SLUNIVERSE| SLUNIVERSE |
10-31-2007, 09:51 AM
| #28 (permalink) | |
| pre-school member   Join Date: Sep 2007 Location: canada
Posts: 2
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10-31-2007, 05:15 PM
| #29 (permalink) |
| aka Dances With Skulls  
Going, going... Goth!
Join Date: Sep 2007 Location: in a box under the freeway
Posts: 944
My Mood:  | Today the Canadian dollar soared to its highest level since the late 1880s. ---- Loonie hits 130-year high ROMA LUCIW Globe and Mail Update October 31, 2007 at 4:36 PM EDT The high-flying loonie soared to its highest level since the late 1800s Wednesday after the U.S. central bank cut interest rates by a quarter-point and gold joined its fellow commodity crude oil in record territory. The Canadian dollar reached 106.17 cents (U.S.) late on Wednesday, up more than a penny from Tuesday's close of 104.92 cents. The loonie is now sitting at its loftiest perch in more than 130 years. In official trading Wednesday, the dollar closed at 105.85 cents. Part of the reason for the day's surge was a sharp fall in the U.S. dollar, which touched a record low against the euro on Wednesday. The U.S. currency struggled after the U.S. Federal Reserve Board trimmed its key interest rate by a quarter percentage point to 4.5 per cent, the second rate cut this year. “I did think we'd see the U.S. dollar rally and the opposite is occurring,” said Andrew Busch, a global foreign exchange strategist for BMO Nesbitt Burns Inc. “This action and statement may ignite a much larger U.S. dollar selloff.” ----- I'm feeling richer all the time    |
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10-31-2007, 05:21 PM
| #30 (permalink) |
| aka Dances With Skulls
Going, going... Goth!
Join Date: Sep 2007 Location: in a box under the freeway
Posts: 944
My Mood: | Again this is due to the crashing U.S. dollar and skyrocketing commodity prices (oil, gold and other minerals, etc.). The Canada-U.S. border guards are gonna have a VERY busy weekend. And Canadian retailers are gonna weep some more as we thrifty Canucks cross-border shop, either in person or via the Internet at American-price websites. Another article in the Globe and Mail ("Canada's national newspaper" as it likes to call itself) says that Canada's postal service is staggering under the huge increase of parcels coming across the border from the U.S. to Canada. ----- Mail sorters buried under Net shoppers' packages 'This isn't going to go away. It is going to get worse,' Consumers' Association of Canada official predicts JOHN COTTER The Canadian Press October 31, 2007 EDMONTON -- A surge in Internet cross-border shopping by Canadians trying to cash in on the soaring loonie is creating headaches for consumers, border service agents and Canada Post. There are already complaints of delivery delays as mail-sorting centres try to dig out from heaps of Canadian Internet order parcels from the United States - and the holiday shopping season is barely under way. Officials say the volume of parcels has choked three main international mail-sorting centres operated by Canada Post and the Canada Border Service Agency in Vancouver, Toronto and Montreal. "The delays are being caused by the surge in online purchases," said Chris Williams, a Canadian Border Services Agency spokesman in Ottawa. ----- Last edited by Quiplash; 10-31-2007 at 05:34 PM. |
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10-31-2007, 10:27 PM
| #33 (permalink) |
| Is this thing ON?!?  
Virtually burned out.
Join Date: Oct 2007 Location: Ontario, Canada
Posts: 1,946
SL Join Date: March 17, 2007
Business: BEARly There Enterprises SLShopper Ads: 10
My Mood:    | Well we won't be "over" you for long if we keep sending our money south. Cross border shopping is nothing new. It's been lamented up here as an economy killer for a long time. It'll just be worse now with our dollar buying more. Who can blame us though with the over-inflated prices we pay for the same goods and services and higher taxes?  Maybe if the trend continues long enough it will be the wakeup call we need. I heard a *rumour* that US car retailers were going to try to stop Canadians from buying from their dealerships? I'm too tired to look it up to confirm or bust it. I'm no economist but it doesn't make sense to me. If it was the Canadian dealerships trying this action I'd understand it for sure.
__________________ *Something witty here.  |
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11-01-2007, 04:18 AM
| #35 (permalink) | |
| Fortuna vitrea est  
Goats ?.. fuck'em .. Let them
milk themselves
Join Date: Aug 2007 Location: UK
Posts: 3,974
SL Join Date: 26th April 2007
My Mood:  | Quote:
It can make short-term economic sense for the car manufacturers who can exert a lot of pressure on the dealerships. Here in the EU there a still relatively large differences in car prices for the same makes and models across European countries and there has been plenty of evidence of Car Manufacturers restricting supply and applying pressure to stop cross-border purchasing, especially in the 80's and 90's. Basically they make more money selling cars in the UK (with its relatively higher prices) than in say Belgium. In the UK overseas purchaser case it was a little easier as they could restrict supply of right-hand drive cars. However it did tend to backfire, both in terms of bad publicity, a growth of a grey import market and actions by manufacturers newer to the european market such as the Japanese and Koreans. Things are a little better now  But that's off Thread ... Go Canucks ! .. the rest of the Commonwealth is rooting for you  EDIT: But of course if the reason for the stopping of Canadian purchasers is purely for biogotted reasons then even better ...it means stupid bigotted prats can go out of business ... win-win in my book Last edited by Tyche Shepherd; 11-01-2007 at 04:25 AM. | |
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11-01-2007, 07:58 AM
| #37 (permalink) | |
| Is this thing ON?!?
Virtually burned out.
Join Date: Oct 2007 Location: Ontario, Canada
Posts: 1,946
SL Join Date: March 17, 2007
Business: BEARly There Enterprises SLShopper Ads: 10
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