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Old 01-30-2009, 04:24 PM   #1
steve
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Default Holy crap, what happened to our dollar?!

Currency conversion: $360.00 USD = $455.89 CAD



That hurts. Especially after getting used to $1.10 CDN = $1.00 USD.
I guess I should have bought my toys last year.




What did you get screwed on lately?
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Old 01-30-2009, 04:25 PM   #2
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welcome to september?

Seriously, this happened a few months ago. Buying stuff in the US doesn't seem as attractive anymore.
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Old 01-30-2009, 04:32 PM   #3
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I know exactly when it happened, because most of my US sales profit is based on the exchange rate. Sure, the $360 injectors may have cost me more with exchange, but I'm making about 21% more profit, so it works out for the best.

It just struck me as the first "big" Us purchase I've made since the late summer. Since 06' I've spent a ton of cash in the US, and one gets used to the cheap US dollar. Makes me wonder if it's ever going to be like that again.

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Old 01-30-2009, 04:37 PM   #4
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According to Peter Schiff it will be better than that. The US is printing money like it's going out of style right now. Reminds me of the days when Germany was doing the same and people were using wheelbarrows full of money to buy bread. Once investors start realizing that the USD holds no real value they'll start going elsewhere. Not really good for you since you're in the export business but as a consumer it'll be great news.
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Old 01-30-2009, 04:44 PM   #5
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Quote:
Originally Posted by hypa View Post
Currency conversion: $360.00 USD = $455.89 CAD



That hurts. Especially after getting used to $1.10 CDN = $1.00 USD.
I guess I should have bought my toys last year.




What did you get screwed on lately?
I liked it when it was $1.00 CDN = $1.10 USD.
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Old 01-30-2009, 04:54 PM   #6
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Quote:
Originally Posted by hypa View Post
the $360 injectors (
DW 850cc?
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Old 01-30-2009, 05:06 PM   #7
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Quote:
Originally Posted by Yannerd View Post
According to Peter Schiff it will be better than that. The US is printing money like it's going out of style right now. Reminds me of the days when Germany was doing the same and people were using wheelbarrows full of money to buy bread. Once investors start realizing that the USD holds no real value they'll start going elsewhere. Not really good for you since you're in the export business but as a consumer it'll be great news.
The big issue with the US dollar dropping is that our country is structured around importing and exporting goods and services to the US. If they have issues, we have issues. So sure, we'll be able to buy US goods for cheap, but only if we figure out a new trading partner, preferably one that's not in the throes of recession.

Quote:
Originally Posted by alcoolaid View Post
I liked it when it was $1.00 CDN = $1.10 USD.
Me too.


Quote:
Originally Posted by 007WRX View Post
DW 850cc?
Nismo/JECS 720cc.
They will be a nice addition to some Meth injection when the time comes. Until then, 21psi on pump gas should be fun.
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Old 01-30-2009, 05:07 PM   #8
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US cars worth more now!!
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Old 01-30-2009, 05:15 PM   #9
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Quote:
Originally Posted by Yannerd View Post
Reminds me of the days when Germany was doing the same and people were using wheelbarrows full of money to buy bread.
It "reminds" you? You ain't that old. Steve on the other hand....
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Old 01-30-2009, 05:21 PM   #10
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Quote:
Originally Posted by hypa View Post
The big issue with the US dollar dropping is that our country is structured around importing and exporting goods and services to the US. If they have issues, we have issues. So sure, we'll be able to buy US goods for cheap, but only if we figure out a new trading partner, preferably one that's not in the throes of recession.
Unfortunately that would mean... nobody

Maybe we'll just start using our own natural resources!

Quote:
Originally Posted by brendan_mac View Post
It "reminds" you? You ain't that old. Steve on the other hand....
I heard he's older than Jesus himself.
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Old 01-30-2009, 05:41 PM   #11
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Quote:
Originally Posted by Linkseal View Post
US cars worth more now!!
thanks for adding that.


