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CDN $ Dropping, yeah!

 
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blaseblasphemener



Joined: 01 Jun 2006
Location: There's a voice, keeps on calling me, down the road, that's where I'll always be

PostPosted: Tue Aug 05, 2008 2:10 pm    Post subject: CDN $ Dropping, yeah! Reply with quote

The Canadian dollar is 95 cents U.S. now, a one-year low, due to falling commodity prices.

Analysts are predicting a further drop, to 92 cents and lower.

1000000 korean won will get you 1028 canadian dollars, which still sucks, but should be much better soon as the world currency traders jump on the "dump the canadian dollar" bandwagon.

too bad for Canadians living in Canada though, as inflation is going to finally rear it's ugly head there. The high dollar has been shielding them up to now.

good for us ex-pats though!
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poet13



Joined: 22 Jan 2006
Location: Just over there....throwing lemons.

PostPosted: Tue Aug 05, 2008 10:34 pm    Post subject: Reply with quote

Crap! My family and I ended up not going to Canada (pregnant wife got sick), so I'm sitting on 8,000 CDN I bought a month ago. Double damn!
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Newbie



Joined: 07 Feb 2003

PostPosted: Wed Aug 06, 2008 3:50 am    Post subject: Reply with quote

poet13 wrote:
Crap! My family and I ended up not going to Canada (pregnant wife got sick), so I'm sitting on 8,000 CDN I bought a month ago. Double damn!


I kinda want to laugh at you, but that would be mean and I haven't entirely ruled out the possibility of karma.
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Spliff's Son



Joined: 09 Jun 2008

PostPosted: Wed Aug 06, 2008 3:51 am    Post subject: Reply with quote

Newbie wrote:
poet13 wrote:
Crap! My family and I ended up not going to Canada (pregnant wife got sick), so I'm sitting on 8,000 CDN I bought a month ago. Double damn!


I kinda want to laugh at you, but that would be mean and I haven't entirely ruled out the possibility of karma.


Go ahead..... Karma's a myth.
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blaseblasphemener



Joined: 01 Jun 2006
Location: There's a voice, keeps on calling me, down the road, that's where I'll always be

PostPosted: Fri Aug 08, 2008 3:00 pm    Post subject: Reply with quote

U.S. dollar is shooting up! That means CDN $ is going down!

2,000,000 won= $2078. CDN



Come on greenback!
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mindmetoo



Joined: 02 Feb 2004

PostPosted: Fri Aug 08, 2008 4:14 pm    Post subject: Reply with quote

I've got a lot of US money. And it's good for the Canadian software industry. Win win.
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