Canadian dollar hits 80 Cents

[alc571]

YAHOOO!!!!

That is all..

 

[starvenger]

It's been rising in general since last year's nosedive so that's good news indeed. Hopefully this holds up through the summer as I've trips to the US (business), Jamaica and UK/Spain scheduled...

 

[scrappinginontario]

Great news!!

 

[minnie mum]

Let's hope it continues, or at least stabilizes. So far I've had zero luck finding discounts for any part of our fall trip.

 

[Smooth_80]

Highest it's been since October.

Keep climbing, I've got a trip to pay for soon!!

 

[Disney127]

Keep climbing, I've got a trip to pay for soon!!

Me too! LOL

 

[xlxo]

Go Canada....
https://ca.finance.yahoo.com/q/bc?s=CADUSD=X&t=2y&l=on&z=l&q=l&c=

Sadly.... one analyst states the end of April is typically the peak for the oil ruble each year before stabilization or decline.

 

[FigmentSpark]

Go Canada....
https://ca.finance.yahoo.com/q/bc?s=CADUSD=X&t=2y&l=on&z=l&q=l&c=

Sadly.... one analyst states the end of April is typically the peak for the oil ruble each year before stabilization or decline.

Do you, by any chance, have a link to an item from that analyst. I've heard it will be strong for the summer, but truly, most of us are just crystal ball gazers. Still like to see what they all have to say, though.

 

[xlxo]

Do you, by any chance, have a link to an item from that analyst.

It was something I heard on the business radio as I was driving to work, can't find a link on the web.... I agree.... the forecasts are just wild guesses. I remember another analyst prediction where the 79 cent would not come until year end. Can't believe where we are in just a few months.

If you look at my previous chart link.... you can see there is a little levelling off around April/May each year. I think this is because of the start of "driving season" and usually when refineries are shutdown for maintenance.

Canada's industries also benefits with a LOWER dollar. Will the government come out with policies for a lower dollar in the coming weeks? One example would be more spending to put the country in debt.

 

[mshanson3121]

Go Canada....
https://ca.finance.yahoo.com/q/bc?s=CADUSD=X&t=2y&l=on&z=l&q=l&c=

Sadly.... one analyst states the end of April is typically the peak for the oil ruble each year before stabilization or decline.

Heres hoping it stabilizes. Im fine with an 80 cent dollar, thats what its been traditionally. Even higher would be better, but ill take it! 13 months till our trip.

 

[isabellea]

Just opened a USD saving account (BMO) with the plan of transferring money in it every pay check to balance out the up and lows of the dollar. I guess I'll transfer some extra this month in case it goes down again...

 

[Smooth_80]

Just opened a USD saving account (BMO) with the plan of transferring money in it every pay check to balance out the up and lows of the dollar. I guess I'll transfer some extra this month in case it goes down again...

+1 to this.

I did the same thing with my bank (Tangerine) and would move a big chunk of CDN funds over when the dollar was good.

 

[FigmentSpark]

We are in freefall!!!!

 

[ottawamom]

We are in freefall!!!!

I don't mind this at the moment as I have a hotel reservation in upstate NY with Canadian $ at Par. More of a discount for me. The dollar can rise up next week.

 

[bcwife76]

Dang it!!!

 

[Aladora]

Of course it is dropping...right after I opened up a US savings account with the express purpose of moving money over now that our $ finally hit $0.80!

/sigh

 

[FigmentSpark]

Of course it is dropping...right after I opened up a US savings account with the express purpose of moving money over now that our $ finally hit $0.80!

/sigh

Ah! I see you have the same curse I do.

 

[mshanson3121]

I don't mind this at the moment as I have a hotel reservation in upstate NY with Canadian $ at Par. More of a discount for me. The dollar can rise up next week.

Don't plan on it. Experts said months ago that this is exactly what was going to happen: the loonie was going to rally early in the year, and then would drop again. They expect it to continue dropping. Not to the levels we were at ($1.46), but will probably drop another couple cents at least back to $1.30ish. Though it could be more depending on what the Us does in June with their rates.

 

[samsteele]

I've been reading something a bit different . . . maybe just goes to show that trying to predict dollar exchange rates is like Mr. Toad's Wild Ride. I've been reading UK pound conversion online reports and they suggest that the Cdn dollar will rally again in the next few weeks to over 82 cents/US and then start to fall and stay down well under 80 cents for the rest of the summer. Maybe one of those who knows situations. However, many of us are still trying to buy US $s at the best rate possible.

 

[isabellea]

The dollar is falling because of Ft McMurray fire and the threath to the oil sands (+oil companies had to stop production). Looks badly for Cdn economy. Hopefully the rise will start again soon.