1. Welcome! Please take a few seconds to create your free account to post threads, make some friends, remove a few ads while surfing and much more. ClutchFans has been bringing fans together to talk Houston Sports since 1996. Join us!

Canadian Dollar broke the 1.00 USD mark

Discussion in 'BBS Hangout' started by No Worries, Sep 20, 2007.

  1. pgabriel

    pgabriel Educated Negro

    Joined:
    Dec 6, 2002
    Messages:
    42,794
    Likes Received:
    3,005
    how many of these programs passed besides the tax cuts?
     
  2. weslinder

    weslinder Contributing Member

    Joined:
    Jun 27, 2006
    Messages:
    12,983
    Likes Received:
    291
    Huh?

    All of those are in place now. (Not Universal Healthcare obviously, but I didn't mean to imply that it was.)
     
  3. Mr. Clutch

    Mr. Clutch Contributing Member

    Joined:
    Nov 8, 2002
    Messages:
    46,550
    Likes Received:
    6,131
    All of them I'm pretty sure.
     
  4. Mr. Clutch

    Mr. Clutch Contributing Member

    Joined:
    Nov 8, 2002
    Messages:
    46,550
    Likes Received:
    6,131
    Good points, that is a massive amount of spending. Though I still think the monetary policy is the main factor here.
     
  5. pgabriel

    pgabriel Educated Negro

    Joined:
    Dec 6, 2002
    Messages:
    42,794
    Likes Received:
    3,005
    so your argument is that no child left behind, and prescription coverage through medicare is the reason the dollar has fallen, although one hasn't even been in existance that long, and no child left behind actually makes schools perform better to receive extra funding?

    no child left behind is a failure, its no drain on the budget.
     
  6. Deckard

    Deckard Blade Runner
    Supporting Member

    Joined:
    Mar 28, 2002
    Messages:
    56,814
    Likes Received:
    39,127
    Unless you are getting beer and ale from local micro-breweries, Canadian beer sucks, in my opinion. The local stuff is superb. Really, really good. Sadly, not much (if any) is exported to Texas and the rest of the country. (maybe someone can tell me if it is) My friend in British Columbia gets the beer and ale for his Jazz, etc. Festival in Kaslo from a brewery in Nelson. Can't remember the name, but I remember how it tastes!



    D&D. Impeach Mr. Bankrupting America.
     
  7. Pole

    Pole Houston Rockets--Tilman Fertitta's latest mess.

    Joined:
    Feb 15, 1999
    Messages:
    8,503
    Likes Received:
    2,628
    I suspect the biggest reason for the boon in the Canadian dollar might have something to do with a **** load of oil being pulled out of Alberta.
     
  8. Saint Louis

    Saint Louis Member

    Joined:
    Jun 27, 1999
    Messages:
    4,260
    Likes Received:
    0
    Canada has oil!?!?! Quick get the invasion plans ready!
     
  9. pppbigppp

    pppbigppp Member

    Joined:
    Mar 18, 2007
    Messages:
    608
    Likes Received:
    8
    Not so. Don't think it as a boon of Canadian monopoly money, but rather the dollar is in a state of free fall. Just look at exchange rate with all other currencies.

    Some people bark about how we are a "consumer society", or how we will use force if necessary to protect "our way of living". I wonder if they ever reflect on the true destroyers in their non-sustainable dream world.

    This is only the beginning. Unfortunately the outlooks is not pretty.
     
  10. Dreamshake

    Dreamshake Contributing Member

    Joined:
    Mar 2, 1999
    Messages:
    1,708
    Likes Received:
    1
    Well then by your definition and the facts I present above the Bush administration has failed catastrophically. People being the key word...not select few.


    Where is the safety net in paying for your health insurance, or the fact that the same job pays less now (comparatively speaking) then it did 8 years ago? Or why is having someone being poor considered a govt safety net. Being poorer doesn't mean that the Govt is helping them out.


    The holes in your rational are as big as the one in your head I guess.


    There is something inherently funny about a person who misspells incompetent. LOL.
     
  11. ChrisBosh

    ChrisBosh Member

    Joined:
    Mar 29, 2006
    Messages:
    4,265
    Likes Received:
    259
    By the way I live in Canada and all I can say is....we're going to go wherever you guys do….... and parity is a horrible thing for us, as much as we’d like to think it’s not…
     
  12. Highwire

    Highwire Member

    Joined:
    Nov 16, 2006
    Messages:
    563
    Likes Received:
    0

    Yeah, this is Clinton's fault. :eek:
     
  13. Dubious

    Dubious Contributing Member

    Joined:
    Jun 18, 2001
    Messages:
    18,316
    Likes Received:
    5,088

    And diamonds, and other minerals, plus a small homogeneous population, plus a big brother that does 90% of securing your borders, plus a jobmarket that can absorb anyone willing to move to Ft. McMurray.

    Good times in Canada, but it still sucks six months a year.

    If I were young and independent and needed to make some good money, I'd take off the the Great White North (it's the beauty way to go?)

