Re: Exchange rate
 

What arrogance - I hope I don't end up living next to him:mad::mad:

Re: Exchange rate
 

the report i heard on the news this morning said the opposite,that if this rate affected inflation to the extent they wish, they may drop the rate before christmas to reign in the loonie.
am i the first poster to mention christmas.:D

Re: Exchange rate
 

Well, this one is talking about 5.25% early next year:

http://www.cbc.ca/money/story/2007/0...edecision.html

Personally, with the rapidly rising oil price and the chaos that's beginning to appear in the debt markets I suspect rates are going to go up faster and much higher than most people expect.

Re: Exchange rate
 

i've seen this posted before mark, but thought that a rise in oil prices would be good for those changing £ to $, is this not correct?, i'm confused.

Re: Exchange rate
 

That's one of the reasons why the Canadian dollar has been rising so much; both the pound and the Canadian dollar are pushed up by oil price rises, but it seems to affect the Canadian dollar more than the pound.

But the bigger point is that the inflation in oil is pushing up inflation everywhere and that's going to push up interest rates.

Re: Exchange rate
 

right, thats a little clearer, thanks.

Re: Exchange rate
 

$2.148 on XE!! Things maybe looking up! :)

Re: Exchange rate
 

Yeah, think I might actually move some today, hovering around the 2.15 mark.

More rubbish news from the US economy ($2.03 to the pound!) seems to be hitting the loonie a bit.

Re: Exchange rate
 

My husband is also avidly watching the rates on the internet and he is also thinking we may move it today - in which case I will be trailing over to our bank branch in Burnley on Friday with all the paperwork to transfer it!

Re: Exchange rate
 

Can we do a collective prayer session and all push it up together.

Am I being greedy by asking for 2.3 by September.

Re: Exchange rate
 

I have now transferred the lot as I couldn't stand it anymore. I got $2.1450 which is 20c less than when this thread was started, but 4c more than right now so can't complain too much. What's $30k between friends :(

I am going to remove all my internet favourites relating to currency exchange and never ever check the rate again.

I hope it all works for you in the end, the broker I spoke to seemed to think the Canadian economy was on a roll (I bet he just wanted his commission but he scared me) so I crumpled.

Re: Exchange rate
 

If it's any consolation.... I've watched my CAD potential evaporate since the days of 2.35. BUT some of the houses I'm looking at have dropped in price so much that it more than compensates. The biggest drop I've noted on mls.ca in the area I'm going to (Montreal) is 130k!! And interest rates are rising, which isn't good for people with a mortgage.

So we might lose on one hand, but we might gain on another.

Re: Exchange rate
 

yeah right, thats like saying you are off ice cream, beer and sex, not necessarily in that order but preferably all together. you'll crack mate, just a matter of time. especially if your missus is anything like mine, who having bought something then goes into the sales to check the reduction and moans??
glad to hear you got 2.14 though, did he mention how long it may stay around this level

Re: Exchange rate
 

Sorry are you talking about exchange rates? I have no idea what you are talking about. Never heard of them...you are asking the wrong person.


Well actually I just checked www.xe.com and it's 2.12 at the mo but he did say he's expecting it to go back to about $2.08 until the next BOE rate rise in August/September, the reason for this is the CAD $ is so strong at the moment people are still investing in the Loonie quite heavily.

If it does go back up to $2.30 you will find me hanging from a bridge somewhere in Kamloops ;)

Re: Exchange rate
 

yes you said you wouldn't check it, hence the quote, thats like saying you'll never....... as of course you will, its human nature, i hope it stays around that rate, its what i am hoping for, feel a little greedy now hoping for more, not that i'd say no.