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» Hatrack River Forum » Active Forums » Books, Films, Food and Culture » Loonie Parity! (Page 1)

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Author Topic: Loonie Parity!
Eaquae Legit
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I'm excited today. xe.com lists the loonie at $1.01USD. I remember it being $0.61, and I never thought this day would come. I keep hearing economists on the news saying this is bad for us, but I'd rather work towards a strong Canadian economy not based on exports, anyway.

I'm usually only mildly patriotic, but today I am happy for my loonie.

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Itsame
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Except everything is still way more expensive in Canada.
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ClaudiaTherese
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Wow.
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steven
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I thought this was going to be about crazy troll posting.

But it's far better.

It's about monopoly money!

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erosomniac
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Actually, xe.com still lists the USD as stronger.
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Eaquae Legit
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That's weird, eros. I'm still seeing the CAD as higher. *shrugs* It updates once a minute, so maybe it's going back and forth some.

Steven, can we cut the jokes about monopoly money? It's really old, and it's not even remotely funny. Most of the currency I've seen internationally is coloured, and it's the States that's the exception with its monochromatic bills.

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TheTick
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Sorry, we Yanks can't hear you over the sound of how awesome we are!

Oh, and a US team is going to win the Stanley Cup again. [Razz]

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erosomniac
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Yep, 1.00 USD = 1.00218 CAD.
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Mucus
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Arguably, its not so much that the Canadian dollar has risen, but that the USD has dropped, which is why the USD is also at a lifetime low against the Euro.
quote:
The dollar fell to a lifetime low against the euro and reached parity with the Canadian currency on Thursday, weakened by expectations that this week's hefty U.S. interest rate cut may lead to further cuts in benchmark rates ... The dollar also set 15-year lows against a basket of six major currencies, at 78.538 A move below 78.190 would take the dollar index to record lows.
link

Realistically, since a huge proportion of our exports do go to the States, the combination of worsening credit worries in the States (possibly leading to a recession) and the reduced competitiveness of Canadian exports in the States will eventually "correct" our dollar.

However, in the meantime I'll enjoy buying stuff from amazon.com [Wink]

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Jon Boy
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quote:
Originally posted by Eaquae Legit:
Steven, can we cut the jokes about monopoly money? It's really old, and it's not even remotely funny.

But jokes about Mounties and maple syrup are still fresh and funny, right?
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Mucus
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quote:
Originally posted by steven:
It's about monopoly money!

quote:
Originally posted by Eaquae Legit:
Steven, can we cut the jokes about monopoly money? It's really old, and it's not even remotely funny. Most of the currency I've seen internationally is coloured, and it's the States that's the exception with its monochromatic bills.

You mean this monopoly money?
link

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Eaquae Legit
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Deleted because I hit "submit" before I was done writing. See below for full post. [Smile]

[ September 20, 2007, 01:52 PM: Message edited by: Eaquae Legit ]

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Jon Boy
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When I went to Canada, I didn't actually see any. [Frown]
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TheTick
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They are a lie perpetuated by Canada to appear cooler. It distracts us while Tim Horton's spreads it's icy grip down from the border.
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Eaquae Legit
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quote:
Originally posted by Jon Boy:
quote:
Originally posted by Eaquae Legit:
Steven, can we cut the jokes about monopoly money? It's really old, and it's not even remotely funny.

But jokes about Mounties and maple syrup are still fresh and funny, right?
Actually, yeah. Mounties are awesome. And if you find maple syrup funny, go for it. Also, I'm not celebrating anything to do with them. I think my irritation goes back to the same source as with Blayne's military thread. The US is the big kid on the block, and it seems when one of us Canucks posts about something we're proud of or something positive about our country, one of the first replies is invariably one of the US posters making fun.

I realise this is Hatrack and ribbing is the way things go, but for once it would be nice to post about the country that I love without someone making fun. Like Mucus said, this isn't going to last. Our loonie has been the weakest thing around for a long time, and that gets very depressing. For once we're doing well. I have no desire to make fun of the US for their dollar slipping internationally - my happiness is about our gain, not someone else's loss, and if I could have the one without the other, I'd be all the happier.

***

Mucus, yeah, that monopoly money.

