Re: Exchange rate
 

I run a clean energy R&D program and this outcome would surprise me very much indeed.

Algae can recycle CO2, but the scale of the bioreactors that would make a meaningful contribution is enormous (whatever the startups say). And oil is mostly not used in convenient places for capturing and recycling the CO2.

Re: Exchange rate
 

The Canadian economy is heading for deep shit unless the loonie weakens.

On Monday, a local Abitibi-Bowater paper mill announced an indefinite shut-down from end-June. It will not, cannot, re-open unless the loonie gets back to about 80 cents (US). Otherwise it can't compete.

Re: Exchange rate
 

By that measure, it has been uncompetitive on all but 55 business days in the last 5 years. Which suggests to me that it's not just a victim of an exchange rate aberration.

Re: Exchange rate
 

hi i am a layman when it comes to all this talk about money.all i need to know is .that in 12 months hopfully is the canadian dollar going to be $1.50 approx or maybe a bit more or less .i know poeple dont have crystall balls .i have been getting a brain freeze reading some the the post.sorry tim very nice but dim!:confused:

Re: Exchange rate
 

I believe you will get more dollars for your pounds as previously stated. Other posters agree with me.

There are also schools of thought on here that disagree with me and posters who agree with them.

We have all tried to evidence our arguements- but you have to pick a school of thought and go with it or add your own school.

I think the evidence has been good from both sides but you have to weigh up what you believe the impact of the evidence to be.

That failing if you cannot do that then flip a coin. You might be layman with money but that is not a diffciult thing to do. heads it goes up tails it goes down and then base your decision on that.

Or get advice else where. A few bored people posting on a forum is not always the first place I go when I need advice or information.

Re: Exchange rate
 

thanks for that.we have to make up our minds within the next two weeks regarding moving to ontario.just trying to get things clear in our minds we dont want to jump out of the frying pan into a fire!some of the topics make it hard.i was reading on one topic that you need $700000-$100000 ayear to live.we have been a few times on holiday and my friends dont earn that much and do ok .can you comment.

Re: Exchange rate
 

Obviously I don't know how big your family is?

I am in Toronto, Ontario and at the moment earn less than $70,000. I am in a flatshare, I have car and I can spend $300 per week drinking in downtown bars.

Elsewhere in Ontario it will be cheaper to live.

The average family in Ontario will have a combined income of less than $100,000.

Re: Exchange rate
 

there are 2+2 in our family unit age 7,9 we dont drink ,smoke.sorry wife likes the wine!is fillmores still downtown?i used to live in the beach long time ago(1987)$40 aweek for a house share on kingston rd.god they where gr8 summers.that why i want my family to grow up there.not toronto even though we have good friends there.within an hours drive would be cool.if we did't have a mortage would we be able to live?











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Re: Exchange rate
 

I live of Kingston Rd near the Beach =).

If I'm honest it's hard for me to relate as I don't have children or the responsibility level you have.

DBD33 has alot of experience of the Beach and I think raised a family there. There are other posters with family in the GTA too. I would suggest your own thread seeking advise on living costs for a small family in the area. Put some like's and hobbies down that you and your family enjoy doing. The more you put the more constructive the feedback (normally).

Obviously the more you earn the better but I think lot's of my work colleague's with family's get by on close to $100k with two children.

Re: Exchange rate
 

That explains a lot ;)

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i bet you 2 love each other really:lol:

Re: Exchange rate
 

$1.53 to the GBP

http://www.theglobeandmail.com/repor...rticle1575319/

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Good to see the £ with a bit of positve momentum! I haven't seen it jump so much for a while.

Re: Exchange rate
 

It's not anything to do with positive momentum of the £, more to do with money markets rushing to the U.S. dollar putting negative pressure on the Cdn dollar.;)

Re: Exchange rate
 

It's sentiment on the US dollar and Euro that drives the markets. GBP and $CAN have trivial influence by comparison.

As US$ has gone down commodities priced in US$ have gone up so suppliers like Canada have gone up. As the US$ is now going up and commodities going down the $CAN is going down.

As the sovereign debt issue in the Eurozone is looking worse each day traders are selling Euros and buying $US. High debt in the Eurozone means no growth and no spending on imports. UK does most exporting to the Eurozone these days - if they have less money for imports the UK will export less so negative sentiment for the GBP also.

Looks like Cameron can exercise a veto on this.
http://www.telegraph.co.uk/news/news...eaty-plan.html

And there's this about Great Depression II. Japan's credit is to be downgraded according to rumours.
http://uk.finance.yahoo.com/news/cit...592c21529.html