$CAD tops $1.06 US

seifufu · 10-31-2007, 03:36 PM

http://www.bankofcanada.ca/en/rates/can_us_close.html

the pressure is sure mounting on those guys who keep prices up relative to US prices....

kalch · 10-31-2007, 03:53 PM

im going to vegas this weekend

seifufu · 10-31-2007, 04:16 PM

Quote:

Originally Posted by seifufu

http://www.bankofcanada.ca/en/rates/can_us_close.html

the pressure is sure mounting on those guys who keep prices up relative to US prices....

before i get flamed, i am not happy for - nor am i referring to - the manufacturers and exporters will suffer as a result of this rapid appreciation of the $C, but i referring to the IMPORTERS and i'm happy because they will need to do something real meaningful real soon....

actually my bad.. it's not quite 1.06 yet (it was over 1.06 according to the quote i got somewhere else).. it's 1.0585 according to the Bank of Canada link that i included....

achien · 10-31-2007, 07:54 PM

if you see or hear a guy in the news who jumped off a buildling in Toronto, it will be me...

fanatic · 10-31-2007, 10:12 PM

Quote:

Originally Posted by achien

if you see or hear a guy in the news who jumped off a buildling in Toronto, it will be me...

Get paid in US$ do we?!?

kick · 10-31-2007, 11:43 PM

I bet more than a couple NHLers on Canadian teams are calling their union rep crying about not being paid in CAD.

kalch · 11-01-2007, 08:23 AM

+1 never thought of that

aspiring335 · 11-01-2007, 12:55 PM

I know a number of people in Vancouver who work in the movie business, primarily on US productions for which they get paid USD. They are getting it from both sides -- it's less attractive to shoot in Canada, and what work there is is less lucrative than it used to be. If it wasn't for the impending strike and the panic to get stuff made before next year, I think we'd see a fraction of the production work happening here vs. the US.

Zeeman · 11-01-2007, 02:02 PM

It's funny, I have a few friends who went to work in the US a few years back taking pay packages that were sometimes 50% more in Canadian dollar terms. One used to have this funny line about coming up to Canada for a few days and "crushing us with his greenbacks". Haven't heard him say that in a while.

Desi · 11-01-2007, 02:06 PM

This is so awesome. We are due to buy a new taxi in a month or two's time. Hello 2006-2008 Impala SS (V8). Bitchin Taxi, eh?

Save upwards of $10-15k, plus warranty doesn't mean shit because we'll blow through 80,000km in like six months anyways.

Rossland · 11-01-2007, 03:23 PM

Quote:

Originally Posted by seifufu

http://www.bankofcanada.ca/en/rates/can_us_close.html

the pressure is sure mounting on those guys who keep prices up relative to US prices....

Chrysler reduced prices today!

From the National Post
"Chrysler said it will boost cash incentives across its product lineup. To take two examples, the incentives on its 2008 Grand Caravan minivans will increase to $2,250 from $1,000 in October, and incentives on its 2007 Jeep Grand Cherokee will nearly double, from $5,500 to $10,750."

Can BMW be very far behind?

flush01 · 11-01-2007, 06:56 PM

Quote:

Originally Posted by Rossland

Chrysler reduced prices today!

From the National Post
"Chrysler said it will boost cash incentives across its product lineup. To take two examples, the incentives on its 2008 Grand Caravan minivans will increase to $2,250 from $1,000 in October, and incentives on its 2007 Jeep Grand Cherokee will nearly double, from $5,500 to $10,750."

Can BMW be very far behind?

thing is, their sales are up 20% or something like that this year... only when people stop buying they will do something about it

aspiring335 · 11-01-2007, 07:22 PM

Quote:

Originally Posted by Desi

Hello 2006-2008 Impala SS (V8).

Can you say 'torque steer'...

Desi · 11-01-2007, 07:34 PM

Quote:

Originally Posted by aspiring335

Can you say 'torque steer'...

True, but these cars weigh in at a high number and we also drive them frequently with 5 passengers + luggage... Horsepower is necessary. Further to that, towards the second half of their life in a taxi, engines/trannies really start to get bogged down and weak, to the point where steep hills are a challenge. Again, having more horsepower/torque in the first place will help prolong this downward phase as cabs are all about longevity. Plus Displacement on Demand is just awesome, switching between 4/8 cylinders will be great for switching between stop and go downtown downtown and long-haul night trips to the suburbs.

achien · 11-02-2007, 08:41 AM

Worse, most of my assets are still in US$...

Quote:

Originally Posted by fanatic

Get paid in US$ do we?!?

seifufu · 11-02-2007, 10:44 AM

it's up to $1.068 US as i type....

the chrysler layoff probably has smth to do with the strong currency....

fanatic · 11-02-2007, 11:25 AM

Quote:

Originally Posted by seifufu

the chrysler layoff probably has smth to do with the strong currency....

Nah... They just make crappy cars.

Have you noticed that not too many of their cars make it through more than one generation life cycle? PT Cruiser, Pacifica, HHR

Now look at the Civic or Accord. They have been around since the mid 70s and are on it's 8th generation.

NeoChaser · 11-02-2007, 12:11 PM

1.07 today

BMWMTL514 · 11-02-2007, 12:27 PM

Quote:

Originally Posted by achien

Worse, most of my assets are still in US$...

Relax... just don't touch 'em for a year or two and everything should be back to "normal"

seifufu · 11-02-2007, 12:35 PM

guys... check this out:
http://www.wheels.ca/article/asset/32558

RBP · 11-02-2007, 02:14 PM

Thread title will have to be changed to $CAD tops $1.07 US.

