Good news for Canadians like Laco!

Posted:
Sun Sep 23, 2007 5:12 am
by Lord Khyron
http://ap.google.com/article/ALeqM5j6DO ... d4DI8fUeXw
The Canadian Dollar now equals an american dollar!
XD

Posted:
Sun Sep 23, 2007 7:03 am
by LaconianShot
Actually, in many ways this is a bad thing for the Canadian economy. American companies hire Canadian manufacturers to construct products for them based on the fact that they can pay less money to the Canadians than to their American counterparts because of the advantage that the USD has over the Canadian dollar.
Canadian companies like this arrangement, because we get a large portion of our business from the US, and plus they can easily justify the shipping costs because we are payed less. However, if the dollar reaches parity (and stays that way), then US contractors can no longer justify shipping costs, and we lose business based on the fact that now it's more profitable for US businesses to buy from other US businesses (primarily based on location).
So on the surface it looks good, but the economic ripples that it creates would probably give us more trouble than it's worth, anyway.
well..

Posted:
Sun Sep 23, 2007 7:02 pm
by Lord Khyron
At least you won't face the problems of the Europeans having to pay almost 1.5 times as much as us.. LOL
That is what you get when you can't agree on things and are egotistic..

Posted:
Thu Sep 27, 2007 12:07 am
by Neo48
Holy shit, Canada got some soveriegnty back.

So does that mean..

Posted:
Thu Sep 27, 2007 4:54 am
by Lord Khyron
I can buy you for American Dollars now Neo? XD
ROFL...

Posted:
Thu Sep 27, 2007 6:01 am
by Neo48
Only if you pay in colourful money!