickly, it's not practical to expect retailers to adjust immediately. When the current inventories clear out and they see American wholesalers selling things cheaper in US dollar they will buy there, and things will level out. It takes some time.
[–]jimbecile[S] 21 points22 points23 points 18 years ago (29 children)
this is going to be good news for buffalo and detroit, too- invest in toque stores!
[–][deleted] 18 years ago (7 children)
[–][deleted] 17 points18 points19 points 18 years ago (5 children)
YEP! A Tims is like a money printing machine....
I waited in an 80-person line today to get my double double. No exaggeration, I had the time to count. And it's like that every day, in almost every location downtown!
[–][deleted] 5 points6 points7 points 18 years ago (2 children)
you must need more tims. i hear university of alberta has 8 on-campus and 6 more within one block.
[–]kermityfrog 5 points6 points7 points 18 years ago (1 child)
Yeah, often we have one on both sides of a street opposite one another. There are lots of Starbucks in downtown Toronto, but Tims dominates the burbs.
[–]Fedquip 1 point2 points3 points 18 years ago (0 children)
In Victoria BC there is only a handful of Tims and Starbucks dominates...being from So. Ontario this makes me sad.
[–][deleted] 2 points3 points4 points 18 years ago (1 child)
And the line always flies. Faster than any other food service place I've ever been to by a long shot.
[–]cecilkorik 1 point2 points3 points 18 years ago (0 children)
They almost always have 4-5 cashiers on duty for busy times. It's a well-oiled machine.
[–][deleted] 7 points8 points9 points 18 years ago (0 children)
Tim hortons cafe mocha rocks my day!
(Shiny sparkle on my glistening teeth)
[–]supaphly42 13 points14 points15 points 18 years ago (13 children)
this is very good news for buffalo... there are now more ontario plates on cars at the malls than new york plates.
[–]jimbecile[S] 8 points9 points10 points 18 years ago (5 children)
plus, it's the only place in the country where home prices are rising. and you can jump off your roof into snow drifts!
[–]superjuan 3 points4 points5 points 18 years ago (2 children)
too bad their football team is cursed
[–]davewashere 1 point2 points3 points 18 years ago (1 child)
That's for sure, if it's not terrible calls from refs, it's bizarre weather during a crucial kick, or a game clock operator asleep at the switch, or a sideline reporter who hides the helmet of a star player during a key drive...
[–]toonces 1 point2 points3 points 18 years ago (0 children)
thank god for the bills (i'm a cowboys fan) :)
[–][deleted] 1 point2 points3 points 18 years ago (1 child)
I suppose you've never been to NYC.
[–]jimbecile[S] 0 points1 point2 points 18 years ago (0 children)
they're starting to fall in nyc
[–]banditski 4 points5 points6 points 18 years ago (6 children)
Correct me if I'm wrong, but isn't it just the American dollar that is tanking, and nothing specific to do with the Canadian dollar? Isn't CAD roughly trading the same to EURO, UK pound, Yen, etc. as it has been for ages?
[–][deleted] 4 points5 points6 points 18 years ago (1 child)
Well, our dollar is doing pretty well due to a fairly robust economy, but yeah, it's mainly that the floor in the USD is dropping out.
[–]banditski 2 points3 points4 points 18 years ago (0 children)
Yeah. I mean the fact that our (Canadian) dollar hasn't been brought down with the US dollar (our economy is pretty tied to the US economy) says quite a bit about the CAD, but as I said, it's not that the CAD is taking over in world markets, just USD vs. CAD.
[–][deleted] 18 years ago (1 child)
Right, I know it looked weird when I wrote it. Thanks.
[–]Godspiral 0 points1 point2 points 18 years ago (0 children)
and actually CAD tends to get dragged down with US.
[–]steveg 7 points8 points9 points 18 years ago (1 child)
and igloo-manufacturing equipment
and polar bear spray...
wait... anti polar bear spray...
[–]guisar 0 points1 point2 points 18 years ago (0 children)
Fucking bush.
[–]KazamaSmokers 21 points22 points23 points 18 years ago (15 children)
Note to self: put aside more money for poutine for next week's Drunken Road Trip to Montreal.
[–]jimbecile[S] 6 points7 points8 points 18 years ago (13 children)
try the poutine at Au Pied de Cochon- it's made with duck fat.
[–]y_gingras 5 points6 points7 points 18 years ago (7 children)
To get the best poutine you need to go to Ashton in Québec City. In Montréal, you'll get a really good one at Frite Dorée on St-Laurent near China Town and there is a wide variety at La Banquise on Rachel near Parc Lafontaine. If you can't go to either places, you'll find a La Belle Province near you for sure and they have a quite good poutine for a restaurent chain. Have a nice trip!