***

Erosomniac, I have no idea how things are fluctuating, but xe.com is currently showing 1USD = 1.00186CAD. We'll see how it closes today, I guess.

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Eaquae Legit
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quote:
Originally posted by TheTick:
They are a lie perpetuated by Canada to appear cooler. It distracts us while Tim Horton's spreads it's icy grip down from the border.

Timmy's is owned by Wendy's Corp. It's not actually Canadian anymore. [Frown] (Neither is Inco, Stelco, Dofasco, or a few dozen other "Canadian" companies, but that's a slightly different gripe...)
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steven
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Aww, Equae, I didn't mean to hurt Canada's feelin's er nuffin'. I sorry. Genuinely.
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Mucus
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Let's party like it's 2007 again! Woo!
quote:
The loonie opened just above parity with the U.S. dollar after hovering below the symbolic number for nearly a week.
http://www.thestar.com/business/article/794969--dollar-opens-above-parity-with-american-greenback
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Mucus
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Also, I can't be sure, but I think Tim Horton's is Canadian again.
quote:
Tim Hortons said the lower profit was due to $23.1-million in costs associated with reorganizing the company into a Canadian legal entity. It had formerly been a subsidiary of the Wendy's hamburger chain and was previously registered as a U.S. company.
http://www.theglobeandmail.com/globe-investor/tim-hortons-revenue-rises-11-per-cent/article1345050/
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TomDavidson
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quote:
it seems when one of us Canucks posts about something we're proud of or something positive about our country
Except this pretty much never happens, except to compare it to America.

It's never "Canada's a pretty good place to live;" it's "Canada's a better place to live than America is."

This is why Americans tease you: because all your little victories are framed in our context, for some reason.

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Mucus
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Probably because we're talking to Americans.
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Kwea
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quote:
Originally posted by TomDavidson:
quote:
it seems when one of us Canucks posts about something we're proud of or something positive about our country
Except this pretty much never happens, except to compare it to America.

It's never "Canada's a pretty good place to live;" it's "Canada's a better place to live than America is."

This is why Americans tease you: because all your little victories are framed in our context, for some reason.

QFT
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BlackBlade
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Tom: You're commenting of something said several years ago.
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TomDavidson
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quote:
Probably because we're talking to Americans.
Do you do it to Brazilians, too? [Smile]
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Mucus
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Well, yes.*

* If I posted on a Brazilian BBS, had a similar amount of familiarity with Brazilian news, and thought that (to take the example) Canada was a great place to live compared to Brazil.

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katharina
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In related news, I watched the first few episodes of Due South this week.

I'm all Candadianed out. That definitely filled my lifetime quota for Canada jokes. Oh good grief.

On the upside, it has Paul Gross.

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Eaquae Legit
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Wow, it was weird seeing my name suddenly appear. I wish I had money to order stuff from amazon like last time.
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Fitz
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Have you seen Slings and Arrows, Katharina? It's less aggressively Canadian, has Paul Gross, and is awesome!
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katharina
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Yes, I love it! - that's why I got Due South. I like Slings and Arrows better, but Due South is mostly acceptable.
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Mucus
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A modern day alternative might be Castle. I don't think the Canadian content of Due South will reduce as the series goes on, if anything I think it gets more intense.
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katharina
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At this point, I'm watching it for Paul Gross. There's little reasoning involved, except that it is mostly harmless and has Paul Gross.
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Godric
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Ooh! I loooved Due South!
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mr_porteiro_head
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I remember vaguely enjoying it myself.
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katharina
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Okay, I watched the first Christmas episode last night, and the Mountie started talking to his dead father and we get to see what he is like when he relaxes a little bit without actually relaxing him. I like it better, and the Canadian jokes are way down. Maybe it was just warming up there.
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Jake
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This thread reminds me that I need to Netflix the rest of Slings and Arrows. I loved the first season, but never got around to getting any more of it.
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twinky
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quote:
Originally posted by TomDavidson:
This is why Americans tease you: because all your little victories are framed in our context, for some reason.

Canada has a collective American inferiority complex. It's partly the "sharing a bed with an elephant" thing, and partly that said elephant largely ignores us, even when we jump up and down, wave our arms, and shout "Hey! Over here!"

