Exchange rate
#1291
BE Enthusiast
Joined: Aug 2005
Location: Was Brentwood, Essex Now Wasaga Beach, Ontario
Posts: 895
Re: Exchange rate
Chris i have to meet the removal guys in Barrie tomorrow. Depending on time i might pop round to yours to update you with another picture.
All the best
Chris
All the best
Chris
#1292
Re: Exchange rate
See you soon.
#1293
BE Enthusiast
Joined: Nov 2007
Location: Abbotsford, BC
Posts: 450
Re: Exchange rate
Welcome tax???
#1294
BE Enthusiast
Joined: Nov 2007
Location: Abbotsford, BC
Posts: 450
Re: Exchange rate
£1 - $2.0396 keep it coming!!
Last edited by scottymallo; Jul 2nd 2008 at 2:58 pm. Reason: mistake
#1296
BE Enthusiast
Joined: Nov 2007
Location: Abbotsford, BC
Posts: 450
Re: Exchange rate
Thanks Geedee,
I was worried that when i bring my money over to buy my first house in Canada to i would have to pay tax on it! Im waiting till sept and hoping the exchange rate will hit 2.10! good luck with the house move
I was worried that when i bring my money over to buy my first house in Canada to i would have to pay tax on it! Im waiting till sept and hoping the exchange rate will hit 2.10! good luck with the house move
#1297
Immigration Consultant
Joined: Jun 2007
Location: Halifax, Nova Scotia
Posts: 2,144
Re: Exchange rate
There is some real concern in Canada at the moment that the economy is not as strong as everyone thinks it is. Increasing commodity prices have been masking an underperforming economy in other respects for some time and whereas it looks like Canada has been bucking the downturn trend in the US and UK in reality it hasnt. If commodity prices fall back then things will look worse that we thought. So despite bad news from the UK I think that the exchange rate could get back to 2.10 in the next couple of months. I dont think it will go much higher than that (certainly not back to 2.30ish). Longer term though we will probably return to around the 2.00 mark
#1298
Re: Exchange rate
For what its worth, here is my prediction on where exchange rates will go (and fyi I'm not an "expert" but I've been right a couple of times in the past)...
There is some real concern in Canada at the moment that the economy is not as strong as everyone thinks it is. Increasing commodity prices have been masking an underperforming economy in other respects for some time and whereas it looks like Canada has been bucking the downturn trend in the US and UK in reality it hasnt. If commodity prices fall back then things will look worse that we thought. So despite bad news from the UK I think that the exchange rate could get back to 2.10 in the next couple of months. I dont think it will go much higher than that (certainly not back to 2.30ish). Longer term though we will probably return to around the 2.00 mark
There is some real concern in Canada at the moment that the economy is not as strong as everyone thinks it is. Increasing commodity prices have been masking an underperforming economy in other respects for some time and whereas it looks like Canada has been bucking the downturn trend in the US and UK in reality it hasnt. If commodity prices fall back then things will look worse that we thought. So despite bad news from the UK I think that the exchange rate could get back to 2.10 in the next couple of months. I dont think it will go much higher than that (certainly not back to 2.30ish). Longer term though we will probably return to around the 2.00 mark
My feeling is that the place cannot remain immune, nowhere can. I think there will definitely be a house price correction affecting all Provinces to various degrees (I know I've just bought one, but for me it's an "anchor", not an investment, and I couldn't wait for the prices to drop).... and I think the long term average rate is 2.20, isn't it? That's where I expect it to go, heading there by years end, if not sooner (maybe wishful thinking.... fingers crossed, eh?)
#1299
Re: Exchange rate
2.02848
Go on girl!
It just doesn't seem to want to break through this "ceiling".... I don't think the traders have had any direction for ages now.... Cnelred, are you reading me, over?
Go on girl!
It just doesn't seem to want to break through this "ceiling".... I don't think the traders have had any direction for ages now.... Cnelred, are you reading me, over?
#1300
BE Enthusiast
Joined: Jan 2008
Location: West Lothian
Posts: 685
Re: Exchange rate
Traders on holiday just now, including cneldred...........
#1301
mclauchlan35
Joined: Dec 2006
Location: Was Prestwick Ayrshire, now Canmore AB.
Posts: 999
Re: Exchange rate
Slightly better than I have seen for a little while, a little bit of hope for those needing to change
#1302
Forum Regular
Joined: Aug 2005
Location: Carleton Place, ON
Posts: 133
Re: Exchange rate
When we started looking at going to Canada, the rate was $2.50. $2.50!!! Fingers crossed it will get somewhere near that again some time soon. $1.80 or thereabouts is no good at all, Canada!
#1303
mclauchlan35
Joined: Dec 2006
Location: Was Prestwick Ayrshire, now Canmore AB.
Posts: 999
Re: Exchange rate
It was at 2.03 today on the hifx linked to the site although I think it has fallen since.
#1305
BE Enthusiast
Joined: Aug 2005
Location: Was Brentwood, Essex Now Wasaga Beach, Ontario
Posts: 895