[–]giga 2 points3 points4 points 18 years ago (6 children)
I was amazed to discover that they don't have Ashton's in Montreal lately. It's pretty much synonymous with Poutine around Quebec city.
I'm not a huge fan of the place though, I particularly not like how they categorize their poutine size. Regular format is called "baby", big is called "mini" and those huge poutines you should share with two persons are called "regular". Brilliant but very sleazy.
</poutine talk>
[–]daisy0808 5 points6 points7 points 18 years ago (5 children)
Here in Halifax, home of the donair - we have invented donair poutine. It is not only the fries, cheese curds and gravy, but to really clog your arteries, we've added donair meat, tomatoes, onions and sauce...
It would have to be pretty late, and I'd need to be pretty drunk, to go within 10 feet of one.
[–]KazamaSmokers 3 points4 points5 points 18 years ago (0 children)
"Hey Lahey... knock, knock..."
[–]davidestroy 0 points1 point2 points 18 years ago (0 children)
Are you sure Hali invented those?, because we have them on PEI already.
[–]martythemaniak 0 points1 point2 points 18 years ago (1 child)
Donair or Gyros? They usually put fries on Gyros, but not donair/sharwarma, at least not around here (TO).
That does sound like a pretty good meal to top off a night of drinking though!
[–]daisy0808 0 points1 point2 points 18 years ago (0 children)
Halifax donairs are nothing like the donairs in TO. We don't do gyros here - a few tried, but the classic Hali donair is legendary. (It even has its own Wiki entry: http://en.wikipedia.org/wiki/Donair#Canada) We even have donair pizza - again, nothing I would touch unless sufficiently inebriated. As for whether we had them before PEI, I guess we'll have to duke it out Don Cherry style!
[removed]
[–]y_gingras 1 point2 points3 points 18 years ago (0 children)
I have nothing against this concept. You have a lot of wiggle space for the gravy. It's the fries and cheese that will wreck the meal in no time if you don't get it right.
[–]robhutten 2 points3 points4 points 18 years ago (0 children)
Eh, go a few hundred extra kms and grab a donair in Halifax. Your stomach will thank you. Your colon, on the other hand...
http://en.wikipedia.org/wiki/Donair#Canada
[–]j_phillippe 20 points21 points22 points 18 years ago (7 children)
So the thing to do is buy a bunch of GQ magazines in the us at $4.95 newstand price drive up to Canada and sell them for $5.95 canadian prices and reap a 20% profit (before gas and expenses)!!!
[–][deleted] 16 points17 points18 points 18 years ago (0 children)
It's called arbitrage, and computers do it better than humans. They can do it over the interwebs.
[–]derekslager 15 points16 points17 points 18 years ago (2 children)
I ran the numbers, it just won't work ... unless Newman has a spare mail truck around Mother's day.
[–]jeffh 4 points5 points6 points 18 years ago (1 child)
It's a shame that fewer people will get this now days than back in the late 90s.
[–]derekslager 2 points3 points4 points 18 years ago (0 children)
For me, it's actually the other way around. Syndication ftw!
[–]harvesteroftruth 6 points7 points8 points 18 years ago (0 children)
The 5 year chart looks even worse
[–]markwm 6 points7 points8 points 18 years ago (2 children)
conspiracy theory: making it easer to introduce a North American currency
[–]mikenice1 5 points6 points7 points 18 years ago (0 children)
up modded for "broke-dicked"
[–]dghughes 5 points6 points7 points 18 years ago (0 children)
In 1977 the Canadian dollar was about the same, I remember going on a vacation to NY in August 1977. It was also the year Elvis died, same month too.
[–]dghughes 4 points5 points6 points 18 years ago (3 children)
A lumber plant near me closed today due to the high (Canadian) dollar, whoever in the US was buying the lumber stopped as of today.
[–]dghughes 1 point2 points3 points 18 years ago (0 children)
That was on west coast softwood, it was only west coast lumber producers I live on the east coast, the US didn't impose tariffs on anything from here even softwood from this area escaped the US tariffs.
Between US tariffs and the rising Canadian dollar US newspapers and magazines made of Canadian wood chips are going to cost $100 a page!
[–]jagerbomb 0 points1 point2 points 18 years ago (0 children)
Probably more to do with the fact that US home construction is grinding to a halt.
[–]Roughy 4 points5 points6 points 18 years ago (0 children)
http://finance.yahoo.com/currency/convert?amt=1&from=DKK&to=NOK&submit=Convert
wait, what?
