Canadians Pour Over Border As Dollar Stays High

City News (Toronto) ^ | Friday November 9, 2007 | CityNews.ca Staff

[ElkGroveDan]

Damn. I received a Canadian inheritance a few years back that I got about 0.79 on. Wish the sweet old gal had hung on for a couple more years.

[DaGman]

Build the wall.

[fanfan]

Um, when's the last time you went shopping in Canada?

Er, yesterday, and the day before, and mostly all the time.

Prices for consumer goods are typically 10% to 20% higher there even before their 15% sales tax kicks in.

The article states that Canadians are paying duty and taxes at the border.

It's quite worth the trip for bargain-hunting Canadians -- they wouldn't make it otherwise.

Or, some people could just be stupid.

;-)

[fhayek]

People aren’t stupid. Wages (in either country) tend to fluctuate much less than exchange rates do. If you are making $15.00 an hour in Canada, and the Canadian dollar strengthens relative to the U.S. dollar, then Canadians WILL have increased buying power, even with all the added costs of travel and duty. You do have to also consider the higher sales tax rates in Canada AND the fact Canadians do try to avoid the duty (by wearing the clothes over the Rainbow Bridge).

[casino66]

That’s the nicest thing anybody said to me all day. I thought I had lost my touch. hehehe

[Mojohemi]

This article was deliberately planted by the “Office of Homeland Security”

[xp38]

I was in a drug store today and they had a sign that said US prices on all books and magazines. I think that will pretty much be the norm now if the rate stays anywhere close to par. I have also heard pretty much anything newly printed will no longer have a US and Canadian price anymore. Another pleasant surprise has been since most sellers on eBay are US based for the first time the price I am paying if I win is less than the US price. Since eBay began that is a first. There is still a premium on the shipping sometimes but any break is welcome.

[Hillary4Penetentiary]

Great point. Thanks for the historical perspective. And if a Democrat were president right now, the media would be extolling the lower dollar for driving up the GNP and US exports. Of course the Democratic president would be given mass kudos for his wisdom in letting the dollar drop, as if he control over it, to help boost US manufacturing. Didn’t the same Democrats and media leftists decry the atrophy of the US manufacturing sector? Well guess what, we’ve found a way to help revive it here.

[mirado]

Thank you. I had a five paragraph responds, but decided to cancel.

[mirado]

What’s with your bitterness. Not a word you uttered makes any sense.

[Rastus]

On the show Chuck, Chuck works at a Best Buy clone called “Buy More.” Buy More’s motto is: “When you buy more, you save more. And when you save more, you can buy more. And when you buy more, you save more. It all starts when you BUY MORE.”

[Rastus]

I know I do.

[mirado]

What the Albertan politicians did was wrong, and they have been behaving like Venezuelans

In what manner? This is an honest question, and I'm not trying to be an arse.

The rest of your comments are right on the button. Thank you.

[familyop]

I snagged a few links within a few minutes for you.

Alberta Royalties Increase Prompts Fears of Investment Loss
http://en.epochtimes.com/news/7-11-1/61466.html

Alberta raises oil royalties
http://www.businessweek.com/ap/financialnews/D8SGKH5G0.htm

It’s loonie - something’s got to give
Lower interest rates? Peg the dollar to the U.S. buck? The government must consider its options
http://www.canada.com/topics/news/story.html?id=810d533e-346f-4830-8934-ec5d7a5e684a&k=86354

[His comment and comments of many others caused an immediate flight of Asians from their Canadian investments. Meanwhile, the pound and euro stayed.]

Trade surplus falls to 7-year low
http://www.cbc.ca/money/story/2007/11/09/tradesurplusoct.html

Loonie’s grip starting to choke Canadian economy
http://www.canada.com/topics/news/story.html?id=eac63e6e-5043-4b6a-8d44-325603d37a20&k=6593

Some winners, but mostly losers as loonie soars
http://www.canada.com/topics/news/national/story.html?id=be94ed3a-31f9-4e8c-85c1-d4811c85fdf7

150000 jobs at stake because of loonie’s rise: economist
http://www.canada.com/nationalpost/financialpost/story.html?id=1cdb75d7-b72c-4fd8-8d87-796425e3de22&k=69668

[Joe Boucher]

New Yorkers, New Jersey, are about equal.
Both loud and rude.
The line we love here is everything is better from whatever craphole they came from.
Then why are they here?

[fanfan]

LOL.

Gold digger.

;-)

[ODDITHER]

My new son-in-law is from Manchester. His parents came over to meet my daughter and stayed three weeks.
They couldn’t believe the prices compared to England. They pay $8.00 for a liter of gas. They pay 8 pounds for steak and “trainers” are twice as expensive there as well as all clothing. They couldn’t believe that WalMart now carries the “George” label which is English and they could buy them here much cheaper than back home.
The only thing that they found more expensive here than in England were used cars.
We won’t even get on the subject of health care.
They believe that their healthcare and welfare system is what makes it so expensive. They have had to resort to carrying private insurance so they wouldn’t have a five year waiting period for some ailments.

They say that the European union has made it impossible to make a living because of the immigrants flocking in.
They want to retire in the US.

[fanfan]

They believe that their healthcare and welfare system is what makes it so expensive.

They would be right.

They have had to resort to carrying private insurance so they wouldn’t have a five year waiting period for some ailments.

At least they were able to buy some. Canadians are not allowed to have private health care coverage, so, if we can afford it, we pay cash, in the US. If not, we wait.

[mirado]

Thanks for the info. I do not have time to read everything tonight, and will most likely not respond, because after two days, post are outdated.

Regards.