CDN Dollar drops below 70 cents

[grandpakhalif]

I wanted to go back for a year and work and come back to Somalia, I guess not, I'm waiting till it reaches 85 cents+ this is ridiculous!

http://www.cbc.ca/news/business/markets ... -1.3399971

[Itrah]

Most currencies around the world are down against the dollar the past couple of months.
1 euro is now only 1.08 US dollar. Fuuuuukkk.

I miss the days of ordering stuff online from the US for big discounts (when the euro was worth +1.40). Now shit is the same price.

[JSL3000]

I'm economist and that is a big drop.

[grandpakhalif]

1 euro = 1.53 CDN, you would do great in Canadian shopping sites

canadian dollar is very much dependent on oil,oil is now $30 barrel which is very low.

oil producing countries are foked

[Itrah]

I never buy stuff from Canadian webshops.

When I buy foreign stuff, it's usually either from the USA or China. They have better deals.

[JSL3000]

oil price fluctuation is a killer.

[CigaalSHiiDaaDCFC]

It's scary! it's tough for those of us who have to send bills we have to pay more 150 cnd to send 100 usd oil below 30 for the frist time since 2003!

[Itrah]

In 2002 according to the forex charts the CAD was worth 60 US cents.

It can still go lower my eskimos

[GAMES]

Usually when your money depreciates against the US dollar, it means your export becomes cheaper.

Only problem is, Canada has nothing to export, besides i dunno, cheap OIL?

Oh wait, OIL is also down.