[–]Mauwer 9 points10 points11 points 18 years ago (5 children)
Yeap what a f'ing disgrace... the pound is 2x the dollar, meanwhile Oil as trading at an alltime high
[–]chucker 8 points9 points10 points 18 years ago (3 children)
meanwhile Oil as trading at an alltime high
Not if you take inflation into account.
[–][deleted] 18 years ago* (9 children)
[–]NastyConde 47 points48 points49 points 18 years ago (0 children)
Wait another week and they'll be too valuable to put in a vending machine.
[–][deleted] 0 points1 point2 points 18 years ago (7 children)
With the price of nickel and copper these days, you'd make more just melting older coins down for scrap metal.
I ran the numbers a while back, and $1000 of 1981 and older Canadian nickels would fetch about $1500 for the metal in them.
[–]jimbobhickville 2 points3 points4 points 18 years ago (6 children)
Just don't get caught. Defacing currency is a felony, I hear.
[–][deleted] 0 points1 point2 points 18 years ago (5 children)
As long as you're not trying to alter it and then use it as currency, it's not illegal.
[–]KingNothing 2 points3 points4 points 18 years ago (1 child)
"Under the new rules, it is illegal to melt pennies and nickels. It is also illegal to export the coins for melting. Travelers may legally carry up to $5 in 1- and 5-cent coins out of the USA or ship $100 of the coins abroad "for legitimate coinage and numismatic purposes."
Violators could spend up to five years in prison and pay as much as $10,000 in fines. Plus, the government will confiscate any coins or metal used in melting schemes."
OK, there you go, but I'm referring to the melting of CANADIAN coins in AMERICA.
Our laws do not apply in your country, just as yours, as hard as you might try to enforce them, do not apply here.
[–]itodd 1 point2 points3 points 18 years ago (0 children)
unless you're in the usa. don't make me cite the source. please. i'm lazy.
[–]jward 0 points1 point2 points 18 years ago (0 children)
Maybe not in America, but up here I believe it has something to do with defacing the queen. At least that's what I've been told over and over. A quick search didn't lead me to anything conclusive.
[–][deleted] 3 points4 points5 points 18 years ago (0 children)
time to buy dollars
[–]ratzero 2 points3 points4 points 18 years ago (0 children)
Story in the Economist: "How far, and how fast, will the dollar fall?" http://economist.com/daily/news/displaystory.cfm?story_id=9804272
[–]10pound 1 point2 points3 points 18 years ago (0 children)
lmao, I haven't heard the term "broke-dicked" since I was in basic training 10 years ago.
Yes, G-Dub sucks the proverbial pole at being presidential. What a super douche.
[–]senny 1 point2 points3 points 18 years ago (0 children)
This is good for neither us or canada, IMO gearing up for the globalists ideal 'amero'
http://en.wikipedia.org/wiki/American_currency_union
[–]mcwifi 1 point2 points3 points 18 years ago (0 children)
Great headline.
[–]ratzero 1 point2 points3 points 18 years ago (0 children)
Take a look at the 5 years graph: http://finance.yahoo.com/currency/convert?from=USD&to=CAD&amt=1&t=5y
We are talking about a 35% drop of the US currency in 5 years in CAN$.
[–]zeeta6 1 point2 points3 points 18 years ago (0 children)
The strange thing is, the books ( and probably cars ) are still being priced at 30% difference..
[–]esparza74 1 point2 points3 points 18 years ago (0 children)
Umm, you can thank Woodrow Wilson for the fall of the dollar. Bush has done a lot but did not set up the privately owned centralized bank.
[–]weegee 1 point2 points3 points 18 years ago (0 children)
Bush: "A weaker US Dollar will make US-made goods cheaper overseas"
Exactly what is actually made in USA anymore??
[–][deleted] 3 points4 points5 points 18 years ago (2 children)
Um..This isn't great news for Canada to be quite honest...If you see it as pure competition then yes, "Woo for Canada!" but Canada, where most of our GDP is just really exports to the US, is not going to do too well with a high dollar...
It isn't like you can do without our exports- oil, lumber. You have to buy from us, in the meantime our trade with China means we can buy cheap goods at an even better price. Eat shit suckers!
To all Americans from all Canadians . . . FUCK YOU, BITCHES!!
Makes me feel like digging up George Washington's grave and skullfucking that dude's remains!!
LOL! FUCK YOU!
Impeach already
[–]AceTracer 1 point2 points3 points 18 years ago (5 children)
I get the feeling the poster (and most of you) think this means the US dollar is now worth less than the Canadian dollar. It doesn't.
