YEAH Canadian Dollar!, $1CAN=$1US Options

[WALKER]

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.

[Harold_Fastwaker]

It works for you guys. But not for us, its a bad sign for the US when it dips down this bad. Got to love inflation.

[Insanity-74]

£1 =$2US, a great time for us in the UK to buy parts from the .

[axelrduvirage]

i may even have to order my catback before the trend changes !!!!!!!!

[tonytutino]

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?

[x_itchy_b_x]

horray the fall of nation! now were at canadas level....

actually in the coming years we (mexico, canda, and america) will be using one currency, the amero. think the European Union's euro.

[Rayme]

horray the fall of nation! now were at canadas level....

actually in the coming years we (mexico, canda, and america) will be using one currency, the amero. think the European Union's euro.

Yea and we gotta fight that if we have the option of voicing our opinion.

Hurry for internet shopping !

[Valo666]

lmao...yea..around windsor *right near the michigan boarder* the exchange rate at most of the places is even and has been for a few weeks now. But yea...im glad that the $ is up. Now i can buy stuff from michigan for even cheaper ..lol Also, good thing i ordered a few parts for my car this week too. Now i dont have to pay my buddy back in USD.

[WALKER]

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

[doGGy]

Guess why i stoped producing parts... $ is droping like crazy in Europe... and the only bright side for us is that its now a good time to buy stuff from us. But to sell somthing to us - big nono...

[GrimReaper]

horray the fall of nation! now were at canadas level....

actually in the coming years we (mexico, canda, and america) will be using one currency, the amero. think the European Union's euro.

I think we should use the canado It has a greater value

[Rayme]

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.

I hope you're not trying to gain sympathy..last time I checked oil company were raking in profits like theres no tomorrow. Unless the one you're working for is the black sheep of them.