It Did it! our Dollar got to 90 cents!

[mousy_in_canada]

1.00 CAD = 0.903535 USD
1 CAD = 0.903535 USD 1 USD = 1.10676 CAD

I am thinking that with the budget coming out today it will go even higher.. anyone else think that?

 

[eleanor]

I just paid 1.1165 at easyweb TDCT.

 

[OnMedic]

And if the BoC announces a rate hike on May 24th, or there is any speculation thereof as the dates gets closer, look forward to an extra point or two.

 

[BitsnBearsMom]

What about this article from the globe
http://www.theglobeandmail.com/servlet/story/RTGAM.20060502.wdollar0502/BNStory/Business

 

[dhluvsDisney]

Whohoo! (Except for the manufacturing sector). I think there will be a DVC add on in our future!...............

 

[DISNEY180]

That is great new to hear I am going in Jul and the last time I went the dollar was trading at I believe at 1.30 for 1 greenback. This time I won't feel the queasy feeling when doing the exchange.

I was also wondering do Disney Veterans set up US saving accounts? I have been thinking about doing but haven't gotten around to it.

 

[Princess4Eeyore]

Wow!!!!!!!! I cant believe it - THAT means more spending MONEY!!!!! YAY!!!! I have changed money twice already in the last week - lol!
DISNEY HERE I COME!

 

[mousy_in_canada]

That is great new to hear I am going in Jul and the last time I went the dollar was trading at I believe at 1.30 for 1 greenback. This time I won't feel the queasy feeling when doing the exchange.

I was also wondering do Disney Veterans set up US saving accounts? I have been thinking about doing but haven't gotten around to it.

I have a USD account that I add to whenever I can, I got money on friday so I can't get more until next week, I hope it goes up and not down before then! Seems to be holding at 90 so far.

 

[CanadianGuy]

I loved the bit in the Globe article about "Parity in 2007!!!"

 

[SnowWhite]

As excited as I am for our loonie, remember if you have a variable rate mortgage (and I do) you are paying a heck of alot more in interest on it than you are saving at the bank purchasing US funds. Unless you are buying a couple hundred thousand or more........I wish there was a way to keep interest rates low and have a strong dollar.

Rob (Snowwhite's DH)

 

[CanadianGuy]

Well.. the word apparently is that the dollar will keep climbing in part because of the crappy US economy.

Personally, I think that if the dollar gets close to parity - that you'll see a slowdown in the manufacturing and service economies in Canada (including tourism) that will eventually slow the economy and ease interest rates.

J

 

[Reese]

Now the dilema. Do I keep adding to my US account now or keep it in my Canadian one holding out for a better rate? Since we're not going until next year I think I might hold out and see.

 

[jncvh]

I believe that the dollar will continue to go up especially if the Arab nations change over to the Euro. This will really affect the USD and strengthen the CDN dollar. Tourism in Canada may decline as it would probably be cheaper for Americans to stay at home and Canada’s exports will also decline as the higher dollar will also make our goods more expensive to export, thus reducing our GDP. Canada's imports will grow which could have a positive or negative impact depending on the import. Bank of Canada will probably increase interest rates at least another quarter point next month to slow things down, our economy has been growing very fast and needs to be checked. When interest rates are higher consumer tend to hoard more money instead of purchasing and put their money into investments as they will receive a higher return. Yes, you will pay higher variable interest rates but you will make more money on investments especially short term GIC’s. When the rates start to go back down, probably near the end of the year, consumers will start to spend more money thus starting the cycle again. I think that the US will be in for a reality check over the next year. They have had a very strong economy, especially in the real estate market, which has inflated their value. Luckily for Canadians this has helped us with our dollar. But remember Canada shadows the US, our largest trading partner, and falls behind them by about 6 months so what ever affects them will affect us.

 

[seashoreCM]

All of you folks who saved up for Disney vacations using U.S. bank accounts over the past few years have lost money! Should keep the money in Canadian accounts if you think the CAD would rise relative to the USD. I won't say "should have" because no matter what you do, you are speculating on currency.

Back when it took 1.30 CAD to buy one USD did you think the disparity would get even greater?

With hindsight sure wish I opened a Canadian bank account.

Disney hints:
http://members.aol.com/ajaynejr/disney.htm