*facepalm

Quote:
Originally Posted by brendan_mac View Post
It "reminds" you? You ain't that old. Steve on the other hand....
Damn kids.....
I remember when a cassette tape cost $12 at the local A&B Sound, and the intarweb was nothing more than the internal webbing in your swimsuit!

*breaks hip while reminiscing

Quote:
Originally Posted by Yannerd View Post
Unfortunately that would mean... nobody

Maybe we'll just start using our own natural resources!
ach, god help us all!



according to this article about a depression in 09', my industry will be strong. Huzzah for cable TV!

http://www.boston.com/bostonglobe/id...ike/?page=full


Quote:
I heard he's older than Jesus himself.
Jesus...... built my hot rod.

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Old 01-30-2009, 05:58 PM   #12
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Originally Posted by hypa View Post
ach, god help us all!



according to this article about a depression in 09', my industry will be strong. Huzzah for cable TV!

http://www.boston.com/bostonglobe/id...ike/?page=full
Since you have a lot of US sales that will be the case (something something digital TV law something something) but here in Canada that probably won't be the case.
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Old 01-30-2009, 07:40 PM   #13
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I think the us dollar is mostly riding the "Obama Hope" wave.
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Old 01-30-2009, 08:37 PM   #14
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Originally Posted by hypa View Post
What did you get screwed on lately?
Flywheel. Bought it like... 2 days after **** started hittin the fan...
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Old 01-30-2009, 08:40 PM   #15
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Paypal seems like they are charging more now too (to convert CAD to US).

Maybe it's better to pay directly with the CC now? Or use AMEX? What's the best way nowadays for large payments... like 2,000+
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Old 01-30-2009, 08:43 PM   #16
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^
for large payments, I use a bank transfer. Get the routing details from your vendor, and go to the bank. Iirc, it's about a $30 or so flat fee, on top of the bank's US dollar conversion.



Quote:
Originally Posted by Yannerd View Post
Since you have a lot of US sales that will be the case (something something digital TV law something something) but here in Canada that probably won't be the case.
Canada is following suit with the so called digital revolution. But it doesn't really affect us. Those who don't have digital already are either too poor, or too cheap to subscribe to either cable or satellite, and frankly, they can go **** themselves. Something, something, waste my time, no profit, etc...


TV is a universal time waster though. When you only have $100 a month for entertainment, are you going to go to a movie a week, or just watch some American Idol?

Most would watch Idol, and that's good for business.

Quote:
Originally Posted by shawmacs View Post
I think the us dollar is mostly riding the "Obama Hope" wave.
Good point, and it's something I'm counting on. While the USD is high, I'll ride the wave, while trying to take on more Canadian customers. That way if it hits the fan, I'll still have orders coming in.

Quote:
Originally Posted by clsmooth View Post
Flywheel. Bought it like... 2 days after **** started hittin the fan...
It's still worth it though.
I feel the same way about my injectors. Sure, the initial investment was higher than I would like, but the smile on my face when I hit full boost should make me forget about the extra 20 or so percent.
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Old 01-30-2009, 08:49 PM   #17
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One quickly changes their opinion when you get your hands on that part that you may have paid a little much for, puts a smile on my face every time
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Old 01-30-2009, 09:01 PM   #18
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Quote:
Originally Posted by hypa View Post
The big issue with the US dollar dropping is that our country is structured around importing and exporting goods and services to the US. If they have issues, we have issues. So sure, we'll be able to buy US goods for cheap, but only if we figure out a new trading partner, preferably one that's not in the throes of recession.



Me too.




Nismo/JECS 720cc.
They will be a nice addition to some Meth injection when the time comes. Until then, 21psi on pump gas should be fun.
although we might pay more for our parts and importing will cost more, it does have it's good points.