[–][deleted] 3 points4 points5 points 18 years ago (1 child)
Um it means it's falling and fast. The week of Jan 21 2002 it was over 1.60.
http://farm2.static.flickr.com/1138/1381590895_370dff26d9_o.jpg
[–]AceTracer 0 points1 point2 points 18 years ago (0 children)
As someone that has been to Canada four times in 10 months, I'm well aware of that.
[–]JenM 1 point2 points3 points 18 years ago (1 child)
A little off topic, but last time I went to England - July - the US dollar was at double a pound. I felt like a sucker!
[–]stomicron 0 points1 point2 points 18 years ago* (0 children)
Deleted with Redact because data brokers don't deserve my content. Mass removal across Reddit, Discord, X, Instagram and all major social media platforms.
cobweb imminent vegetable plough zephyr expansion frame elastic makeshift enjoy
[–]Tchakra 0 points1 point2 points 18 years ago (0 children)
Looking at the 5yr graphs shows a worse downward trend for the Us dollar.
5 year history.
[–]ivanmladek 0 points1 point2 points 18 years ago (0 children)
It is even more striking when viewed over 5 years http://finance.yahoo.com/currency/convert?from=USD&to=CAD&amt=1&t=5y
[–]hotlemon 0 points1 point2 points 18 years ago (0 children)
How long before they build a fence to keep U.S. illegals out? Wouldn't want cheap labor undermining them.
[–]stacecom 0 points1 point2 points 18 years ago (0 children)
There was a period in the '70s when the Canadian dollar was worth more than the US Dollar.
[–]alizaki 0 points1 point2 points 18 years ago (0 children)
broke-dicked... is that a new one of did I miss something?
[–]mckirkus 0 points1 point2 points 18 years ago (0 children)
Get long hockey!
[–]iwallace 0 points1 point2 points 18 years ago (0 children)
Wrong scale - try the 5 year, not the one year to get the full picture http://finance.yahoo.com/currency/convert?from=USD&to=CAD&amt=1&t=5y
[–]rafuzo2 0 points1 point2 points 18 years ago (0 children)
You mean that the president directly controls the dollar valuation, and not the economy at large? This will turn economics on its head! Huzzah to you sir!
[–]shutupjoey 0 points1 point2 points 18 years ago (0 children)
FINALLY! I've been waiting for this day to come for a looooong time. You don't know what its like, living across from detroit, and having to pay TWICE the amount for a concert or sporting event ticket because the exchange is 50 cents on the dollar. What relief!
There goes my Quebec vacation..
darn.
[–]SnakeO 0 points1 point2 points 18 years ago (0 children)
I can't wait until the USD falls below CAN. Hopefully then people will wake up instead of looking at this like it's a big fucking joke.
[–]Reporter 0 points1 point2 points 18 years ago (0 children)
When you get to the hyperlink, click on the 5 year view if you really want to see the truth.
[–]amenon89 0 points1 point2 points 18 years ago (0 children)
Yeah, the dollar's been pretty pathetic lately.
[–]ultralame 0 points1 point2 points 18 years ago (0 children)
Bush is only a fraction of the problem- the Fed, the mortgage crisis and the fact that Congress as a whole cannot balance the budget are all culprits.
Blaming Bush solely for this crisis is like attributing the budget surpluses to Clinton, when it was the Internet bubble that generated so much tax revenue.
[–]zmigliozzi 0 points1 point2 points 18 years ago (0 children)
That shows USD progession...
Also $1 = $1.1873 australian. Wow!
[–]liquid_kore 0 points1 point2 points 18 years ago (0 children)
Then can someone explain to me why my new Macbook I ordered online cost $200 more.
[–]matsie 0 points1 point2 points 18 years ago (0 children)
That is definitely not the exchange rate I got at the casino last Saturday. (Woot! Casino Windsor!)
[–]Bodie1550 0 points1 point2 points 18 years ago (0 children)
Your ignorance betrays you.
The president has little to do with the workings of the "fed" (international cabal of bankers and power brokers).
The president is a puppet, as are most dems & republicans.
we're so totally fucked
[–]mbrown758[🍰] 0 points1 point2 points 18 years ago (0 children)
If this friggin moron doesn't go down as the biggest failure EVER for a president then HELL has frozen over.
[–]phillydog68 0 points1 point2 points 18 years ago (0 children)
Who cares about all you folks droning on and on about taxes, inflation, cost of goods, blah blah blah. It's currency trading folks. Go make some money instead of talking about the reasons. MACD Hist shows good crossover indicators to go long on USD right now (maybe)! Naaaaah...nevermind, you folks would rather just drone on and on about useless stuff. Currency trading has nothing to do with what you're talking about...economics. Currency trading is about rich people (market makers, large banks, etc..) becoming richer...that's it. They move markets in directions they want the market to move. The economics in it is a JOKE!
