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American dollar / canada dollar just about even.

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jonnny2006

09-19-2007 10:24:44




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the american dollar today will only buy 1.015 canada's dollars. In the next few days I predict the country to our north will have the stronger dollar. I can see the canada dollar making huge gains against our dollar. i bet $1 american will only get you 80 cents when you travel across the boarder up notrh. I bet banks will not turn away canadian quarters anymore! Yup times are a changing, gold is way over 700 oz. The american dollar is losing ground every day....even every hour!!! look at forclosure rates.....in vegas its around 33% How far ahead do you see the canadian dollar going???? 1 euro would buy 1.3 dollars just 3 weeks ago. Today the same euro will buy 1.4 dollars. to me that means the us dollar is losing ground very very fast.

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jonnny2006

09-20-2007 02:02:47




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 Re: American dollar / canada dollar just about even. in reply to jonnny2006, 09-19-2007 10:24:44  
i agree with Pat T.
We are headed for a depression that only our great grandparents and grandparents went thru. I think it could be the "perfect storm". Feds cut intrist again from 5.25 to 5 flat. that is the rate banks lend money to each other and affect everything from credit cards to mortages. this may seam good as one can buy more house, but when the bubble pops and it already has in some states millions of home owners will be even more over extended as the house drops in value and equity is evaporiated..... I would just like to see things tighten up a bit and make it a wee bit harder to get credit as taking on risky credit is just that risky, then we all lose money in two ways....the market and equity in our homes. In my aera country homes are holding steady mabey a wee bit lower as buyers offer less as there the only one abiddin. If seen farms sit on the market for oner a year now and theres lots of buldings and the asking price in my opinion are very reasonable. I paid 244k for my home and it is now worth around 310k but in todays market I would be lucky to get 285k. The appraisers are not always spot on. but one thing is for shure, the country market is on its own curve as there is only so much of it avalable and it is getting to be less of ot as towns spred out. one nice thing about high fuel prices is it slows urban sprawl. I know 6 familys that moved closer to there work and there leaving small towns to be closer to the big town they live in. Homess out in the country seam to be the exception to this as there isent a ton of homes in the country for sale but go to small towns and its a buyers market. Is this because the weak dollar???? I think its because people dont wanna spend 30+ bucks a day to drive back and forth to work, its even more like 50 or more if you have a truck ypu need for work. I know my Moms construction co. is spending lots of its profits on fuel. The high price of fuel is hurting the small bussiness owner who needs large trucks to do bussiness and simply cannot go without the trucks. Somthing is going to have to give.....

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Michael Soldan

09-19-2007 16:35:37




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 Re: American dollar / canada dollar just about even. in reply to jonnny2006, 09-19-2007 10:24:44  
Welp Johnny, when I was a kid of about 11 or 12, forty eight years ago I can remember going to Michigan from Ontario to shop in Port Huron and I remember my mother giving my brother and I each a one dollar bill Canadian and telling us that it would buy $1.07 in US money so if we bought something for around a dollar we would get change back. I can't remember buying anything but I remember the exchange rate

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Andy Martin

09-19-2007 13:33:03




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 Re: American dollar / canada dollar just about even. in reply to jonnny2006, 09-19-2007 10:24:44  
I'm excited about the prospects of US wheat and cattle being cheaper to the rest of the world than Canadian wheat and cattle. This si a real good thing for those of us who live in the States.

The lower it goes the better.

Oil pegged to the US Dollar will also help out Canadians, as the Dollar falls and oil goes higher, the net effect for Canadians will be a bit better price for crude oil.

Maybe more Canadians will be buying their prescription medicine in the US :-)

Just don't think about buying old red iron tractors :-(

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dhermesc

09-19-2007 14:58:50




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 Re: American dollar / canada dollar just about even. in reply to Andy Martin, 09-19-2007 13:33:03  
The "strong" dollar policy has hurt US exports and made imports cheaper for 27 years. It harkens back to the William Jennings Bryan's "Cross of Gold" speech. I hope the dollar falls to about 50% of its current value on the world market.

Ever wonder why China keeps their currency artifically low?



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James Williams

09-19-2007 13:30:43




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 Re: American dollar / canada dollar just about even. in reply to jonnny2006, 09-19-2007 10:24:44  
The American way is to never pay for your house and always buy a new car and ride on credit.I thank the Lord if nothing happens my house will be paid off in 6 years.The buck needs to stop somwhere

jimmy



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Steven f/AZ

09-19-2007 15:44:42




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 Re: American dollar / canada dollar just about even. in reply to James Williams, 09-19-2007 13:30:43  
Here, here!

I hope to pay for my house in 20 years instead of 30, and all my vehicles are paid for (and well worn).

I"m just worried my house will be worth less in those 20 years instead of more... I"m hoping it will appreciate like most well-kept houses, though.



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Pat-CT

09-19-2007 12:40:24




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 Re: American dollar / canada dollar just about even. in reply to jonnny2006, 09-19-2007 10:24:44  
everytime i here the econom is going south i cant help but think .....depression



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JSharp

09-19-2007 11:52:26




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 Re: American dollar / canada dollar just about even. in reply to jonnny2006, 09-19-2007 10:24:44  
It'll settle out when they stop printing more "money." Until then it's still headed lower. Yet somehow they tell us there's no inflation? Sure...third party image



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Mike CA

09-19-2007 10:44:32




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 Re: American dollar / canada dollar just about even. in reply to jonnny2006, 09-19-2007 10:24:44  
This really isn't news. The American economy has been going through a downward trend for close to 2 years now. I don't think we're at the bottom either.
It will settle out eventually.



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ncdiesel48

09-19-2007 12:58:34




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 Re: American dollar / canada dollar just about even. in reply to Mike CA, 09-19-2007 10:44:32  
Thats's funny revenue hasn't been higher in years, and as far as the mortgage thing thats just dumb people signing something they didn't read!



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