Dollar ( CDN) soars beyond $1.09 U.S.

[Swede]

Source: The Star.

On a day when the Canadian dollar soared to a record, with oil and gold prices in tow, the Bank of Canada continued to pour cold water on hopes for a cut in interest rates.

The potential risks – and benefits – of the higher dollar are greater now than two weeks ago when the central bank made its last report, Paul Jenkins, senior deputy governor of the Bank of Canada, said in a speech in New York yesterday.



Read more: http://www.thestar.com/Business/article/274217

[Doctor_J]

1. I remember when it caught the $US - about two weeks ago it seems

Man, I need to get my money out of the country.

[Swede]

2. The loonie was worth 65 cents in 2003.

But the US's $13 trillion economy is still the biggest and best.

[Doctor_J]

5. Wow. 65% return in 4 years

There's no limit to how much money you can make betting on * to screw up.

[wellst0nev0ter]

6. And To Think Of All Those Canadian Coins I Threw Out. . . (eom)

[ClintonTyree]

12. I just looked in my dresser....

and I have $137 in Canadian currency left over from previous trips north of the border (some of it from decades ago). Back then it wasn't even worth cashing in, I just threw it in the drawer and forgot about it. Looks like it's time to take all those pretty colored bills with the Queen's picture to the bank! :)

[wellst0nev0ter]

19. Lucky. . .

It just might be enough to pay for gas for your next trip up there - one way ;)

[Eurobabe]

3. Holy crap....

pretty soon the loonie will be as high as the Euro, and the Euro will reach the Pound Sterling levels.

:wtf:

[phantom power]

4. I, for one, welcome our new Canadian overlords.

And Chinese overlords, and European overlords...

[Swede]

8. I'd like to remind them that as a trusted TV personality,

I can be helpful in rounding up others to toil in their underground sugar caves.

[IntravenousDemilo]

14. LOL!

I recognize that tie!

[Amonester]

7. BREAKING: NHL Players Ass. about to DEMAND getting (over-)paid in Loonies!

(Almost Not) Kiddin' :rofl:
!

[eagler]

9. And we just keep on shippin those American jobs out of the country.

[AndyTiedye]

10. How Are They Going to Pay All those Foreign Workers?

The dollar is sinking so fast that offshoring isn't going to be economically viable for much longer.

[CanSocDem]

11. At the risk of sounding like a suck-up...

I was thinking that now would be a good time for me to donate to all my favOUrite US-based web sites.

$25US will be like pocket change soon.


.

[GliderGuider]

13. IIRC the $CDN is stable compared to the Euro

It`s not our dollar that`s soaring, it`s yours that`s in freefall.

The headlines in the Canadian press have been screaming Oh My Gawd! Our dollar is too strong! for months now. It's getting on my nerves.

[Lisa]

15. so basically, THESE now buy more than US greenbacks?

(To my American friends -- these are "Canadian Tire money" -- coupons you get for shopping at that store up here. They are printed on currency-type paper, though a bit smaller than real bills.)

[Hobarticus]

18. Those are awesome!

I wish we had jolly laughing men on our bills!

[robertpaulsen]

16. Universal Health Care AND a more valuable dollar?

Anyone else thinking of packing up and heading north?

[anakie]

17. and the Aussie dollar reached 0.94 overnight

and like the loonie, was around 0.60 a few years ago. Parity is on it's way. Whoo hoo.


Peace

[CHIMO]

20. Same Old

Same old story of coming up short. It was $1.10

Loonie retreats after topping $1.10 US
U.S. dollar battered as China signals move away from greenback
Last Updated: Wednesday, November 7, 2007 | 6:07 PM ET
CBC News

The Canadian dollar briefly soared to new heights past $1.10 US early Wednesday before taking a sharp drop later in the day.

Shortly after the start of trading in North America, the loonie was up more than 1.75 cents US at $1.1027 US as the U.S. dollar sank even further on world currency markets.

http://www.cbc.ca/money/story/2007/11/07/dollar-overseas.html

[kitty1]

21. See what happens when oil prices spike....

no wonder everyone is elbowing each other for mineral rights in the Arctic right now.