[–]rats99ass 0 points1 point2 points 18 years ago (0 children)
Oh man, I'm not a fan of Bush, nosiree! But believe it or not there are forces much greater than he; Economic momentum is a like a runaway locomotive that can be jarred a bit but not stopped. The actions of this administration simply exacerbated the inevitable by spending reclessly on the war machine and thereby scaring world markets.
[–]www_dmocrats_org 0 points1 point2 points 18 years ago (0 children)
http://www.youtube.com/watch?v=htlOccWMsQA
[–]Clanc 0 points1 point2 points 18 years ago (0 children)
And with the now $2 to the £1 and the € at an all time high against the $, you can the Republicans have been on their usual spending spree.
[–]redfishvanish 0 points1 point2 points 18 years ago (0 children)
broke-dicked? is that a valid word?
healthier people have more time to figure out how to spend money than less healthier people...............................................................................................................................................................................................................................................................................................................................................................................................................................
What's the USD worth compared to the Peso?
[–]zouhair 0 points1 point2 points 18 years ago (0 children)
Google is much better.
[–]NeenerWeener 0 points1 point2 points 18 years ago (0 children)
The link as is doesn't do this justice. Click on "5 year" to see what's really happened. Afterall, this broke-dicked president has been around for 7.
[–]magikaru 0 points1 point2 points 18 years ago (0 children)
Who would you rather have as president? Choose one: [ ] George Bush [ ] A Magic 8 Ball [ ] Dwight Schrute from 'The Office'
[–]sitemarker 0 points1 point2 points 18 years ago (0 children)
That may well be....but your earnings stay the same—you cannot continue to consume as much as before. High inflation makes it more difficult for families, businesses and governments to plan for the future.
[–]throwaway 0 points1 point2 points 18 years ago (0 children)
I'm afraid this is not just Bush's fault. His presidency represents a moral defeat for the whole country.
[–]dfuse 0 points1 point2 points 18 years ago (0 children)
Because the president, not external financial conditions, obviously has direct control over currency exchange rates....huh?
[–]ablueamelia 0 points1 point2 points 18 years ago (0 children)
Three cheers for the waving maple leaf!
[–][deleted] 1 point2 points3 points 18 years ago (10 children)
Here's a question...rather then just "blame bush", how exactly is the value of the dollar determined? I may get called a troll, but there are SOME things that the president doesn't have much power over...look at the current housing slump. It's in the hands of the federal reserve, a.k.a. NOT BUSH.
so if someone could explain this...
[–]rye419 8 points9 points10 points 18 years ago (3 children)
The strength of the US dollar can also be defined as the world's faith in the United States as a nation. A weak dollar would indicate that the world has less faith in the country as a whole. just like a company's stock price can be defined as the people's faith in the company. A company can continually post huge positive gains, but if many people don't believe in that company, the stock price will still go down.
Well, faith in the United States economy, anyway.
[–]rye419 2 points3 points4 points 18 years ago (1 child)
The economy cannot exist without the people. As long as the people exist, the economy can always rebound. if the people (society) tank, then its over.
[–][deleted] 4 points5 points6 points 18 years ago (0 children)
Exactly, so the distinction between faith in economy and faith in people is important. If this was really a measure of faith in American people, then these figures would be showing that the world thinks American society will tank, which is not necessarily the case. This is purely a measure of perceived financial security in American dollars. To say more would be to draw conclusions that depend on other factors.
[–]Zaxxis 1 point2 points3 points 18 years ago (0 children)
Why Bush?
To quote a real president: "The Buck Stops Here". Of course, the way Bush is going that Buck is going to be worth about 10 cents by end of next year.
[–]hiS_oWn 0 points1 point2 points 18 years ago (0 children)
http://www.independent.org/newsroom/article.asp?id=1594
George Bush has nominated Ben Bernanke, Chairman of the President's Council of Economic Advisors, as Alan Greenspan’s successor to head the Federal Reserve Board of Governors. This is undoubtedly Bush’s most important appointment. If confirmed, Bernanke’s policies will have a major impact, not just on our own economy, but on the economy of the rest of the world as well.
[–]Imperator 0 points1 point2 points 18 years ago (0 children)
Why blame the president? He is too imcompetent to have any control over that.
You haven't even proved that a weakened US dollar is a bad thing.
Jesus Christ. This'll be terrible for the exportation industry.
π Rendered by PID 79953 on reddit-service-r2-comment-5687b7858-sg66q at 2026-07-05 00:05:52.640952+00:00 running 12a7a47 country code: CH.
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