Value Resort at Deluxe Prices oh how the exchange rate sucks.

[Gina-Gina-Bo-Bina]

The exchange rate is only going to get worst and worst. Its expected to be about 1.60 in the summer. Might as well book and pay off your vacations ASAP or else youll be stuck at home doing nothing. You only live once and its only money. Cant take it with you when your 6ft in the ground.

What is your source for that forecast? I am just curious, as I work for two financial planners so the value of the dollar is always a hot topic with our clients (and something both financial advisors watch on a daily basis). All of the mutual fund companies whom we represent are anticipating the dollar will continue to fall for a bit yet, but not by 60%.

 

[Ted in Halifax]

I'm with Gina .... 1.60? I'm not a financial analyst, only a hand model, but I think 1.60 would mean a barrel was devalued to around $20. I know there is a Goldman Sacs article that supports this price of oil, but I don't buy it. If this correct, I can only say Yikes .....

 

[Frank4202]

What is your source for that forecast? I am just curious, as I work for two financial planners so the value of the dollar is always a hot topic with our clients (and something both financial advisors watch on a daily basis). All of the mutual fund companies whom we represent are anticipating the dollar will continue to fall for a bit yet, but not by 60%.

http://longforecast.com/fx/canadian-dollar-to-us-dollar-forecast-for-2015-2016-and-2017.html

 

[Gina-Gina-Bo-Bina]

http://longforecast.com/fx/canadian-dollar-to-us-dollar-forecast-for-2015-2016-and-2017.html

I definitely wouldn't stake the farm on that chart. Its just a bunch of numbers, with absolutely no information on what they are basing their assumptions on.

Not to say it won't drop as far as you are suggesting.....quite honestly, none of us truly know (and many "projections" have been completely wrong in the past).....but 1.60 seems excessive, even by alarmist standards.

 

[elaine amj]

I remember the days when 1.4/1.5 was the norm. I've treated this whole "at par" thing for the last few years as hugely unusual. It sucks when we spend in the US...but it sure is nice to see Americans visiting Canada again