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03-19-2009, 06:58 PM
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#1 | | The RS Anchorman
Join Date: May 2003 Location: Comics
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| Loonie jumps higher
A falling U.S. dollar and surging crude oil prices pushed the Canadian dollar up more than 1.5 cents to 81.79 cents (U.S.) in early trading Thursday, with the currency settling back to 80.80 cents by the end of the trading day.
“We are seeing the U.S. dollar continue to reel against almost every major currency in the wake of the very aggressive action by the Federal Reserve Board yesterday, and it's also spilling into a number of commodity prices,” Bank of Montreal economist Doug Porter said in an interview.
“For instance, we have seen oil far higher yet again today, pushing up to $52 a barrel,” he said.
“Both these things are like catnip … for the Canadian dollar.”
On top of that, Statistics Canada's report on the Canadian inflation rate likely added an additional boost to the Canadian currency.
Prices rose 1.4 per cent in February from a year earlier, driven by higher food and shelter costs, Statistics Canada said Thursday.
“Normally, you don't think of inflation as being positive for a currency. But in this particular case, the fact that Canada is further away from deflation puts a wee bit less pressure on the Bank of Canada to completely follow in the Fed's footsteps,” Mr. Porter said.
Mr. Porter said the U.S. dollar “is absolutely on its heels at this point,” following the U.S. Federal Reserve Board's decision to purchase up to purchase $300-billion in longer term Treasury securities.
Bank of Nova Scotia currency strategist Sacha Tihanyi said in a research note that the move took the currency markets by surprise.
“As we have seen repeatedly, when a central bank announces the intention to … purchase longer term government bonds through the creation of reserves, the currency market immediately reacts negatively and pushes the currency in question down,” Mr. Tihanyi wrote.
“Yesterday's reaction kept to the script and the U.S. dollar was immediately and heavily sold against all comers, with the euro skyrocketing 3 per cent against the greenback, sterling not too far behind and the Canadian dollar gaining 2.3 per cent [against the U.S. dollar Wednesday],” Mr. Tihanyi said.
The loonie started the week at 78.59 cents (U.S.). http://business.theglobeandmail.com/...l_gam_mostview | 
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03-19-2009, 07:23 PM
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#2 | | In RS I Trust
Join Date: Mar 2003 Location: Mission
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fuck I'm waiting for $500 us from sportsbook.com
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03-19-2009, 08:03 PM
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#3 | | The "You'd Know" Moderator
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Future projection?
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Ezekiel 25:17. The path of the righteous man is beset on all sides by the inequities of the selfish and the tyranny of evil men. Blessed is he who, in the name of charity and good will, shepherds the weak through the valley of the darkness. For he is truly his brother's keeper and the finder of lost children. And I will strike down upon thee with great vengeance and furious anger those who attempt to poison and destroy my brothers. And you will know I am the Lord when I lay my vengeance upon you. | |
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03-19-2009, 08:15 PM
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#4 | | I am Hook'd on RS
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52$ dollars a barrel!!!! And were still paying almost a dollar for gas!!!
Thats just total BS
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03-19-2009, 08:17 PM
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#5 | | I contribute to threads in the offtopic forum
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anyone notice that paypal fucks you over when you're transferring from cad-us or the other way
fuck paypal
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03-19-2009, 09:04 PM
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#6 | | I answer every Emotion with an emoticon
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Keep on going, I'm heading back to the states this summer.
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03-19-2009, 09:24 PM
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#7 | | Raping Captured Dolphins since 2002 on EZ board days
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I sold my US at $1.29. I am happy 
__________________ Quote:
Originally Posted by asian_XL  apparently, freedom of speech does not exist on RS
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Originally Posted by Alphamale I give a lot of people rim jobs. | My Feedback | |
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03-19-2009, 10:41 PM
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#8 | | I only answer to my username, my real name is Irrelevant!
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Originally Posted by HB20 anyone notice that paypal fucks you over when you're transferring from cad-us or the other way
fuck paypal | better than the banks
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03-19-2009, 11:05 PM
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#9 | | I *Fwap* *Fwap* *Fwap* to RS
Join Date: Aug 2005 Location: vancouver
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time to hit u ebay again since prices are getting cheaper for us canadians
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"Make love not war, condoms are cheaper than guns"
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03-20-2009, 01:20 AM
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#10 | | Chinese Guy, Swedish Rides
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Originally Posted by HB20 anyone notice that paypal fucks you over when you're transferring from cad-us or the other way
fuck paypal | They're called transaction fees. 
