kaydeejay
SE Michigan, USA
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Joined: 07/26/2004
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leaddog wrote:It is interesting to note that the Canadian exchange rate with the US is rising even as the US crisis is shaping up. Just recently the US dollar was weaker than the Canadian and today the exchange rate is US $1.15 vs about .92 just a year ago.
Maybe it's just the way you wrote it but the way I read it I think you have it backwards - the Canadian dollar has weakened by 8¢ since 10/1 and today (according to XE.COM) US$1 is worth CDN$1.16 (or CDN$1 is worth 86.4¢US).
Why? who knows!!!
Keith J, Retired from GM Engineering
2005 GMC Sierra 2500HD SLE 2WD/CC/SB/DA.
1999 Sunnybrook 27RKFS Fiver
Bilsteins, Line-X, Westin steps, Prodigy, Retrax, 16K Superglide, 5th-Airborne pin-box, Multi-vex mirrors.
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Hurricaner
Hurricane Utah
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Joined: 02/17/2007
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I didn't even bother to read this thread but make no mistake if we go down, Canada goes down. And I'm pretty sure that most Canadians are quite aware of this fact. I spend a lot time with are Canadian brothers down south and they are good people but know one will get out of this mess unscathed.
Sam
Sam & Kari
Hurricane, Utah
2004 34' Damon Challenger 315
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was_butnotnow
Fulltime: Emery, SD
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Joined: 05/28/2003
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I'm just glad ONE county has figured out how to make things work. Would Canada PLEASE declare we (USA) have WMDs and invade to save us! We could drain them of their money for our schools and roads etc. so they are in the same boat as us. Do you think we could get 10 billion a month from them. Of course they would have to drop a few bombs and destroy these things first. But they have their own oil so guess that won't work. This is meant to be funny.
The good old USA has not been doing very well for a long time now.
Trying to stay away from politics but I hope we can learn and improve next year after our election. If not god help us. This is RV.net and can you RV or retire and go full time after your 401K has tanked?
You need to ask why and get informed and not just read the day to day spin, but get a brain and vote like you future depends of it, as it does. This could be 1929 again.
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leaddog
All over the USA
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Joined: 07/11/2003
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kaydeejay,
I agree with you about the rates. I guess my post was confusing, but the Canadian dollar is worth less this year than last year at this time. No source of joy for me since I won't be traveling in Canada until next summer at the earliest, but it will make Canadians spend more to visit in the US for the winter.
The Mexican Peso has taken a bigger hit so it will be cheaper to spend time in Mexico if so inclined.
Who knows where this is going?? Not me.
2002 Southwind 36T
8.1 Workhorse chassis
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lesmore49
canada
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Joined: 11/25/2004
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We regulate our banks. People can't get mortgages if they can't afford it. The banks look at the mortgage requested and compare it to the income. If it doesn't meet the criteria they (people who want to buy the the house), don't get their mortgage approved.
Saves a lot of turmoil. The World Economic Council has indicated that Canada has the best banking system in the world.
Banking system ratings
Bank savings in Canadian banks are ensured up to a $ 100,000.00, I believe, although I would recommend this be confirmed.
Canadian Banks safe
lesmore49
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Bumpyroad
Virginia
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Joined: 12/01/2005
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Charlie D. wrote:garyhaupt wrote:"I hope that you are being sarcastic. I mean Santa Clause is dead.
bumpy"
wrong again, bumpy.
I declare!!!!Never thought I would see a picture of Bumpy on this forum.  And not even a smile.
that picture is not that far off. 
bumpy
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PackerBacker
Montreal, Quebec,Canada
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Joined: 08/22/2002
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lesmore49 wrote:We regulate our banks. People can't get mortgages if they can't afford it. The banks look at the mortgage requested and compare it to the income. If it doesn't meet the criteria they (people who want to buy the the house), don't get their mortgage approved.
Saves a lot of turmoil. The World Economic Council has indicated that Canada has the best banking system in the world.
Bingo! Interest on our mortgages is not tax deductable so there is no benefit to try and slip things in under a mortgage such as an RV. If you borrow whopping sums of money, you need to replay even larger whopping sums of money. The banks will simply deny applications if there is any doubt in your repayment ability.
Eric
2009 Holiday Rambler Admiral 33SFS
Good Sam's - FQCC/Camping Quebec
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mking
Indianland,South Carolina
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Lesmore49 Hit it on the head.Thats what wrong with the USA.Way to much money given out to people who couldn't afford it.Mostly due to the government from as far back as 1976 making the banks loan money to folks who don't qualifiy.The key is to live within your means,not I want it now!
2006 Dodge Quad-Cab 2500 CTD,4;10 gears,pulling a Forestriver Flaggstaff 831qbss
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John S.
Northern Virginia
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Joined: 03/22/2002
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They will have it and it will be worse than ours. Why is simple they are an energy and materials exporting nation and if energy prices fall (oil down to 83 dollars right now as I write this from 147) they will feel the pinch. I am sorry they also have a huge number of workers who produce goods and services for the US consumer and that consumer is pulling back. It is a leading / lagging indicator type or thing..... Sorry but it will happen and probably sooner than you think....
Also the S&P TSX index show the 52 week high at 15,154 and it is around 9600 now.
John
2001 42' Foretravel U320
2007 Bornfree 24 Painted
2001 Jeep Wrangler
2007 Burgman 650 Executive
Susie and Dolly (Cavalier King Charles Spaniels)
Dolly now in our hearts and thoughts 8-27-05
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JudoJeff
Southwick, MA
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Joined: 08/06/2008
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Dow ended around 8600 yesterday, what will today bring? Buy if you have any money!
My family came from Canada after the Civil War, I think moving back is looking pretty good.... Which part of Canada has weather just like Florida's????
K1BE Jeff
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