 YEAH Canadian Dollar!, $1CAN=$1US |
 Sep 21, 2007 - 1:26 AM
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 Enthusiast  Joined Mar 29, '06 From Regina, SK, Canada Currently Offline Reputation: 38 (100%)  |
So the Canadian dollar finally hit par with the American dollar, been a few decades since that happened last. I sure like it right now for ordering Celica parts in the States. It sure has been saving me some big dollars on my American orders.
It sure sucks though on the business side. It is absolutely killing my company. Since I work in the oil industry and everything is based on the price of the barrel of oil in US dollars. Even though the price of oil is up over $80 per barrel, we are still losing big money since our conversion rate has gone down hill. For ever cent the Canadian dollar gains our company lose $25 million. Anyways, good to see the Canadian dollar at par for personal gain. -------------------- |
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Sep 21, 2007 - 4:46 AM
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 Enthusiast Joined Jun 16, '06 From Bowling Green KY Currently Offline Reputation: 7 (100%) |
QUOTE(WALKER @ Sep 21, 2007 - 1:26 AM) [snapback]597785[/snapback] So the Canadian dollar finally hit par with the American dollar, been a few decades since that happened last. I sure like it right now for ordering Celica parts in the States. It sure has been saving me some big dollars on my American orders. It sure sucks though on the business side. It is absolutely killing my company. Since I work in the oil industry and everything is based on the price of the barrel of oil in US dollars. Even though the price of oil is up over $80 per barrel, we are still losing big money since our conversion rate has gone down hill. For ever cent the Canadian dollar gains our company lose $25 million. Anyways, good to see the Canadian dollar at par for personal gain. hahah suck it canada! just kidding dude lol, seriously 25 million? thats crazy. where does your company import oil from? -------------------- **If you play My Brute, joing the 6gc.net clan!**
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Sep 22, 2007 - 6:25 PM
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Enthusiast Joined Mar 29, '06 From Regina, SK, Canada Currently Offline Reputation: 38 (100%) |
QUOTE(tonytutino @ Sep 21, 2007 - 3:46 AM) [snapback]597820[/snapback] just kidding dude lol, seriously 25 million? thats crazy. where does your company import oil from? We don't import oil, that is the problem. We export the refined oil (mostly to the US) and the price of a barrel of oil is always priced in US dollars. So even though the barrel of oil has been climbing, now over $80US we are losing out. So right now the price of oil is $80US = $80CAN, where as when it was down around $64US it was $80CAN (with the older exchange rate, $1US = $1.25CAN). If the trend continues the price of oil is essentially dropping for us Canadian exporters. If the exchange rate gets to say $1.25CAN = $1US (or $0.80CAN = $1US) and the oil stays the same ~$80US, that would really mean it is only worth ~$64CAN. This post has been edited by WALKER: Sep 22, 2007 - 6:25 PM -------------------- |
Posts in this topic
WALKER YEAH Canadian Dollar! Sep 21, 2007 - 1:26 AM
Harold_Fastwaker It works for you guys. But not for us, its a bad s... Sep 21, 2007 - 1:46 AM Insanity-74 £1 =$2US, a great time for us in the UK to bu... Sep 21, 2007 - 2:09 AM axelrduvirage i may even have to order my catback before the tre... Sep 21, 2007 - 4:22 AM
Rayme QUOTE(WALKER @ Sep 22, 2007 - 8:25 P... Sep 24, 2007 - 1:29 PM x_itchy_b_x horray the fall of nation! now were at canadas... Sep 21, 2007 - 9:39 AM Rayme QUOTE(x_itchy_b_x @ Sep 21, 2007 - 11... Sep 21, 2007 - 10:46 AM GrimReaper QUOTE(x_itchy_b_x @ Sep 21, 2007 - 9... Sep 24, 2007 - 9:01 AM Valo666 QUOTE(axelrduvirage @ Sep 21, 2007 - 4... Sep 21, 2007 - 11:42 AM doGGy Guess why i stoped producing parts... $ is d... Sep 23, 2007 - 11:56 AM |
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