The £/$ fall to 1.33 in the wake of the referendum.
Oct 5th 2016, 12:42 am
#243
Heading for Poppyland
Joined: Jul 2007
Location: North Norfolk and northern New York State
Posts: 14,547
Re: The £/$ fall to 1.33 in the wake of the referendum.
It's a holdover from Prohibition. There is only one wholesaler licenced by the province in Alberta. It's even more expensive back east because it's still owned by the LCB in those provinces.
You can't even legally move alcohol interprovincially except in small quantities, some guy in New Brunswick is challenging it in court after he got busted bringing back a carload of booze from Québec.
Personally I quite like it because you don't have alcoholism like you do in Montana, not to the same extent anyway and you don't have teenagers puking all over the place on the weekend like you do in the UK.
You can't even legally move alcohol interprovincially except in small quantities, some guy in New Brunswick is challenging it in court after he got busted bringing back a carload of booze from Québec.
Personally I quite like it because you don't have alcoholism like you do in Montana, not to the same extent anyway and you don't have teenagers puking all over the place on the weekend like you do in the UK.
Oct 5th 2016, 1:30 pm
#244
I have a comma problem
Joined: Feb 2009
Location: Fox Lake, IL (from Carrickfergus NI)
Posts: 49,598
Re: The £/$ fall to 1.33 in the wake of the referendum.
I still managed to get shitfaced though. No puking either and surprisingly, no hangovers which surprised the shit out of me.
Oct 5th 2016, 2:49 pm
#245
Lost in BE Cyberspace
Joined: Jul 2008
Location: Portlandia Metro
Posts: 7,425
Oct 5th 2016, 2:57 pm
#246
I have a comma problem
Joined: Feb 2009
Location: Fox Lake, IL (from Carrickfergus NI)
Posts: 49,598
Re: The £/$ fall to 1.33 in the wake of the referendum.
Metaphorical shit only. But there is something quite nice about being able to wake up at 8:45 in the morning feeling reasonably OK after getting drunk in your late 30s. Especially since I hardly drink more than one beer a month these days, if that.
Oct 5th 2016, 3:42 pm
#247
Sasstronaut
Joined: Aug 2016
Location: Manhattan, NYC
Posts: 1,304
Re: The £/$ fall to 1.33 in the wake of the referendum.
I suspect this is due to staying in the central part of Toronto but I forgot my toiletries bag, so went to a drug store to buy bare essentials and remember it coming to something like $40CAD too. That was painful for essentially a toothbrush/toothpaste and some shampoo/body wash.
Oct 5th 2016, 3:44 pm
#248
I have a comma problem
Joined: Feb 2009
Location: Fox Lake, IL (from Carrickfergus NI)
Posts: 49,598
Re: The £/$ fall to 1.33 in the wake of the referendum.
I've only been to Toronto once (work), and had no clue about the LCBO stuff at the time (so ended up checking out the bar scene), but I too was surprised over the cost of alcohol.
I suspect this is due to staying in the central part of Toronto but I forgot my toiletries bag, so went to a drug store to buy bare essentials and remember it coming to something like $40CAD.
I suspect this is due to staying in the central part of Toronto but I forgot my toiletries bag, so went to a drug store to buy bare essentials and remember it coming to something like $40CAD.
No, I had poutine. Lots of poutine.
Oct 5th 2016, 6:12 pm
#249
Account Closed
Joined: Jan 2006
Posts: 0
Re: The £/$ fall to 1.33 in the wake of the referendum.
We do pay more for just about everything here, and the weak CAD$ isn't helping much, but some items are just over inflated due to government price controls, or taxes.
Things like this inflate consumer pricing.
British Columbia Milk Marketing Board
Things like this inflate consumer pricing.
British Columbia Milk Marketing Board
Oct 7th 2016, 9:58 am
#250
Septic Sprout
Joined: Aug 2004
Location: Shanghai
Posts: 7,993
Re: The £/$ fall to 1.33 in the wake of the referendum.
Pound dropped below $1.19 for a brief period earlier. Now recovered to $1.24.
Oct 7th 2016, 10:07 am
#251
Conditional Resident
Joined: Apr 2016
Location: IL
Posts: 184
Re: The £/$ fall to 1.33 in the wake of the referendum.
Really annoying because it keeps taken a hit yet nothing has changed, we're still in the damn EU and May could be a typical politician and change her mind about the exit notice next year again.
Oct 7th 2016, 5:22 pm
#252
Lost in BE Cyberspace
Joined: Jul 2008
Location: Portlandia Metro
Posts: 7,425
Re: The £/$ fall to 1.33 in the wake of the referendum.
Not sure where you have been, but I heard that May announced that a hard exit was occurring in March next year. That creates a lot of uncertainty.
I think the dip from $1.18 to $1.14 was caused by automated trading once it went below $1.20
http://news.sky.com/story/flash-cras...stery-10608056
I think the dip from $1.18 to $1.14 was caused by automated trading once it went below $1.20
http://news.sky.com/story/flash-cras...stery-10608056
Oct 7th 2016, 5:54 pm
#253
Lost in BE Cyberspace
Joined: Mar 2010
Location: Phoenix, AZ
Posts: 8,106
Re: The £/$ fall to 1.33 in the wake of the referendum.
What's interesting is that even if it was just an automated trading error causing the drop, there don't seem to be any fundamentals supporting a recovery.
Oct 7th 2016, 6:27 pm
#254
Sasstronaut
Joined: Aug 2016
Location: Manhattan, NYC
Posts: 1,304
Re: The £/$ fall to 1.33 in the wake of the referendum.
XE rate is sitting at $1.24 atm 
Oct 12th 2016, 1:17 pm
#255
Lost in BE Cyberspace
Joined: Jul 2008
Location: Portlandia Metro
Posts: 7,425
Re: The £/$ fall to 1.33 in the wake of the referendum.
This graph gives a better picture showing that GBP is undervalued
How low can the pound go? - MoneyWeek
How low can the pound go? - MoneyWeek