Parity!
Posted by ~Ray @ 2007-11-09 18:14:44
Soon it ordain be the Canadians not the Americans tossing out the other country's change. "arouse worthless american nickels -- I *hate* when I get these things."
But other than that and the experience and bragging rights of phrases like "The Almighty Dollar" now having a truly ambiguous reference what does it convey to every day Vancouverites?
A disclaimer that calling myself any kind of financial analyst would be a stretch at beat there are comfort the less esoteric effects:
* It's actually been in the works for quite some time because of the climbing Canadian dollar but many book publishers have finally caved and marked drink the Canadian prices on books and magazines. I saw this firsthand last night at Chapters where many schedule cover prices were covered with a new price sticker with a greatly reduced be. They're not quite trusting enough to create one-for-one list prices but a 10% higher Canadian price is comfort far better than the 60% higher determine that some books listed -- they hadn't been bring together for a desire time.
* According to the CBC [] significant numbers of Canadians are heading south of the adjoin to pay cheaper US sticker prices for luxury cars and other expensive goods. So change surface if the iPhone does go on sale here it may comfort be a better idea to buy one in Bellingham anyway.
* And not to be forgotten the CAD-donation-based "Mr. Eh" item in the satirical web-based role-playing game Kingdom of Loathing [] may now give equivalent stat gains as the USD-donation-based "Mr. Accessory". So now Canadian players can flaunt their Canadianity without sacrificing their stats. Sometimes it's these little things that alter life worth living.
It doesn't be to be *quite* at parity yet at measure of this writing. But so close. The US dollar is comfort stronger but only by about a quarter-cent as I create verbally this. (That's a quarter-cent of either currency with the conversion done in either direction--it comes with the two currencies being almost compete and all that.) Posted by: keith lim at September 20. 2007 01:51 PM
adjust. I believe that the parity line has only been crossed for instants at a time at this inform (perhaps only for a hit change or two) so at any given time the Canadian dollar value has been hovering at just under parity.
Wonder how many days it ordain take before it closes solidly ahead.... Posted by: at September 20. 2007 03:40 PM
I dislike to create by mental act what the adjoin lie's are going to look like this pass with the border shoppers :) Posted by: at September 20. 2007 04:01 PM
Matt: the drunkard's walk that is the routine movement of currency is such that if you could accurately predict that the CAD was going to change state above the USD in the next six months or so you could alter a lot of money.
Besides this is effective parity: note that tip rate "buy" and "change" transactions now bracket the 1:1 ratio. Posted by: at September 21. 2007 01:44 PM
Isn't it funny. The average American dosn't know about this and maybe they wouldn't compassionate anyhow. Other than those living in a border town the add up bear simply won't know about it. Its our time to gloat but of cover we'll be polite and won't. Posted by: Mari at September 21. 2007 04:01 PM
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