Portofino Resort- Now with a new BEACH BAR!!
Page 1 of 6 1 2 3 4 5 6 >
Topic Options
#250259 - 09/20/07 05:17 PM $ 1 US = $ 1 Canada: First time in 31 years
Short Offline
Canadian Dollar Trades Equal to U.S. for First Time Since 1976
By Haris Anwar and Theophilos Argitis


Sept. 20 (Bloomberg) -- Canada's dollar traded equal to the U.S. currency for the first time in three decades, capping a five-year run on the back of booming demand for the nation's commodities.

The Canadian dollar reached $1.0002, before retreating to trade at 99.93 U.S. cents at 11:01 a.m. in New York. It has soared 62 percent from a record low in 2002. The currency last closed above par on Nov. 25, 1976, the day before the Sex Pistols punk band released their first single, ``Anarchy in the U.K.''

The move to parity marks a milestone for a currency often mocked in the U.S. as ``Monopoly money'' because of its colorful notes and diminished value. Parity also symbolizes Canada's emerging clout in a world economy increasingly short of the energy, grains and metals the country produces.

``It's a long time since those heady days,'' said Frank McKenna, 59, deputy chairman of Toronto-Dominion Bank, the country's third-biggest lender, and a former ambassador to the U.S. ``Canadians should understand that this is a badge of confidence in our country.''

Canada, the world's eighth-biggest economy, has benefited from rising demand for copper, gold, wheat and oil from neighboring U.S. and emerging economies such as India and China. The country is the world's largest producer of uranium, the second-biggest exporter of natural gas, and sits on the largest pool of oil reserves outside the Middle East. Canada is also the world's second-largest exporter of wheat, which rose to a record this month.

Last Updated: September 20, 2007 11:03 EDT

http://www.bloomberg.com/apps/news?pid=20601082&sid=awhVMIymbX0w&refer=canada
_________________________
Live and let live

Top
#250261 - 09/20/07 05:27 PM Re: $ 1 US = $ 1 Canada: First time in 31 years [Re: Short]
SimonB Offline
Good news, makes Belize much more attractive to Canadians! Can't believe how fast it's risen. http://finance.yahoo.com/currency/convert?amt=1&from=CAD&to=USD

Top
#250263 - 09/20/07 05:36 PM Re: $ 1 US = $ 1 Canada: First time in 31 years [Re: SimonB]
Sir Isaac Newton Offline
Good time to buy in Belize Canadians!!!!

Let me know when the Belize Dollar is at par, then we can have a party!
_________________________
Check out my site: www.ambergriscayerealestate.net

Top
#250273 - 09/20/07 06:30 PM Re: $ 1 US = $ 1 Canada: First time in 31 years [Re: Sir Isaac Newton]
Danny2 Offline
Would it be wise to trade u.s. dollars for another? Witch one? (pun)

Top
#250275 - 09/20/07 06:33 PM Re: $ 1 US = $ 1 Canada: First time in 31 years [Re: Danny2]
Ernie B Offline
Gold and silver. No pun !
_________________________
Gun Control is Hitting Your Target.

Top
#250296 - 09/20/07 08:39 PM Re: $ 1 US = $ 1 Canada: First time in 31 years [Re: Ernie B]
Sir Isaac Newton Offline
Not wise to trade when low, wise to purchase when low. Wise for Canandians to purchase when high, he he, is it 420?
_________________________
Check out my site: www.ambergriscayerealestate.net

Top
#250298 - 09/20/07 09:00 PM Re: $ 1 US = $ 1 Canada: First time in 31 years [Re: Sir Isaac Newton]
JZB Offline
Great news for those in Canada. Bad news for those visiting Canada. The exchange rate USED TO almost make up for the GST and PST, now my Toronto shopping trips are gonna cost a fortune! Bummer.

Top
#250300 - 09/20/07 09:24 PM Re: $ 1 US = $ 1 Canada: First time in 31 years [Re: JZB]
pedro2
Experts believe the US$ will go much lower. Saudi Arabia may be about to remove its peg to the US$, and that will have an enormous effect. It's only a good thing from a narrow personal perspective - in most respects it's liable to be catastrophic.

Top
#250328 - 09/21/07 01:11 AM Re: $ 1 US = $ 1 Canada: First time in 31 years [Re: ]
Leah-Ann Offline
Can you say recession?
Not a good time to be in debt.
_________________________
I can never remember which is better . . . safe? . . . or sorry?

Top
#250337 - 09/21/07 02:43 AM Re: $ 1 US = $ 1 Canada: First time in 31 years [Re: Leah-Ann]
Ernie B Offline
GOLD & SILVER !
_________________________
Gun Control is Hitting Your Target.

Top
Page 1 of 6 1 2 3 4 5 6 >

Links
Click for excellent scuba lessons with Elbert Greer!


Things to do

News
Daily News
Daily Weather

Classified Ads
BelizeNews.com
San Pedro Sun
Ambergris Today
SP Town Council
Channel 7
Channel 5
Amandala
Love FM
The Reporter
Caye Caulker
Chronicles

PLUS TV
TV Newscasts
Radio Stations

Click for our
Search thousands of Belizean-only websites

Event Guides
Event Calendar
Specials & Events
Things to Do
SanPedroScoop
iTravel Belize
Paradise Theater

Blogs
San Pedro Scoop!
Tia Chocolate
Tacogirl
My Beautiful Belize
I-Travel Belize
Belize Adventure
Belize Hub
Romantic Travel
Bound for Belize
Conch Creative
As The Coconuts Drop
More Blogs...
Search thousands of Belizean-only websites
Chaa Creek is an award-winning luxury Belize Resort, rated as one of the worlds best Eco Lodges. We are a pioneer in adventure travel to Belize since 1981!
White Sands Dive Shop - 5 Star PADI Dive Facility - Daily diving, SCUBA instruction and Snorkeling
Caribbean Inspired All Natural Condiments & Spice Blends, Over 100 are Gluten Free!
We manage a variety of homes, apartments, condos and commercial properties here on Ambergris Caye. Our minimum lease on ALL properties is six months.
Conch Shell Inn: All rooms are right on the beach in the heart of San Pedro, so within walking distance to anything and everything!!
Lilí Alphonse has snorkel equipment to fit anyone as well as Marine Park Tickets and flotation devices to assist those not as experienced.
Coastal Xpress offers a daily scheduled ferry run to most resorts, restaurants and private piers on the island of Anbergris Caye. We also offer  private and charter water taxi service.
Mini Chat

Cayo Espanto
Click for Cayo Espanto, and have your own private island
More Links
Click for exciting and adventurous tours of Belize with Katie Valk!
December
S M T W T F S
1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31
Who's Online
1 registered (1 invisible), 21 Guests and 8 Spiders online.
Key: Admin, Global Mod, Mod
Forum Stats
18,676 Registered Members
44 Forums
64,064 Topics
462,323 Posts

Most users ever online: 1,262 @ 06/10/07 07:16 PM




AmbergrisCaye.com CayeCaulker.org HELP! Visitor Center Goods & Services San Pedro Town
BelizeSearch.com Message Board Lodging Diving Fishing Things to Do History
BelizeNews.com Maps Phonebook Belize Business Directory
BelizeCards.com SanPedroDaily.com Picture of the Day

The opinions and views expressed on this board are the subjective opinions of Ambergris Caye Message Board members
and not of the Ambergris Caye Message Board its affiliates, or its employees.