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  1. #1
    ABW Ambassador
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    November 25th, 2005
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    Canadian Dollar and Affiliates
    Hi fellow Canucks,

    I was wondering how other Canadian affiliates are handling the recent parity between our dollar and the American dollar. I have opened an American dollar account and started to stock pile my American checks until the dollar shrinks back a bit. I really miss the days of a built-in 5 to 15 percent bonus.

  2. #2
    ABW Ambassador
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    January 18th, 2005
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    West Coast USA
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    The ones I know are NOT HAPPY

  3. #3
    ABW Ambassador ToughTurkey's Avatar
    Join Date
    January 18th, 2005
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    993
    It's breaking my heart. I started making real money in this biz in 2003, just as the loonie started to climb. I heard an analyst at the time say it was heading towards parity and I laughed. I am not laughing now.

  4. #4
    I like traffic lights
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    January 18th, 2005
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    Southern hemisphere - away from Fukushima
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    2,936
    >until the dollar shrinks back a bit

    Don't wait up.

    Canada has a zero deficit and more oil than anyone except Saudi Arabia.

    The USA's deficit under GWB has doubled the previous record. The people there are up to their eyeballs in personal debt, all securitised on house valuations that are trending downwards.

    What makes you think the Canadian dollar is going to reverse direction?

  5. #5
    ABW Ambassador
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    November 25th, 2005
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    639
    Quote Originally Posted by Drewbert
    Don't wait up... What makes you think the Canadian dollar is going to reverse direction?
    Thanks for harshing my mellow Drewbert! I am a part-timer so I can just let the greenbacks pile up in a US bank account until I see an appropriate moment to pounce and convert to C$s...

  6. #6
    ABW Ambassador kaizen's Avatar
    Join Date
    January 18th, 2005
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    Canada
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    I wouldn't hold my breath waiting for the Canadian Dollar to fall back too much, anytime soon. Unless China's economy really tanks and they don't want our resources so much, I can't see it happening. (and yeah, I know gold and oil are down today )
    We did not change as we grew older; we just became more clearly ourselves.
    ~Lynn Hall

  7. #7
    I like traffic lights
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    January 18th, 2005
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    Yeah. China will buy as much oil as Canada can dig up and separate from the sand

  8. #8
    Newbie
    Join Date
    October 20th, 2007
    Posts
    1
    Angry
    I found out yesterday that Pay Pal hasn't realized that the Canadian dollar is stronger than the American dollar. I think that they are using a conversion formula from 1995 because I was nicely ripped off on their "exchange rate". From reading the other posts, it looks like the way to prevent this is opening a US account.

    Anyone else have the "exchange rate" issue with any other American companies?

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