Canadian dollar collapsing, experts pessimistic

[Dan Druff]

Canadian dollar has dropped a whopping 33% in the past year versus the US dollar.

I know this very well, because the Canadian dollar was 91 cents when I traveled there in August 2014, 75 cents when I visited in September 2015, and just 69 cents today.

Experts predict that it will keep falling, and then get stuck at wherever it stabilizes. Some see the bottom at 65 cents, while others see the bottom at 59!

Grocery prices are way up for Canadians, especially anything imported from the US.

It is also predicted that the Canadian dollar won't recover until around 2018!

The only upside for Canadians is that this weak dollar will spur continued strong tourism. Canada had its best tourism year ever in 2015, mostly thanks to the favorable exchange rate for US dollar holders.

I will probably take another Canadian trip this year if this situation remains.

http://www.profitconfidential.com/fo...nadian-dollar/

[BetCheckBet]

Actually biggest advantage is not tourism but exports.

Wish I still played poker.... Buying from USA is def no no now

[Benford]

CAD will make a comeback roughly in tandem with oil prices. It's just a matter of how long it will take for oil price to climb out of the hole.

[BetCheckBet]

Also for people who don't understand odds ratios... Dollar at 66 cents means Canadians pay 50% more for usa goods not including exchange fees or duty...

[gauchojake]

My first trip to Canadia was for a bachelor party when the USD/CAD exchange was like 1 to 1.6. We lived like kings! I am pretty sure they hated us.

[Baron Von Strucker]

I may have made the best investment in my life when i gutted and renovated my cabin in USA at the time traded 1CAD for 1USD 200k. Would probably make sense to sell it this summer and collect profit from the sale and the exchange rate.

of course my wife aint seeing it that way and refuses to sell her little piece of paradise regardless of the potential profit, I will admit it has greatly improved our relationship (sex life) since we bought it, it is very relaxing and fun there.

[ThisGuyisWhat]

I hope Canada is endlessly punished for the decision to elect Justin Trudeau as the Prime Minister. I can not imagine a more shameful act for any country to partake in.

[simpdog]

CAD will make a comeback roughly in tandem with oil prices. It's just a matter of how long it will take for oil price to climb out of the hole.

[Sanlmar]

CAD will make a comeback roughly in tandem with oil prices. It's just a matter of how long it will take for oil price to climb out of the hole.

Not really. Oil prices will rise when the Canadian oil business is finally wiped out.

Saudis and U.S. will bid at the estate sale.

[lol wow]

chaps actually starving to death

[tgull]

Quebec is a very cool, I might buzz up there for a long weekend, there is a very cool hotel there on a hill right off the lift. If Druff is correct @ .59 on the dollar you simply can't beat that. Outside of Vancouver and Quebec, rest of Canada is a shithole.