Consequently, a significant subset of Canadian humour for domestic audiences rests on making us feel smugly superior to Americans. Canadian humour for international audiences is still pretty much in the Canadian Bacon space.


*


I think this time the Canadian dollar may linger around or above the US dollar for a fair while, partly because the US dollar is also sinking against the Euro and partly because of how well Canada and Canadian banks are weathering the recession. That probably spells continued trouble for our manufacturing sector and other export-reliant industries, many of which are largely tied to the US.

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Raventhief
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The loonie is a name for the Canadian dollar? Since when?
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Mucus
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This seems to indicate that the term gained acceptance at least before December, 1988.
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mr_porteiro_head
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The Canadian dollar coin has a picture of a loon on it:

http://henrykisor.com/archives/loonie.jpj

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katharina
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Due South has taken a serious turn towards the weird. I like it.
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Mucus
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Which episode is this?
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katharina
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The Christmas and after.

And then...last night I watched the end of season one. Holy schmoley - that was amazing. The antepen and the penultimate episodes are possibly some of the best television I've ever seen. I'm completely on board now - Due South is astounding, once it gets its sea legs. Wow.

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jebus202
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quote:
Originally posted by TomDavidson:
quote:
it seems when one of us Canucks posts about something we're proud of or something positive about our country
Except this pretty much never happens, except to compare it to America.

It's never "Canada's a pretty good place to live;" it's "Canada's a better place to live than America is."

This is why Americans tease you: because all your little victories are framed in our context, for some reason.

I don't think it's unnatural to compare your country with its closest neighbour, especially when that neighbour is the bigger, more powerful one and you can claim an equal footing with them in some area.

For example, when the Euro has near parity with the British pound I am absolutely delighted, and I quickly hit the internet for some good deals.

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The Rabbit
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quote:
Originally posted by twinky:
I think this time the Canadian dollar may linger around or above the US dollar for a fair while, partly because the US dollar is also sinking against the Euro and partly because of how well Canada and Canadian banks are weathering the recession.

The US dollar is not currently sinking against the Euro. The US dollar has been rising against the Euro for last 6 months and at the same time sinking against the Canadian dollar. I took a quick look and the Canadian dollar has been rising against pretty much every major currency.

[ April 22, 2010, 09:03 AM: Message edited by: The Rabbit ]

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ClaudiaTherese
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quote:
Originally posted by katharina:
The Christmas and after.

And then...last night I watched the end of season one. Holy schmoley - that was amazing. The antepen and the penultimate episodes are possibly some of the best television I've ever seen. I'm completely on board now - Due South is astounding, once it gets its sea legs. Wow.

katharina, there are moments of pure magic. It has its ups and downs, but when it is up, it is far and away.
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katharina
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Wow, yeah. The two-parter near the end there was fantastic, and then I found this Freudian and Jungian analysis of it on Live Journal that made me love it even more.
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ClaudiaTherese
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ha ha ha haha!

I was coming back to post it for you (here, right?) once I realized the episodes you meant. *grin

I have to admit, that was the story that stuck with me the most. I'll never forget The Windhover, and her fingers in his warm wet mouth, and all of the despair and beauty of it.

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katharina
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That's exactly the one! Oh, that is funny.

That two-parter made Fraser so real, and The Mountie a deliberate choice, which makes him better, I think. I much more admire deliberate, chosen uprightness rather than naiveté and innocence, and then even that willful virtue is a bit out of contol. I love trupenny's guess that Fraser might have had a bit of a raucous past that got out of his control, and The Mountie is his way of dealing with it, and then her arrival precipitated him reconciling himself to himself.

In fact, I was so impressed with truepenny's breakdown that I friended her and discovered she's a published author, so I just ordered her debut book. I'll bet it's great - she's very tight and insightful.

[ April 22, 2010, 10:06 AM: Message edited by: katharina ]

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Mucus
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Let's party like it's 2007 again! Woo!
(or April)

http://www.moneyville.ca/article/875144--loonie-hits-parity-with-u-s-dollar-is-it-here-to-stay

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BlackBlade
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You realize many of us keep the loonie from maintaining parity with the dollar precisely because the moment it does, that's the signal for invasion #3. As everybody knows, the third time's the charm.
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