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View Full Version : Thank you China!

Geek
11-07-2007, 03:48 PM
The loonie soared to $1.1024, up almost two full cents from Tuesday's record close of $1.0852.

Full story:
http://ctv2.theglobeandmail.com/servlet/story/RTGAM.20071107.wloonie1107/business/Business/businessBN/ctv-business


OK guys and gals, lets REALLY go buy stuff :D


*stands in 3 hour border lineup*
GuitarsCanada
11-07-2007, 04:30 PM
Just in time for the Christmas buying season. Chaaaarge-it
ne1roc
11-07-2007, 04:51 PM
Well.......great for the consumer for sure. Especially us guitarists! :banana:

I'm in manufacturing and taking a big hit. So are my customers. The temporary fix is to start sourcing over the border............not good for people who need jobs over here. :frown:
Accept2
11-07-2007, 05:38 PM
Not good for anybody, gas prices will still rise regardless, because they need more profit...........
Geek
11-07-2007, 06:30 PM
Gas prices are an odd thing. When we were at $60/barrel, we paid up to $1.20 at the pumps. Now it'll break $100/barrel and we're paying $0.96.... no sense at all.
Accept2
11-07-2007, 06:45 PM
Yet in places like Venezuala, and Dubai its only 4 cents a litre.............
Geek
11-07-2007, 07:02 PM
Monarchies and socialist countries that subsidize the petrol, yeah. Free market countries... pfffft! :rolleyes:
Paul
11-08-2007, 12:10 PM
Gas prices are an odd thing. When we were at $60/barrel, we paid up to $1.20 at the pumps. Now it'll break $100/barrel and we're paying $0.96.... no sense at all.

When oil was @ $60 USD/barrel, the CDN$ was at 65 cents, making oil approx. $92 CDN/barrel. Now were are at $1.10, and oil is at $95 USD/barrel, making oil approx $86.00 CDN/barrel.

That's why our gasoline prices aren't jumping as quickly as the barrel price of oil.
dodgechargerfan
11-08-2007, 05:26 PM
I live in a borer town and I just haven;t found the time to make a run.
I think it's time but in talking this over with some pro-shoppers (my sister-in-law), the thing to do is go deep.
Don't stop at the outlet stores just over the border.
Drive in to the next state - and if that state is a no-sales-tax state, go deeper in to get to the malls and shopping centres that the locals use.
The stuff near the borders is set up for the cross border shoppers and have higher prices - generally speaking.