CDN $ doing good today

[mom_rules]

Shoes were on sale- buy two pair ($39) get one pair free, Levis had mens jeans 2 for $50 ($47 each here), PacSun had all their skateboarder clothes (hoodies, jeans) for $19.99 (they are about $54 for a hoodie and $80 each for jeans/skateboarder pants here), Vans had skateboarder plaid shirts for $19.99 (they are about $34 here), Disney store had $38 sweatshirts for $6.99!! plus an additional 10%. We always pack an empty roller duffle to put our extra stuff in on the way home.


@ 10:00 am
RBC 1.265
TD CT 1.266
CAA TC 1.2787

 

[DisneyLisa]

80.43 cents now.

 

[ChisJo]

80.43 cents now

Where did you find this? Bank of Canada hasn't released their noon rates yet, and is still listed as 79.55.

I said if our dollar reaches over 80 cents, I would buy all my passes for both Universal and WDW for my 2006 trip...so if this is true, I am buying today.
Jo

 

[mom_rules]

@11:00am

RBC 1.261
TD CT 1.261

TD CT borderless 1.255!!!

 

[jenn_loves_disney]

What does 'borderless' mean? I just phoned TD CT and i was quoted 1.26... but I know if I put money into my Canadian, THEN transfer it to my American acc. I get a little bit better rate (not much, but it adds up!). Would that be along the lines of what borderless is?

 

[FatCow]

2:30pm EST, xe.com

USD$1 = CAD$1.24578

or 0.802553

 

[ChisJo]

okay, I know that the dollar is doing really well...what do economists predict how it will do within the next couple of weeks? I want to buy tickets now, but do they predict that our dollar will only get better with time? Because if they do, then obviuosly I will wait and try to get closer to a better deal. What do you think?
Jo

 

[mom_rules]

I believe your understanding of borderless is correct (kind of like paperless transactions).

 

[jenn_loves_disney]

I don't know how to quote people (sorry) so this is fromFatCow's last post

"2:30pm EST, xe.com

USD$1 = CAD$1.24578

or 0.802553"

I am very new to buying american $$$, so how come this doesn't add up to me? I would have figured $1.24578 to be $.76 (or something close). What am I not understanding? All I want is to get the most for my money. I'd like to understand this, so I could just phone the bank before going, and know I'm getting a good deal. Oh, Why can't it all be equal, so it could stop my head from spinning, or at least stay the same long enough for me to walk to the bank!!!???

 

[DisFan2]

Hey Jenn,

I feel your pain. The problem is that this is not a straight addition situation. For example, if the dollar was worth .50 cents US, you couldn't add another 50 Canadian cents on top to come up with 1 US dollar - because each of those Canadian cents is not worth one US cent, it's only worth a fraction of a US cent. Clear as mud, huh?

What you have to do is divide one US dollar, by the current quoted rate to come up with the Canadian dollar equivalent.

For example, if the rate is .8025, divide 1 by .8025 and you get 1.246. Every US dollar will cost you $1.246 Canadian.

When I last visited the US, the rate wss .63 (i.e. the Canadian dollar was only worth 63 cents US!!!). To buy one US dollar cost about $1.58 Canadian - that REALLY hurt.

 

[ChisJo]

Well, economists predict that the dollar is going to stay around the .80 cent mark for awhile. This is great - I know that some people would love to see our dollar plummet for business reasons, and in a way I understand, but it's wonderful for all the travellers out there. For the first time in a long time, we can now travel to the US and not have to worry as much about what we are spending. It's kind of nice.

 

[DisneyLisa]

81.10 cents at 2:15pm
wooohooo

 

[DisneyLisa]

Highest level in more than 12 years.

 

[Susan--Ontario]

I just called TD Canada Trust and as at 2:00 I can buy US cash for $1.2575.

Should I buy a bunch on my line of credit and pay off some of my DVC or play the waiting game??

I just need a vacation!!!!!!!!!

 

[FatCow]

xe.com says: 1 USD = 1.233 CAD

 

[bunnyfoo]

I just saw on the news that the dollar closed at 81.04 today! Yay!!!

 

[DutchsMommy]

I am planning on putting some towards my trip - in pieces, couple hundred at a time - that way I can take advantge of dollar cost averaging - meaning if the dollar goes down or up it doesn't hurt as much if I put the whole thing in one shot, either I win a bit or lose a bit rather than either winning big or losing big, depending on whether the $ goes up or down - make any sense?? LOL

 

[mom_rules]

We've been doing the same sort of thing for about 8 years-I buy and deposit to our US account-then it doesn't hurt so much when I have to pay for things in US $.

 

[beebumble]

did you see the 3 piece luggage at Canadian Tire
I bought 3 sets (2 black and 1 red)
They even come with a 3 year guarantee
All for $9.99
HaVE a Disney day

 

[MECH8T7]

Did anyone see the article in the Globe on Thursday where most economists were agreeing that the Canadian dollar would be very healthy next year and could end up in the mid-80s by the end of next year?

I had been starting to accumulate USD for our trip next spring (and we are going to need some to pay for our 2006 DCL cruise) but I am now thinking of "going short" or maybe only accumulating half of what we'll need (a typical "Canadian" approach -- right down the middle) and take the risk on the balance.

Any guesses on what will happen to the loonie if the minority Liberal government gets taken down or if the sovereignty agenda resurfaces in Quebec?