Actually not true, the USA has the same AAA credit rating as Canada according to Moody's:
http://chartsbin.com/view/1175
Let me explain something: debt don't mean shit when you have the assets/revenue to pay it off.
The miserable US$ to C$ exchange rate
- Thread starter jackyo8193
- Start date
Actually not true, the USA has the same AAA credit rating as Canada according to Moody's:
http://chartsbin.com/view/1175
Let me explain something: debt don't mean shit when you have the assets/revenue to pay it off.
I got 600 billion reasons why that ain't changing anytime soon
https://media.nationalpriorities.org/uploads/discretionary_spending_pie%2C_2015_enacted.png
I heard these lines in a song once, maybe it's true..
Democracy don’t rule the world, You’d better get that in your head, This world is ruled by violence
1.396 at time of this dismal post
Well, that's all well and good if the bank is your favorite charity. Personally, I prefer to give to Doctors Without Borders.
I did a little experimentation today, not really the best day with the loonie dropping almost 2¢ since opening. To the numbers:
Last night's close: $1.379
Right now: $1.396
I went to Calforex with a pile of US dollars. It appears that they discount off the prior day's closing rate. They gave me a pretty lousy 1.3575, taking more than a 2% cut on top of the $3.50 fee.
I next went to a Desjardins ATM and pulled 500$ out of my US account. Desjardins does not but pulls it dynamically from somewhere out in the ether. I got better than last night's closing, but a rate several hours behind the current. The rate was $1.382. Add to that a $2.00 fee to Desjardins and a $1.00 fee back home.
Next stop was transferwise.com. To use Transferwise, you'll need a Canadian bank account to drop your money into. Their rate is dynamic and is updated every 11 minutes. It appears that their fee drops as the transfer gets larger. Right now, for $1,000, the rate is $1.382, for $10,000, $1.384, and for $100,000, it's $1.386.
hang on , I'll check with my peeps in The Cartel
Traders at Citi, JPMorgan and other banks were part of a group known as "The Cartel" or "The Mafia," participating in almost daily conversations in an exclusive chat room and coordinating trades and otherwise fixing rates.
Global banks admit guilt in forex probe, fined nearly $6 billion
http://www.reuters.com/article/us-banks-forex-settlement-idUSKBN0O50CQ20150520
At this point, turn in 1k US and the "free" $400 you will get will pay for your trip 
High enough for me to show up on January 2 IGGY ??
Best Regards
Smuler
Cartel told me to contact J-Lew because ultimately it's his call
https://www.treasury.gov/resource-center/international/ESF/Pages/esf-index.aspx
but all he said was cheap Loonie until Frieden warns of maple fever outbreak
https://www.treasury.gov/resource-center/international/ESF/Pages/esf-index.aspx
but all he said was cheap Loonie until Frieden warns of maple fever outbreak
What was the highest you ever saw it and what year was that?
What do you or any financial experts think it will top out at and when?
What do you or any financial experts think it will top out at and when?
Sharky I can remember that all time high! I visited Montreal many times in 2002! My answer to Iggy's question would have been $1.60 in 2002 but Sharky beat me to it!!!!
I don't know what it will top out at......my guess is it will not reach $1.60. If it does the line at the border coming home is going to be all American plates...................
I don't know what it will top out at......my guess is it will not reach $1.60. If it does the line at the border coming home is going to be all American plates...................
Probably not but I doubt it goes to $1.60......by the way the summer of 2002 was one of the best ever. The Montreal strip club scene was a whole different scene than it is now. Hotels were CRAZY cheap......I recall getting the Delta Montreal for $35 a night on Prieline and another hobbyist getting the Quality Inn on Parc for $25 on Priceline. It was insane. We had bets as to how low we could get........it was a type of insanity I never witnessed. To the point where I actually felt bad about significantly underpaying for everything I bought. It was called the "Canada For Sale" era- I just felt like I was stealing every time I paid for something, including escorts. But neither Sharky, nor Doc, nor anyone else slapped my hand away as I made those purchases........
Hi.
Can you please tell me the numbers for the next Mega Millions and Powerball drawings?
Thanks.
I'm seeing more consumer products (other than electronics and "smartphones") being made in Canada and the USA. And I hope this trend continues. I love the Chrysler's commercial tagline "Imported from Detroit"! Also, wages in China are rising, making certain types of manufacturing uncompetitive in China!
As for the current strong US$ against the C$, I was thinking about opening an account at BOM so I don't have to worry about exchange rates later. I don't think the current robust US$ to C$ can be sustained.
A friend of mine went to the Montreal Casino this past saturday and the rate was 1.3685. He turned in $1350US and got almost $500 free Canadian Dollars. Somewhere on here someone was saying the Casino no longer exchanged money, not true and also there were no fees to do so.
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