And the dollar ain't high enough....against the yen. I want to buyyyyyyyy  EDIT: Emoticon fail.  | |
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03-20-2009, 02:50 AM
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#11 | | is best wrench
Join Date: Jun 2006 Location: Vancouver
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Originally Posted by HB20 anyone notice that paypal fucks you over when you're transferring from cad-us or the other way
fuck paypal | ive noticed that lol
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03-20-2009, 03:37 AM
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#12 | | My homepage has been set to RS
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Originally Posted by RFlush I sold my US at $1.29. I am happy | lucky bastard
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03-20-2009, 04:55 AM
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#13 | | Banned By Establishment
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thank fucking god. I was at the boullion exchange yesterday and I wanted to get a G usd since im going to vietnam in 5 days. They were sold out. I end up saving 16 dollars at this rate | |
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03-20-2009, 05:36 AM
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#14 | | y'all better put some respeck on my name
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Originally Posted by HB20 anyone notice that paypal fucks you over when you're transferring from cad-us or the other way
fuck paypal | Yes, Paypal rates are fucked. Like if xe.com is showing a rate of $1 USD = .81 CDN the Paypal rate will be anywhere from .77 to .79, it's best just to sell in CDN dollars when possible.
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03-20-2009, 07:12 AM
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#15 | | Witness protection
Join Date: Apr 2001 Location: GVRD
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Originally Posted by Jah Al Zawahiri Yes, Paypal rates are fucked. Like if xe.com is showing a rate of $1 USD = .81 CDN the Paypal rate will be anywhere from .77 to .79, it's best just to sell in CDN dollars when possible. |
what about if u use your credit card? don't they give you the option of using the cc's exchange rates?
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03-20-2009, 08:15 AM
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#16 | | I subscribe to the Revscene NWS thread(s)
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Originally Posted by thumper what about if u use your credit card? don't they give you the option of using the cc's exchange rates? | Nope. You're stuck with Paypal's rate. If you don't like their crappy exchange, open a US bank account and use that for Paypal.
Don't forget that with exchange rates, there's a buy rate and a sell rate. The rates that you see on TV is usually the midpoint. It seems that there's a 2c difference between the buy and sell.
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03-20-2009, 08:33 AM
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#17 | | Banned (BBM)
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Originally Posted by syee Nope. You're stuck with Paypal's rate. If you don't like their crappy exchange, open a US bank account and use that for Paypal.
Don't forget that with exchange rates, there's a buy rate and a sell rate. The rates that you see on TV is usually the midpoint. It seems that there's a 2c difference between the buy and sell. | proves that u know nothing about using paypal. Paypal does give u the option of using your CC and bank account exchange rate, you just have to click on that option while checking out.
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03-20-2009, 10:05 AM
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#18 | | Say NO to blade grinders!
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And usually it absolute no difference because your CC company charges 2-3% on currency exchanges anyways and thats pretty much the same amount paypal charges you.
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03-20-2009, 12:44 PM
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#19 | | The RS Freebie guru
Join Date: Jul 2001 Location: East Vancouver
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Originally Posted by Lude S proves that u know nothing about using paypal. Paypal does give u the option of using your CC and bank account exchange rate, you just have to click on that option while checking out. | Yep, Lude S is right. You have the option of letting PayPal do the conversion for you, or just charge the USD straight to your credit card and let the credit card do the exchange rate. Quote:
Originally Posted by HachiSix And usually it absolute no difference because your CC company charges 2-3% on currency exchanges anyways and thats pretty much the same amount paypal charges you. | It does make a difference, because I think PayPal gives a worse exchange rate. Now, this isn't based on lots of research, but I believe there was one day I looked at PayPal's exchange rate, but then decided to let my credit card do the exchange, and when I looked at the credit card statement later on, it was a lower exchange rate than what PayPal had offered...
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03-20-2009, 02:58 PM
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#20 | | I answer every Emotion with an emoticon
Join Date: Apr 2005 Location: Vancouver
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Can we get a US credit card here? Like it charges in US and then we pay with US? I'm buying regularly from the states and I'm losing quite a but from all the ecxchanges.
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Ignorance is bliss
How I wish I can remain ignorant, why do I know so much?
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03-20-2009, 03:02 PM
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#21 | | OMGWTFBBQ is a common word I say everyday
Join Date: Nov 2005 Location: Vancouver
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there is a BMO credit card in USD I believe
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Originally Posted by Fei-Ji haha i can taste the cum in my mouth | There is a time when you have to sig a post.
It just happened.
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