Canadian Dollar almost at par!!

[Ted in Halifax]

Don't look now ... but wow! 0.9966

 

[gilsan]

I am both happy and sad. e are going in February so I am happy it is at par, but DH gets paid in US$ so it really is not great in the grand scheme.

 

[grover]

whoohoo!!!!

 

[dsneygirl]

This will definitely help me when I pay my cruise balance and book airfare in USD!

I think we'll pay off our cruise this week if it hits $1.

 

[Ted in Halifax]

I think we'll pay off our cruise this week if it hits $1.

I'd run with .99 .... history would indicate that when we get near 1.00 it heads back down (FEDERAL GOVERNMENT INVOLVEMENT PERHAPS?)

 

[dsneygirl]

I'd run with .99 .... history would indicate that when we get near 1.00 it heads back down (FEDERAL GOVERNMENT INVOLVEMENT PERHAPS?)

Well 99.7 (today's close) is pretty darn close.

 

[CrystalS]

msn.com is showing it at $1 even right now

 

[Ted in Halifax]

1.0006 USD Now ... and the feds seems to be leaving it alone!

Attention Disney: Please Post your 2012 Cruise Schedule and I will book!!! 1.0006 USD ... whoooo

Ted

 

[dennise]

Going to Maine next month, I think I will get some US funds today.

 

[DisFan2]

I am both happy and sad. e are going in February so I am happy it is at par, but DH gets paid in US$ so it really is not great in the grand scheme.

While the rising dollar is good news for those of us heading south soon, I'm afraid that irrepairable harm is being done to our economy, particularly what's left of our manufacturing base in Ontario. While other countries are actively devaluing their currencies in order to gain relative trade advantage, Canada and Australia are letting their dollars rise. Unfortunately, I think this is a mistake.

Incidentally, it's the Bank of Canada (not the Feds) that sets monetary policy.

 

[mom_rules]

Paid $1019.00 Cdn for $1000 US a couple of minutes ago.

 

[Littleprincess2010]

Paid $1019.00 Cdn for $1000 US a couple of minutes ago.

That deserves a Banana dance!!!

 

[jenkh]

Paid $1019.00 Cdn for $1000 US a couple of minutes ago.

This makes my day. I just got paid and am off to the bank to turn this paycheque into US for Disneyland in 2 weeks!

 

[vacation_junkie]

YAY!!!

http://www.timescolonist.com/Dollar+pops+over+cents/3632780/story.html


Dollar pops over 99 cents U.S.

OTTAWA — The continuing slide in the U.S. dollar has pushed the loonie above 99 cents U.S. for the first time in just over five months.


The Canadian dollar has gained more than 5.5 per cent against the U.S. currency since September alone. The greenback, meanwhile, has been on a sharp decline for the past four months as the U.S. economy has weakened and the market began to price in further quantitative easing by the U.S. Federal Reserve, expected in November.


The U.S. dollar index, which measures the greenback against a basked of six major currencies, is trading Wednesday at 77.387, which is still 10 per cent above its 2008 low of 70.70 and its 2009 low of 74.17, Scotia Capital currency strategist Camilla Suttton said in a note.


"It seems reasonable that we will move closer to the 2009 low. The combination of a weak U.S. economic recovery, the prospects for quantitative easing, the lack of a credible fiscal plan, and a political environment that could well end in deadlock leaves the outlook for the U.S. dollar as negative," Sutton said.


"A period of rest may be approaching, however the U.S. dollar downward trend is strong and we expect that it will close the year at lower levels than it is currently trading at."


Sal Guatieri, senior economist at BMO Capital Markets, said at this pace the Canadian dollar is overvalued by as much as five to 10 per cent, but current momentum could drive it to parity "any day."

© The Financial Post


Read more: http://www.timescolonist.com/Dollar+pops+over+cents/3632780/story.html#ixzz11bh8rZWr

It cost me $619 Canadian to buy $602 US yesterday..they get you at the bank

 

[Disney-Chick]

My DF said he bought some yesterday $3000 and only paid $100!!!

 

[Ancien Maestro]

Dollar has been dropping against the US for the past couple of days because the Bank of Canada is holding its rates.. seems like less accelerated flat growth for the foreseeable future.

 

[Sue M]

It was .97something today. Sure beats the days when we were down to .65!!!
I've been putting $100 each pay day into my USD acct.

 

[Auto Dub]

Does Disney World accept Canadian money at par when it's within a few cents of the US dollar like some northern locations do?

 

[Ted in Halifax]

nope ... never ... don't even think about it. Nothing like the northern states ....

 

[mtmbyck]

I'm not even sure Disney will take Canadian currency.............