The lower the american dollar goes, the more they want to outsource for cheaper labour. for example i am a pipefitter and we supply all the oilfields in alberta and alot in texas. when the dollar was above par we were getting very little business out of the us, when the dollar was around 75 cents they would get us to build everything for them because it's like having 25% - 30% off. which is huge in our industry because we only deal in specialty metals(stainless, tianium, zirconium ect.) and most jobs are worth millions of dollars.

this also brings alot of money and work into our country which translates to a better economy.
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Old 01-30-2009, 09:02 PM   #19
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Originally Posted by hypa View Post
Jesus...... built my hot rod.
Oh snap! Nice Ministry reference...I grew up on "The mind is a terrible thing to taste", ha ha, you're not the only old timer here! I've seen a couple of Al Jourgensons bands live, including Ministry - good times.
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Old 01-30-2009, 09:11 PM   #20
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Originally Posted by 007WRX View Post
One quickly changes their opinion when you get your hands on that part that you may have paid a little much for, puts a smile on my face every time
agreed.
Like paying for air freight, when I need it tomorrow, cost doesn't matter so much.



Quote:
Originally Posted by Joynt93 View Post
when the dollar was above par we were getting very little business out of the us, when the dollar was around 75 cents they would get us to build everything for them because it's like having 25% - 30% off.
exactly!
I fought for every sale in Canada in the last few years, because like any company with a bottom line, the cableco's knew they could buy from the US for a lot less. In the last 3 months, I've received so many requests for quotes from these companies, that my head is still spinning. Too bad about the price of oil though. My oil sands communication customers aren't calling as often anymore. They used to run complete cable communication systems out to new fields, and/or new barracks for the workers. Now, not so much. It's okay for us, because they were a small part of our business, but not so good for you guys.
Good luck.

Quote:
Originally Posted by BlackEddy View Post
Oh snap! Nice Ministry reference...I grew up on "The mind is a terrible thing to taste", ha ha, you're not the only old timer here! I've seen a couple of Al Jourgensons bands live, including Ministry - good times.
haha, you want old timer?
crashfx introduced me to 1st wave "pop" Ministry. Now we're talking old skool, with synthesizers, and whiny, emo-like lyrics.


Btw, here's a few pics of the last Ministry show at the Commodore back in May.





The show wasn't great, but the memories are epic.
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Old 01-30-2009, 09:26 PM   #21
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Originally Posted by alcoolaid View Post
Paypal seems like they are charging more now too (to convert CAD to US).

Maybe it's better to pay directly with the CC now? Or use AMEX? What's the best way nowadays for large payments... like 2,000+
PayPal charges/deducts an extra 2.5% when converting to "cover any fluxuations in exchange rates" To cover-the-spread, essentially.
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Old 01-30-2009, 09:27 PM   #22
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[quote=hypa;25398714]agreed.
Like paying for air freight, when I need it tomorrow, cost doesn't matter so much.





exactly!
I fought for every sale in Canada in the last few years, because like any company with a bottom line, the cableco's knew they could buy from the US for a lot less. In the last 3 months, I've received so many requests for quotes from these companies, that my head is still spinning. Too bad about the price of oil though. My oil sands communication customers aren't calling as often anymore. They used to run complete cable communication systems out to new fields, and/or new barracks for the workers. Now, not so much. It's okay for us, because they were a small part of our business, but not so good for you guys.
Good luck.



it's a bitch to pay 150 a liter and know it's creating work for you, i hated that. that being said the oil companies are still doing alright but it's canadian oil that's not. which hurts us. A suncor guy laughed as he said, we'd make huge profit if oil was 75 a barell, i wonder what he is saying now. that's whenit was a 150 a barrell
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Old 01-30-2009, 11:54 PM   #23
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For those that do business with US companies, you need to hope that Obama doesn't go with the protectionist plan.

http://www.thestar.com/news/world/article/579557
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Old 01-31-2009, 12:06 AM   #24
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Hypa, what do you do?

Last edited by Joynt93; 01-31-2009 at 12:13 AM.
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Old 01-31-2009, 12:49 AM   #25
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i didn't know we had a dollar together...however i spent MY dollar on a cheeseburger



it was worth it...but now i need to find another dollar
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