out of curiosity is that they exact phrase they used?

I see its down to 1.95 today (which means you would actually get 1.93 or 1.94 something). I personally think we may see it dip into 1.8something within the next 3 months, especially if the UK housing market takes the turn that people are predicting. People who exchanged recently and got what they thought was an absolutely terrible rate probably did the right thing.

yeah, honest, they said "rubbish"

You're right about changing cash at a better time. I have held off for 2 months hoping to see it drift back to 2.35. In that time, it's dropped like a stone, and dropping faster.

However, someone who appears well versed in these matters on another forum says the BOC have to intervene, and do so quickly, or it will be a disaster for Canada. Apparently the currency is being pushed up by speculators, nothing else.

Did you see on TV last night how Chrysler Canada are now selling cars for the same price as in the States, to try and stop people just popping over the border? And they're shedding 1200 jobs in Canada.

As I said on here before a while ago, our dream of buying a house here is now just that. We will try not to change one single penny at these rates.

As i posted yesterday had to transfer money, i used money corp, just checked my accounts in canada and the money is already there. Pretty damm fast i thought. Next day service and thy seemed very professional. i have no hesistation in recommending them

regards

steve

It may only be speculators, but as we saw a decade or so ago when the pound almost dropped to parity with the US dollar, these low lifes can cause a lot of damage.

Certainly a long term high Canadian dollar cannot be good for the economy since Canadian goods now look very expensive. The car pricing is a joke (or rather a real annoyance), Chrysler are desparate but the stronger Japanese manufacturers are pulling out the stops to try and stop Canadians buying cars in the US. Subaru appear to be the one exception. A colleague saved just under 20k buying his Trica in the States last month.

And don't even get me started on the price of books!!!

So high oil prices and a strong economy with low unemployment have nothing to do with it then?

http://www.cbc.ca/money/story/2007/1...ollarrise.html

Addressed Wednesday by Wal-Mart, American pricing on all books and magazines.

http://www.cbc.ca/cp/business/071031/b1031150A.html

Others following suite rapidly.

Makes me want to cry. I see today 1 US dollar is only 93 cents! Not good for my plans of buying a house right after landing this spring. Regardless, I'll be happy to be out of Southern California.

93 cents is the official exchange rate if you were to sell US dollars at the TD Bank you'd only get 91.36 cents Canadian for them.

http://www.tdcommercialbanking.com/t...ance/rates.jsp

Oi! I hope you have to suddenly up and buy a house in California.
Don't really but you get how some people are feeling.

Just telling it as it is.

I know, but everyone who's coming out knows how it is.

But most of us want .... Hey, Don't worry already!! Life is GOOD out here! Money! Shworry! Hey it's paradise! You'll do real good! Big houses! People are all like angels!

Meanwhile I'm trying to find out what these bloody cables trailing across the basement ceiling are being used for. For they may lead anywhere..I'm going to find a Shakespeare sonnet for how I feel about this around 3am Saturday morning. Thank whatshisname the clocks go back this weekend.

Sorry Steve, this laptop is far too close to the basement door.

No idea Steve. I'm not an economist or a financial advisor. I'm just letting people know what other, apparently well informed, opinions are. As for the oil... lots in reserve but I've heard they need a nuclear power plant to have any hope of economical extraction. Seriously. And the "low unemployment" seems to be changing very fast, if CBC TV is to be believed. Lots of companies laying off now... because nobody can afford Canadian stuff.

I know that you were the first to start this thread so I thought I would let you know our sorry tale ...! We had our first reccie in March 2005 when the $ was $2.39, moved a year later and HAD to exchange the proceeds of our house. We got $2.03 then ... if anyone is 'sick' it is us, we would have loved to have got $2.25!!!
Best wishes
Sam and Stuart

A least you got 2.03. Look at it today. Count your blessings!

This doesn't fit with the jobless figures from October.

From the same CBC article:
http://www.cbc.ca/money/story/2007/1...ollarrise.html
There may be layoffs in the manufacturing sector but those people are apparently finding work elsewhere.

http://www.cbc.ca/money/story/2007/11/02/oct-jobs.html

Really hard to say where things are going, although selfish as it sounds, a little slowdown in things would be welcomed by some, myself included.