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Search: Posts Made By: Posidrive
Showing results 1 to 20 of 20
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Forum: Canada
Oct 16th 2009, 12:31 pm
Replies: 2,672
Views: 291,764
Posted By Posidrive

Re: Exchange rate

Anyone know what happened at 11 o'clock today. Things were sort of stabilizing then a large spike uwars to just over 1.70. Looked on the business news web sites and couldn't find anything
Forum: Canada
Jan 6th 2009, 6:34 pm
Replies: 2,672
Views: 291,764
Posted By Posidrive

Re: Exchange rate

What happened at 3 pm today? The pound has starting rocketing (sort of :) ) up.
Forum: Canada
Dec 22nd 2008, 10:08 pm
Replies: 2,672
Views: 291,764
Posted By Posidrive

Re: Exchange rate

And the reason is ?
Forum: Canada
Dec 19th 2008, 2:53 pm
Replies: 2,672
Views: 291,764
Posted By Posidrive

Re: Exchange rate

Wouldn't bank on it this year. Over the last few years the dollar has peaked in value during the Winter months because of the higher demand for oil in the Western world to provide heat (at least in...
Forum: Canada
Dec 15th 2008, 6:24 pm
Replies: 2,672
Views: 291,764
Posted By Posidrive

Re: Exchange rate

Drink enough of it and you won't care :)
Forum: Canada
Dec 4th 2008, 3:31 pm
Replies: 2,672
Views: 291,764
Posted By Posidrive

Re: Exchange rate

And just when I start to think that I'm beginning to understand the markets, the UK drops interest rates and the Canadian dollar immediately starts lossing value against it.

I give up :confused:
Forum: Canada
Nov 20th 2008, 5:22 pm
Replies: 2,672
Views: 291,764
Posted By Posidrive

Re: Exchange rate

NOOOOOOOOOOO!!!!! I work in the oil industry and the axe man paid a visit to our office yesterday :unsure:
Forum: Canada
Nov 19th 2008, 2:02 pm
Replies: 2,672
Views: 291,764
Posted By Posidrive

Re: Exchange rate

Anyone known why the pound is recovering a bit today?
Forum: Canada
Nov 14th 2008, 8:06 pm
Replies: 2,672
Views: 291,764
Posted By Posidrive

Re: Exchange rate

Not really true. The tar sands are viable at around the $40 mark. The major cost in producing from the tar sands is the ridiculous amount of energy that is used for extracting the oil compared to...
Forum: Canada
Nov 13th 2008, 8:01 pm
Replies: 2,672
Views: 291,764
Posted By Posidrive

Re: Exchange rate

I suspect/hope that house prices may have nearly flattened out in Alberta as I expect that as people loose their jobs in Ontario and have to move to a province where there are still some jobs to be...
Forum: Canada
Nov 6th 2008, 2:30 pm
Replies: 2,672
Views: 291,764
Posted By Posidrive

Re: Exchange rate

OK, I give up. Looking at the minute by minute HIFX chart, why has the rate increased by 2c on a steadily increasing profile since the announcement.

I though UK interest rate drops were meant to...
Forum: Canada
Nov 6th 2008, 1:56 pm
Replies: 2,672
Views: 291,764
Posted By Posidrive

Re: Exchange rate

As the experts have already said, it was probably already factored in because a 1% drop was rumoured. If it had only dropped by 0.5% then the rate would probably have increased.

But, who knows at...
Forum: Canada
Nov 3rd 2008, 5:00 pm
Replies: 2,672
Views: 291,764
Posted By Posidrive

Re: Exchange rate

What's going on. Down to 1.87 at the moment :ohmy:
Forum: Canada
Oct 22nd 2008, 3:59 pm
Replies: 2,672
Views: 291,764
Posted By Posidrive

Re: Exchange rate

I'm certainly not a financial expert (in fact the exact opposite if you look at the decisions that I've made over the last 10 years) but the drop in value of the Canadian dollar has sort of tracked...
Forum: Canada
Oct 10th 2008, 8:49 pm
Replies: 2,672
Views: 291,764
Posted By Posidrive

Re: Exchange rate

WTF is going on? Back below 2 again but the Aussie dollar which is also based upon minerals/oil is still suffering.
Forum: Canada
Oct 10th 2008, 2:18 pm
Replies: 2,672
Views: 291,764
Posted By Posidrive

Re: Exchange rate

Unfortunately all our dosh is tied up in the house. And we can't see that selling any time soon now :(
Forum: Canada
Oct 10th 2008, 1:22 pm
Replies: 2,672
Views: 291,764
Posted By Posidrive

Re: Exchange rate

Don't bet on it. We're returning to the UK and with my financial record it will probably be back to over 2.50 by the time we sell our house in Canada :(
Forum: Canada
Nov 14th 2007, 11:23 pm
Replies: 2,672
Views: 291,764
Posted By Posidrive

Re: Exchange rate

You also need to do a bit of research about which dealers will sell to you if they know that the car is going to Canada. Honda and a few others have a class action agaisnt them for threatening to...
Forum: Canada
Nov 2nd 2007, 8:48 pm
Replies: 2,672
Views: 291,764
Posted By Posidrive

Re: Exchange rate

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...
Forum: Canada
May 15th 2007, 5:36 pm
Replies: 2,672
Views: 291,764
Posted By Posidrive

Re: Exchange rate

Based upon past experience since I bit the bullet and changed cash this morning it should start rising again tomorrow :(
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