    <object width="425" height="350"><param name="movie" value="http://www.youtube.com/v/e6LPCM8iflI"></param><param name="wmode" value="transparent"></param><embed src="http://www.youtube.com/v/e6LPCM8iflI" type="application/x-shockwave-flash" wmode="transparent" width="425" height="350"></embed></object>
     
  14. DonkeyMagic

    DonkeyMagic Contributing Member
    Supporting Member

    Joined:
    May 22, 2006
    Messages:
    21,544
    Likes Received:
    3,386
    the govt certainly has some effect but i dont think , but i do not agree that no child left behind or nat'l security spending is a major contributor.

    I do think the monetary policy was a bit over agressive and am affraid they may do the same thing again. Sometimes you have to let people suffer for their mistakes...too much intervention can be a bad thing

    But a lower dollar is not necessarily a bad thing.
     
  15. weslinder

    weslinder Contributing Member

    Joined:
    Jun 27, 2006
    Messages:
    12,983
    Likes Received:
    291
    No Child Left Behind gives a lot of federal funds to school districts to educate special needs students. And the Department of Education was expanded significantly to manage it. It's not any one of those, it's the fact that the National Debt is still increasing, so faith in our central bank is dwindling.

    Conversely, Canada has run surpluses for more than a decade, significantly paid their debt down, and the loonie is doing good.

    I do think that the loss of strength in the dollar is partially overreaction. I think that's compounded by the fact that many international business feel compelled to "pick a winner" between Euros and Dollars, and some have picked the Euro, even though most of the EU is in as bad or worse shape than the US.
     
  16. Grizzled

    Grizzled Member

    Joined:
    May 31, 2000
    Messages:
    2,756
    Likes Received:
    40
    I’m constantly amazed by how many Canadian references you Texans know. You don’t need to go to Ft. McMurray for jobs, btw. In fact if you do you’d better bring a motor home with you, because that’s about the only place you’ll be able to find to live there. (A tent is not a beauty way to go in that part of the country at this time of year.) Here in the west anyway there are help wanted signs lining the streets of most major cities, but here in Calgary a one bedroom apartment will also cost you not far off of $1000/mo., and yes that’s $1000 in Cdn. or US dollars. The average house price is over $400,000. (The number of listings has quadrupled in the last 6 months or so, though, and I wonder how many people are cashing out and buying a retirement place in Phoenix or some other hot place where house prices are depressed).

    Of course you aren’t as accurate in other areas. “Homogeneous population” is a relative term and certainly Canada is much less homogeneous than most other countries in the world. We have largely handed defence of NA over the Americans, but I suspect that pressure from the Americans had a lot to do with that, (see the Avro Arrow story.) And I’m afraid that it doesn’t suck any month of the year here in Calgary, (although it probably sucks 12 months of the year in Toronto, so that may even out. ;-) ).

    An interesting/annoying quirk to this rise in the dollar is that retail prices haven’t caught up yet. For example, look at the list price of a book on Amazon.ca and compare it to the same book on Amazon.com and you’ll see that the same book on the Canadian site often costs around 30% more. Amazon.com is trying to protect Amazon.ca by upping its postage charges for international shipping to $12.50 for one book, but there are other places that are cashing in on the price differences and selling a lot of books to Canadians. There are still big differences in the prices of big ticket items like cars and large televisions too. In the US the price of a 2007 Toyota Camry starts at about $19,500, while in Canada it starts at little over $25,000.
     
  17. weslinder

    weslinder Contributing Member

    Joined:
    Jun 27, 2006
    Messages:
    12,983
    Likes Received:
    291
    Oil and cattle unite us. Seriously, when I worked in refining, at classes and such, Texans and Western Canadians were very disportionately represented.
     
  18. Grizzled

    Grizzled Member

    Joined:
    May 31, 2000
    Messages:
    2,756
    Likes Received:
    40
    Very true. I guess I’m just surprised at the number of Canadian cultural reference some of you know. My surprise may well speak more to the Canadian stereotype of Americans, I will sheepishly admit, but I think you’re right that there are some strong ties between Texas and Alberta in particular.
     
  19. rocketsjudoka

    rocketsjudoka Contributing Member
    Supporting Member

    Joined:
    Jul 24, 2007
    Messages:
    54,344
    Likes Received:
    42,406
    Well so much for skiing in Banff... :(
     
  20. Grizzled

    Grizzled Member

    Joined:
    May 31, 2000
    Messages:
    2,756
    Likes Received:
    40
    Well, tourism is down so you might be able to find some bargains. The locals are rich and spending so there may be more deals at resorts that cater more to international tourists, ones farther away from Calgary. (I live about an hour’s drive away from Banff, btw, on the west side of Calgary.)
     

Share This Page

  • About ClutchFans

    Since 1996, ClutchFans has been loud and proud covering the Houston Rockets, helping set an industry standard for team fan sites. The forums have been a home for Houston sports fans as well as basketball fanatics around the globe.

  • Support ClutchFans!

    If you find that ClutchFans is a valuable resource for you, please consider becoming a Supporting Member. Supporting Members can upload photos and attachments directly to their posts, customize their user title and more. Gold Supporters see zero ads!


    Upgrade Now