As I mentioned in an
earlier report, the Canadian dollar has now surpassed our American neighbours to the point that we are now being completely ripped off in our own country.
Now before you say "hey that's easy! Just get your sorry ass online for some hawt American pricing", think again! According to
The Canadian Press,
"Canada Post and the border agency are advising Canadians who plan to online shop for holiday gifts to place their orders as early as possible. Even then, there's no guarantee that a special parcel will make it under the Christmas tree in time."
Basically the postal system is bogged down because of a staggering 18% increase of online purchases from Canadians.
Your best bet for a sure purchase for this holiday season is to drive south of the border and shop locally. Lots of retailers close enough to the border even accept our amazing Canadian dollar! I like to check out
The Bellisfair in Bellingham, WA. It 's soul purpose is for Canadian consumers!
Big ticket items are especially important to buy in the States. So when you're ready to finally buy a PS3, or pick up Rock Band, you'd better drive to your nearest American game retailer, otherwise prepare to be ripped off big time! Canadian retailers are slow to adjust their prices to meet the high Canadian dollar. Hopefully that will change once they see Santa has moved south for shopping this year.
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*sniff*
oh yea, I demand that chris bosh leave toronto
o.O man.. how far the dollar has fallen.
U-S-A!
U-S-A!
By keeping the dollar low, consumer spending has remained high in the United States because things are cheaper. A low dollar is good for Americans, and bad for foreigners who hold American dollars. So once the subprime housing situation is sorted out, I imagine the dollar will increase in value again because interest rates will go back up.
[img]funny_financial_photoshop.jpg[/img]
Actually that isn't true at all and your country isn't far away from a huge depression at this point. Last month's consumer spending in the US was at an all-time low because people have less money to spend. People are in a huge crunch to save their pennies for holiday shopping because everyone is broke. Also, nobody is buying retail either.
U-S-A! U-S-A!
pretty much we should just all crash at djduffy's house, eat bacon that looks like ham, and celebrate remembrance day
The Fed just dropped lower interest rates again to keep inflation under control, so that might help, but this housing loan situation is out of control and we're all going to pay for stupid banks making stupid loans to people who shouldn't have been given one.
That and Bush wants 49$ Billion for war... great... There goes more money that could be spent here on our home soil for creating jobs. We are going to need a TVA again soon to keep our economy above water.
so dont call me a dumbass when i ask what a tva is
where are you from?
Tennesee Valley Authority.
Apparently I fail. It's still around. It created jobs during the depression.
ok i just didnt recognize it as TVA. lol Its actually not a bad idea with all the rebuilding that needs to be done because of various natural disasters (katrina, sandiego)and the severe water shortages in all south east (especially Georgia)
Vancity represent!
I can't open that Mercury News link, but here's an in-depth look from a more business-oriented source.
Economic signs are mixed, and certainly don't forecast a huge recession at this point. There's a possibility of a mild one at some point in the next year, which is frankly overdue. And unfortunately any US recession will heavily impact Canada, as about 85% of Canada's exports go to the US.
actual screen shot of canaidia