http://ap.google.com/article/ALeqM5j6DO ... d4DI8fUeXw
The Canadian Dollar now equals an american dollar!
XD
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Good news for Canadians like Laco!
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Good news for Canadians like Laco!
by Lord Khyron » Sun Sep 23, 2007 5:12 am
~Ima Ga Sono Toki Da!"
~Imagination and memory are the same thing which for diverse considerations have diverse names~
~Imagination and memory are the same thing which for diverse considerations have diverse names~
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Lord Khyron - Scorpius
- Posts: 333
- Joined: Thu Sep 13, 2007 9:18 pm
- Location: Tyler, TX
by LaconianShot » Sun Sep 23, 2007 7:03 am
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.
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.
The black queen chants
The funeral march,
The cracked brass bells will ring;
To summon back the fire witch
To the Court of the Crimson King.
The funeral march,
The cracked brass bells will ring;
To summon back the fire witch
To the Court of the Crimson King.
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LaconianShot - Locusta
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- Joined: Fri Sep 07, 2007 10:58 pm
- Location: Canada
well..
by Lord Khyron » Sun Sep 23, 2007 7:02 pm
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..
That is what you get when you can't agree on things and are egotistic..
~Ima Ga Sono Toki Da!"
~Imagination and memory are the same thing which for diverse considerations have diverse names~
~Imagination and memory are the same thing which for diverse considerations have diverse names~
-
Lord Khyron - Scorpius
- Posts: 333
- Joined: Thu Sep 13, 2007 9:18 pm
- Location: Tyler, TX
So does that mean..
by Lord Khyron » Thu Sep 27, 2007 4:54 am
I can buy you for American Dollars now Neo? XD
ROFL...
ROFL...
~Ima Ga Sono Toki Da!"
~Imagination and memory are the same thing which for diverse considerations have diverse names~
~Imagination and memory are the same thing which for diverse considerations have diverse names~
-
Lord Khyron - Scorpius
- Posts: 333
- Joined: Thu Sep 13, 2007 9:18 pm
- Location: Tyler, TX
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