Why is our dollar dropping?!!!

[Gina-Gina-Bo-Bina]

Well twist my rubber vacation planning arm why don't you?

It's not completely out of the realm of possibility but we have to see how the year unfolds job wise for dh. I will be keeping it as a distinct possibility though. We were even saying on the trip we were just on that we wouldn't mind doing a Universal only trip this summer and that the boys really missed the water parks on this trip.

C'mon.....you know you need to be planning another trip. Its in your blood .

I totally want to see your name and dates added to our 2014 Roll Call thread. Its just not the same without you listed there!!!

 

[Canadian Girl]

The Sears MasterCard is free and anything charged on it in US funds is straight exchange with no additional 2.5% you get charged with cash from the bank or with other credit cards. I usually charge everything to my account now and take very little cash when we travel.

 

[disneyfreak89]

We also have a BMO US Mastercard with no extra exchange fee.

Just purchased our Travelers Cheques! Yes we still use them, safer than carrying cash since we don't like to charge food etc.

 

[tinkerone]

We also have a BMO US Mastercard with no extra exchange fee.

Just purchased our Travelers Cheques! Yes we still use them, safer than carrying cash since we don't like to charge food etc.

BMO U.S. mastercard here as well and I get airmiles on it so its a win win.
also, as far as what makes the rate move around so much, well if Obama even sneezes it will change it. there really is no rhyme or reason that you can pin point. heck, the results from black Friday shopping affects it and that's true. to many things for you and me to be trying to figure it out.

former banker here who thinks she knows it all....lol.

 

[disneyfreak89]

BMO U.S. mastercard here as well and I get airmiles on it so its a win win.
also, as far as what makes the rate move around so much, well if Obama even sneezes it will change it. there really is no rhyme or reason that you can pin point. heck, the results from black Friday shopping affects it and that's true. to many things for you and me to be trying to figure it out.

former banker here who thinks she knows it all....lol.

YES Airmiles here too!

I agree, its too hard to figure out and when I first posted, the dollar was going down, down, down so I was freaking out a bit! Its been steady the past week or so at .94 so we just bought. Leaving in 11 days!

 

[Gina-Gina-Bo-Bina]

My brother is a Financial Analyst for CIBC. He calls hogwash on that theory! I was going to buy a whack of US and said don't its not going to happen.
I hope he is correct!

And....our dollar has dropped below 90 cents US.

I wonder just how low it will go?

 

[grantclaire]

I just paid our Disney Cruise booked for December off early. Had the funds available and could not handle the dollar dropping! Will now start to go up!

 

[CanadianPaco]

And....our dollar has dropped below 90 cents US.

I wonder just how low it will go?

I saw this too today! EEEK

 

[OnceUponATime15]

For a while mid afternoon today the dollar had slipped to 0.8988 cents almost at the predicted 0.88 cents in the Goldman Sachs article. And that is the exchange rate before any bank/CC/currency exchange charges... Those can add another 2 or 3% to the rate.

While I'm happy for my American friends that their economy is finally recovering from the recession & mortgage crisis. I miss the days that our currency was above par or at least at par.. *sigh* lol.

 

[DisneyRookie2007]

As frustrating as the exchange rate is when planning a vacation in the next few months...it could be worse. Consider this. My daughter is attending college in the USA and her yearly costs are $25,000 US...so this is costing us more by the day....I sure hope it rebounds soon.

 

[Belle599]

Icky dollar! Obviously Bank of Canada is purposely managing it downward (for us USD spenders) by commenting on the sub-optimal inflation.



There is still more room in the market for the CAD to drop guys, so don't think that this $0.88 comment by Goldman is the floor to this. Thumbs down.

A small part of me wishes that BoC would raise interest rates to slow things down. As someone who holds a mortgage, this would kind of suck. But on the other hand, maybe it would help slow down and soften the housing market?

*sigh*

 

[Gina-Gina-Bo-Bina]

There is still more room in the market for the CAD to drop guys, so don't think that this $0.88 comment by Goldman is the floor to this. Thumbs down.

I work for two financial planners. One was on a webinar all afternoon today, hosted by CI Investments. One of their prominent fund managers, Eric Bushell, is predicting the dollar will fall to 84 cents....but said its unclear whether that will be in a few months or a few years.

Still better, though, than our first trip to Orlando in January 2009, when our dollar was under 70 cents US .

 

[Belle599]

I work for two financial planners. One was on a webinar all afternoon today, hosted by CI Investments. One of their prominent fund managers, Eric Bushell, is predicting the dollar will fall to 84 cents....but said its unclear whether that will be in a few months or a few years.

Still better, though, than our first trip to Orlando in January 2009, when our dollar was under 70 cents US .

I love your positive outlook.

 

[mamabear0222]

Ugh I still have not bought my US funds...kicking myself now

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