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Forum » 1 CAD is now worth 0.81 USD (u mad?)
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Thread: 1 CAD is now worth 0.81 USD (u mad?)

post 1637247263 04-27-2021, 08:26 PM
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1 CAD is now worth 0.81 USD (u mad?)

This is a gain of 0.11 from a year ago.

American brahs who love ripping on our monopoly money... how are you coping?

With the US money printer gasping for air how long will it take before the USD gets mogged?
post 1637247353 04-27-2021, 08:27 PM
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  1. MinisterOfLust
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What does that even mean?

Is Canada richer than the United States?
post 1637247363 04-27-2021, 08:27 PM
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It was worth more as late as 2012, hopefully it keeps going.
post 1637247503 04-27-2021, 08:30 PM
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Anyone balls deep on Iraqi Dinar or Russian Rubles?
post 1637247533 04-27-2021, 08:30 PM
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U.S is still stronger, Econ comprehension of piss SRS.
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post 1637247573 04-27-2021, 08:32 PM
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Bragging about losing a race to 0.
They got little baby legs that stand so low
you got to pick 'em up just to say hello.
post 1637247583 04-27-2021, 08:32 PM
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People who bring up the spot exchange rates don’t even know how this all works, we don’t generally buy things here in USD. Purchasing Power Parity is what matters and it remains quite stable compared to spot currency exchange rates. And governments post official PPP figures.

CAD was trading higher than USD in 2007 and 2011-2012, that doesn’t suddenly make us any richer. We don’t want the CAD trading high against the USD because it negatively impacts the competitiveness of our exports and our government (like many others around the world) works to keep exchange rates at certain levels to benefit our own economy. China takes it to the next level.
post 1637247643 04-27-2021, 08:33 PM
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Originally Posted By Destor⏩
People who bring up the spot exchange rates don’t even know how this all works, we don’t generally buy things here in USD. Purchasing Power Parity is what matters and it remains quite stable compared to spot currency exchange rates. And governments post official PPP figures.

CAD was trading higher than USD in 2007 and 2011-2012, that doesn’t suddenly make us any richer. We don’t want the CAD trading high against the USD because it negatively impacts the competitiveness of our exports and our government (like many others around the world) work to keep exchange rates at certain levels to benefit their own economies. China takes it to the next level.
OMG somebody else on this planet that understands PPP besides me.
post 1637247653 04-27-2021, 08:33 PM
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Originally Posted By MinisterOfLust⏩
What does that even mean?

Is Canada richer than the United States?
pretty much nothing on its own
post 1637247813 04-27-2021, 08:36 PM
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Cant hear you over the sound of me being fully vaccinated.
post 1637247823 04-27-2021, 08:36 PM
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  1. DoYouEvenNEM
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Originally Posted By Destor⏩
People who bring up the spot exchange rates don’t even know how this all works, we don’t generally buy things here in USD. Purchasing Power Parity is what matters and it remains quite stable compared to spot currency exchange rates. And governments post official PPP figures.

CAD was trading higher than USD in 2007 and 2011-2012, that doesn’t suddenly make us any richer. We don’t want the CAD trading high against the USD because it negatively impacts the competitiveness of our exports and our government (like many others around the world) work to keep exchange rates at certain levels to benefit their own economies. China takes it to the next level.
AFAIK almost all countries lose against USA in terms of nominal but also PPP. It's because USA has a huge industrial and agricultural base.

https://en.wikipedia.org/wiki/List_o...PP)_per_capita

Even this list is pretty suspect I think. Like I seriously doubt Norwegians in PPP are richer than Americans in real life.

But I can agree with Singapore. Singapore has some sort of public housing system where you can buy a 4 bedroom apartment for $300K. And they have super cheap street food.
post 1637247843 04-27-2021, 08:36 PM
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Not mad at all I keep -30k usd and plus 50k CAD in an account and rake in 200-300 a week usually
One day scientists are going to kill us all.
post 1637247863 04-27-2021, 08:36 PM
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now, lol.
post 1637248043 04-27-2021, 08:41 PM
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CAD could overtake USD again.

oil is coming back in a big way as much as climate change lunatics try and fight it.
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