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11-06-2007, 04:07 PM
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#1
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Evil E
should edit this
Not so Fresh Meat
Join Date: Aug 2007
Location: Sleeping on knew's couch
Posts: 266
xBucks: 5,636
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Canadians: are you affected by the US currency drop
If so, did you find any work around / solution?
__________________
Hard Network - Contact me with a private message for trades(MGP/TGP+).
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11-06-2007, 04:49 PM
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#2
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Fluid
should edit this
Citizen X
Join Date: Nov 2003
Location: 2 blocks from the beer store
Posts: 10
xBucks: 195
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nope..I'm enjoying the 25% pay cut myself  |
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11-06-2007, 06:25 PM
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#3
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Jimmidean
is Sniffin Glue as it
is cheaper then
crack
Senior Member
Join Date: Oct 2005
Location: Ontario Canada
Posts: 550
xBucks: 8,344
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Raising prices as we speak.
I dont intend to continue taking this hit.
__________________
To drunk in the keys for a sighttp://www.xnations.com/images/smilies/smile.gif
ICQ 424349287
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11-06-2007, 08:13 PM
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#4
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Evil Chris
is drinking Heineken
Clone of myself
Join Date: Aug 2002
Location: Montreal
Posts: 12,984
xBucks: 409,900
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it's been tough watching that exchange rate the past 3 years.
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11-06-2007, 08:16 PM
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#5
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rhetorical
is cantankerous
Senior Member
Join Date: Dec 2006
Location: kitsilano
Posts: 497
xBucks: 290
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Quote:
Originally Posted by Fluid
nope..I'm enjoying the 25% pay cut myself |
I think you will find its more than 25 per cent....depending how long you have been in business. We are an export and it hurts.
__________________
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11-06-2007, 08:21 PM
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#6
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Funbrunette
is Travelling the
world!
CORRUPTED ADMIN!!!!!
Join Date: Aug 2002
Location: Montreal
Posts: 8,933
xBucks: 295,761
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ABSOLUTELY it's been horrible!  Especially we you get paid in US |
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11-06-2007, 09:59 PM
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#7
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Fluid
should edit this
Citizen X
Join Date: Nov 2003
Location: 2 blocks from the beer store
Posts: 10
xBucks: 195
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Quote:
Originally Posted by rhetorical
I think you will find its more than 25 per cent....depending how long you have been in business. We are an export and it hurts.
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it is...I was using the sarcasm in a generalization to hide my pain |
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11-07-2007, 12:46 AM
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#8
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GOD
is ...
Hallowed Be My Name
Join Date: Oct 2002
Location: Heaven
Posts: 299
xBucks: 4,340
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Historically speaking, the Canadian/US dollar rates do this every approximately 20 years ...
But then after the American dollar recovers, it soars to as high as 63% higher than its Canadian counterpart (remember 2003?) ...
That being said, if I were mortal, and living in Canada - hypothetically speaking of course - I would probably be placing a sizable portion of my monthly income into a high-yield AMERICAN savings account (ING's rates are currently at 3.75%), so that when the Benjamin does recover, I not only will have cashed in on getting more American dollars for my Canadian dollars (right now), but will also cash in again by waiting until the American dollar is in a positive position to the Canadian dollar to convert it back.
Depending on how long I wanted to hold off, I could (hypothetically) make upwards of 150-170% return on my money, in probably under 5 years time.
Find me a GIC or a registered savings bond that will do that?!?
Last edited by GOD; 11-07-2007 at 12:59 AM.
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11-07-2007, 12:53 AM
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#9
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Rochard
should edit this
Funbrunette's BITCH!!!
Join Date: Dec 2002
Location: Eating Cherries
Posts: 2,064
xBucks: 55,604
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Quote:
Originally Posted by GOD
Historically speaking, the Canadian/US dollar rates do this every approximately 20 years ...
But then after the American dollar recovers, it soars to as high as 63% higher than its Canadian counterpart (remember 2003?) ...
That being said, if I were mortal, and living in Canada - hypothetically speaking of course - I would probably be placing a sizable portion of my monthly income into a high-yield AMERICAN savings account (ING's rates are currently at 3.75%), so that when the Benjamin does recover, I not only will have cashed in on getting more American dollars for my Canadian dollars (right now), but will also cash in again by waiting until the American dollar is in a positive position to the Canadian dollar to convert it back.
Depending on how long I wanted to hold off, I could (hypothetically) make upwards of 150-170% return on my money, in probably under 5 years time.
Find me GIC or a registered savings bond that will do that?!?
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Damn.....
Taht's impressive really.
__________________
ROCHARD IS OMNIPRESENT
Director of Products & Services | YNOT
Skype rochardbuss
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11-07-2007, 01:35 AM
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#10
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Evil E
should edit this
Not so Fresh Meat
Join Date: Aug 2007
Location: Sleeping on knew's couch
Posts: 266
xBucks: 5,636
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GOD: the problem with this is, not everyone has the cash flow to do that.. the small fishes are hurt while the whales have options.
__________________
Hard Network - Contact me with a private message for trades(MGP/TGP+).
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11-07-2007, 01:50 AM
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#11
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rhetorical
is cantankerous
Senior Member
Join Date: Dec 2006
Location: kitsilano
Posts: 497
xBucks: 290
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Quote:
Originally Posted by GOD
Historically speaking, the Canadian/US dollar rates do this every approximately 20 years ...
But then after the American dollar recovers, it soars to as high as 63% higher than its Canadian counterpart (remember 2003?) ...
That being said, if I were mortal, and living in Canada - hypothetically speaking of course - I would probably be placing a sizable portion of my monthly income into a high-yield AMERICAN savings account (ING's rates are currently at 3.75%), so that when the Benjamin does recover, I not only will have cashed in on getting more American dollars for my Canadian dollars (right now), but will also cash in again by waiting until the American dollar is in a positive position to the Canadian dollar to convert it back.
Depending on how long I wanted to hold off, I could (hypothetically) make upwards of 150-170% return on my money, in probably under 5 years time.
Find me a GIC or a registered savings bond that will do that?!?
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Works if you earn Canadian dollars. I haven't earned a Canadian dollar in about 8 years, though.
__________________
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11-07-2007, 04:55 AM
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#12
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GOD
is ...
Hallowed Be My Name
Join Date: Oct 2002
Location: Heaven
Posts: 299
xBucks: 4,340
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Quote:
Originally Posted by rhetorical
Works if you earn Canadian dollars. I haven't earned a Canadian dollar in about 8 years, though.
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So you drop what you can spare USD into a high-yield savings account (such as ING American ISA) and wait for the Benji to pick up steam again ...
You'll still make a minimum 130% ROI in under 5 years ...
We're not talking chump change -- for something almost as sure as death and taxes ... |
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