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Loonie reaches par with USD!!!!!!! - Page 2

post #16 of 24
9/20/07 at 4:54pm
The fact that you call your dollar a "loonie" means that you automatically lose.
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post #17 of 24
9/20/07 at 4:57pm
Thread Starter 
That's Mr. Loonie to you, now that the US dollar is our bitch.
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post #18 of 24
9/20/07 at 4:59pm
Quote:
Originally Posted by nmoraitis View Post
Why is that? I don't follow your logic.

Nevermind, it's the affect of old age and years away from doing exchange rate analysis. I got it ass backward.

When your currency appreciates against the dollar, then it allows you to buy more American goods. However, it makes Canadian goods less competitive in the US market, so you'll lose out when you try to export goods to the US. What I tried to say was that, as a result of the appreciation of the CAD, we'll be able to export more to Canada, everything else being equal. So, US producers will be able to put more money in their pockets.
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post #19 of 24
9/20/07 at 5:05pm
Thread Starter 
Quote:
Originally Posted by DarkNWorn View Post
Nevermind, it's the affect of old age and years away from doing exchange rate analysis. I got it ass backward.

When your currency appreciates against the dollar, then it allows you to buy more American goods. However, it makes Canadian goods less competitive in the US market, so you'll lose out when you try to export goods to the US. What I tried to say was that, as a result of the appreciation of the CAD, we'll be able to export more to Canada, everything else being equal. So, US producers will be able to put more money in their pockets.

Agreed. Our manufacturers have been taking a hit for the past several years, and it will only get worse. Fortunately, our services sector is doing just dandy, and Americans will always love our oil (even though the fumes from the oil sands will probably kill us).
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post #20 of 24
9/20/07 at 5:45pm
Presumably, Paul Stuart suits will only get more expensive.

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post #21 of 24
9/20/07 at 11:47pm
Quote:
Originally Posted by nmoraitis View Post
Aren't AE's at Harry's $390 + 14%? What a joke.
$410-425 as mentioned.. Some of the other shoes there are $525+++
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post #22 of 24
9/21/07 at 12:06am
This bodes well with Sky Valet now having a web store. When my EGs arrive from LeatherSoul I'll finally have a basis for comparison so i'll be able to feel good about ordering.
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post #23 of 24
9/22/07 at 8:54am
we'll see how well this works for clothing, when I go to uncle otis for some 5EP's in the next week or so. I really hope they are in line with the prices here (duty and tax should be about 15% before sales tax). I somehow expect they'll be more though.
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post #24 of 24
9/22/07 at 9:47am
So how many dollars to the Lira?
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