AuthorTopic: The Loonie is Down to .73 USD  (Read 538 times)

Offline Eddie

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The Loonie is Down to .73 USD
« on: December 15, 2015, 08:58:13 AM »
The Canadian dollar continues to slide against the US dollar. ScotiaBank looks for it to bottom out just below .72, sometime in the next year.  Since we'e already at .73, I wouldn't be surprised to see it drop a little lower than that...maybe .70 USD?

http://www.huffingtonpost.ca/2015/11/04/loonie-canadian-dollar-forecast-scotiabank_n_8474008.html

Sure would be a good time to buy a Canadian doomstead.

Er, excuse me...I meant a Canadian recreational property.

« Last Edit: December 15, 2015, 09:03:09 AM by Eddie »
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Offline RE

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Re: The Loonie is Down to .73 USD
« Reply #1 on: December 15, 2015, 09:19:55 AM »
The Loonie should track the price of oil and minerals.  Since ShortonOil's ETP model has Oil dropping to $12/bbl, you might want to wait a while longer before you buy the "Recreational Property" in the Great White North.  .50 USD is worth waiting for.

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Offline MKing

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Re: The Loonie is Down to .73 USD
« Reply #2 on: December 15, 2015, 11:45:03 AM »
The Canadian dollar continues to slide against the US dollar. ScotiaBank looks for it to bottom out just below .72, sometime in the next year.  Since we'e already at .73, I wouldn't be surprised to see it drop a little lower than that...maybe .70 USD?

http://www.huffingtonpost.ca/2015/11/04/loonie-canadian-dollar-forecast-scotiabank_n_8474008.html

Sure would be a good time to buy a Canadian doomstead.

Er, excuse me...I meant a Canadian recreational property.

I once worked in Canada when the loonie to dollar ratio was that bad. Was a bitch converting the money back in $$, but I loved living up there.
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Offline g

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Re: The Loonie is Down to .73 USD
« Reply #3 on: December 15, 2015, 12:27:53 PM »
The Canadian dollar continues to slide against the US dollar. ScotiaBank looks for it to bottom out just below .72, sometime in the next year.  Since we'e already at .73, I wouldn't be surprised to see it drop a little lower than that...maybe .70 USD?

http://www.huffingtonpost.ca/2015/11/04/loonie-canadian-dollar-forecast-scotiabank_n_8474008.html

Sure would be a good time to buy a Canadian doomstead.

Er, excuse me...I meant a Canadian recreational property.

I once worked in Canada when the loonie to dollar ratio was that bad. Was a bitch converting the money back in $$, but I loved living up there.

Same here, didn't work there but went up there to buy things. Exchange rate was even worse than it is now.

Was really great getting close to  a forty percent discount on everything.

Canada is a great place, fond memories of it.

 

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