Canadian Dollar

I'm sitting here on Vancouver Island and we are getting some light snow again, more than usual this year but still not bad.
After 6 years of going south we have not been for 2 years. However we have decided to go in February, even though our dollar is still very low, we will just spend less when we are down there if we have to.
Our main reason for going is that we love going down there and we are not getting any younger. I do not see the dollar improving any time soon, and in a few years time we don't want to be regretting not doing it now.
Merry Christmas.

I hear ya there Happycamper, I am having a Cataract surgery in late Jan. so that is the main reason we are not going. I guess we still could in FEB. but are planning a big summer trip,so will probably stay home for now.
Have a great trip down there!!

Several parks in South Texas are taking the Canadian dollar on par with the US dollar. Rio Grande Valley. Come on down, you will be warmly welcomed.

We should be helping our northern friends. We plan on coming to Canada in July/August so the currency rate should be more even by then.

junmy3 wrote:
We should be helping our northern friends. We plan on coming to Canada in July/August so the currency rate should be more even by then.

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I don't get it. Canada balances their budget and we are trillions of dollars in debt and still the U.S. dollar is worth 25% more?????
Boy, I must have been sleeping in my economics class...

Merry Christmas everyone.

As I understand it, Canada's GNP is significantly based on oil - which is currently being sold are record low prices. Perhaps a Canadian will correct me if my assessment is wrong...

I have discussed the the Canadian dollar with all our snowbird friends from Canada and each agrees that it balances out by coming south. Not having to heat the house. The cost of gas or fuel. A lot is saved by going into Mexico for dental and drugs(the legal kind). Then of course, they all say that Beer and liquor is cheaper.

Currency values is not always a science. More like an Art. It has a lot to do with perception. If money traders do not like your government nor it's politics your currency will be undervalued. Being as we cannot discuss politics that is the extent of my post!

Moisheh

https://www.bloomberg.com/news/articles/2016-12-23/canada-s-economy-contracts-on-worst-factory-output-since-2013


A country's debt is not a measure of how currency should rise or fall. Several factors determine the health of a country's economy.

Fall in GDP, diminishing export, rise in imports and less investments make the economy weaker.

If all of the above are reversed, things would look rosy. True, that US debt as opposed to Canada is mind boggling but it (US economy) also promises big return for investors in the long run.

Canada's manufacturing production output has been lackluster in the past quarters, along with the price of oil that's also causing problems with OPEC.

So don't expect the Canadian Dollar to make leaps and bounds in the immediate future.

BTW: GNP as opposed to GDP. . . two different "animals" :)

slickest1 wrote:
The Canadian Dollar is so low that even the Robins aren't going south!!

Good one.