Time to move out of Canada again until the dollar comes back down to reality.

MOAB · 11-02-2007, 02:19 PM

Quote:

Originally Posted by RBP

Thread title will have to be changed to $CAD tops $1.07 US.

Time to move out of Canada again until the dollar comes back down to reality.

And where do you propose to move to?

10-31-2007, 03:36 PM	#1
seifufu Private First Class 4 Rep 168 Posts Drives: Honda Join Date: Apr 2007 Location: Canada iTrader: (0)	$CAD tops $1.06 US http://www.bankofcanada.ca/en/rates/can_us_close.html the pressure is sure mounting on those guys who keep prices up relative to US prices....
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10-31-2007, 03:53 PM	#2
kalch Lieutenant 22 Rep 528 Posts Drives: Gracie:E92 335 19" S/P/FL/CA Join Date: Apr 2007 Location: TORONTO iTrader: (0)	im going to vegas this weekend __________________ E92 335 SPACE GRAY/BLK; 6MT; PREMIUM 19" SPORT PACKAGE;6FL;COMFORT ACCESS
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10-31-2007, 07:54 PM	#4
achien AC 95 Rep 2,387 Posts Drives: E90 Post Members Crazy Join Date: May 2007 Location: Toronto, Canada iTrader: (0)	if you see or hear a guy in the news who jumped off a buildling in Toronto, it will be me... __________________ Your Supreme Leader
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10-31-2007, 11:43 PM	#6
kick Private 3 Rep 70 Posts Drives: 1985 E28 Join Date: Oct 2007 Location: Lethbridge/Calgary iTrader: (0)	I bet more than a couple NHLers on Canadian teams are calling their union rep crying about not being paid in CAD. __________________ Zooloo Tickets - Premium, hard to find concert & sports, event tickets. Suite 200 - 2312 4th Street SW (kitty corner to Earls Tin Palace, above Second Cup) 403.244.0102
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11-01-2007, 08:23 AM	#7
kalch Lieutenant 22 Rep 528 Posts Drives: Gracie:E92 335 19" S/P/FL/CA Join Date: Apr 2007 Location: TORONTO iTrader: (0)	+1 never thought of that __________________ E92 335 SPACE GRAY/BLK; 6MT; PREMIUM 19" SPORT PACKAGE;6FL;COMFORT ACCESS
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11-01-2007, 12:55 PM	#8
aspiring335 Lieutenant Colonel 95 Rep 1,614 Posts Drives: 2019 G05 40i Join Date: May 2006 Location: Toronto, Canada iTrader: (0) Garage List 2006 330i [0.00]	I know a number of people in Vancouver who work in the movie business, primarily on US productions for which they get paid USD. They are getting it from both sides -- it's less attractive to shoot in Canada, and what work there is is less lucrative than it used to be. If it wasn't for the impending strike and the panic to get stuff made before next year, I think we'd see a fraction of the production work happening here vs. the US. __________________ 2019 G05 40i (premium excellence, m-sport, 2VR), Tesla Model S 100D, Nissan Leaf SL Volvo XC90 T8, Subaru Outback, E84 X1 28i, E91 328i xdrive, 6MT, VW Touareg TDI, E90 330i, E46 325iT, MINI Cooper S (all retired)
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11-01-2007, 02:02 PM	#9
Zeeman Captain 56 Rep 661 Posts Drives: E90 335 SG Join Date: May 2007 Location: Vancouver iTrader: (0)	It's funny, I have a few friends who went to work in the US a few years back taking pay packages that were sometimes 50% more in Canadian dollar terms. One used to have this funny line about coming up to Canada for a few days and "crushing us with his greenbacks". Haven't heard him say that in a while.
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11-01-2007, 02:06 PM	#10
Desi Lieutenant 16 Rep 441 Posts Drives: 2014 435i M-Sport X-Drive Join Date: May 2007 Location: Ottawa, Canada iTrader: (4)	This is so awesome. We are due to buy a new taxi in a month or two's time. Hello 2006-2008 Impala SS (V8). Bitchin Taxi, eh? Save upwards of $10-15k, plus warranty doesn't mean shit because we'll blow through 80,000km in like six months anyways. __________________ 2014 BMW 435i XDrive M-Sport - Delivered May 2014 2007 BMW 323i - Delivered April 2007
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11-02-2007, 10:44 AM	#16
seifufu Private First Class 4 Rep 168 Posts Drives: Honda Join Date: Apr 2007 Location: Canada iTrader: (0)	it's up to $1.068 US as i type.... the chrysler layoff probably has smth to do with the strong currency....
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11-02-2007, 12:11 PM	#18
NeoChaser Lieutenant 17 Rep 515 Posts Drives: E92 328, E70 35d Join Date: Aug 2007 Location: YVR iTrader: (0)	1.07 today __________________ www.NeoChaser.com E92 328 AW / Coral / ZPP / ZSP / CA / Paddle E70 X5d LCI DSB / Cinnamon / ZNA / ZJK / ZJL / ZUD / ZFT / ZUE
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11-02-2007, 12:35 PM	#20
seifufu Private First Class 4 Rep 168 Posts Drives: Honda Join Date: Apr 2007 Location: Canada iTrader: (0)	guys... check this out: http://www.wheels.ca/article/asset/32558
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11-02-2007, 02:14 PM	#21
RBP Second Lieutenant 20 Rep 204 Posts Drives: 2010 335i Convertible M sport Join Date: Sep 2007 Location: Edmonton iTrader: (0)	Thread title will have to be changed to $CAD tops $1.07 US. Time to move out of Canada again until the dollar comes back down to reality.
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