As I posted back in May, the Canadian Dollar is getting a lot stronger vs the US Dollar. As I type out this post it is sitting right at the June low, and ready to fall again… in fact, if you look at how quick it’s dropped.. well, the only real support I see once it breaks 1.08 is around 1.05.. then of course the lobbying at 1.00 even par! Wow.. I’m trying to figure out if this is a good thing or not, probably not since I don’t have any plans to purchase anything in the US in the near future
But hey.. can’t hurt with the Ebay Purchases eh?
You know what’s interesting about this? It was the same time last year that it went down hard and it stayed around par right until September 22nd when it shot back up again… I believe that we’re going to be at par and better sooner than later, all of the money they are spending in the US on wars and bailouts and all other things has to come back to haunt them. Hell, even Warren Buffet said today in an interview that he thinks stock and equities are the way to go long-ish term as there are “real inflationary possibilities” in the US.
So.. this is me once again saying that we’re going to see par soon.. currently I’m not investing anything on this belief, however it’s definitely in the back of my mind to get some money over to US funds as that will also return a pretty good value I think years from now.. hmm, perhaps I’ll buy a classic car down there, or an RV to sit in one of the rv parks somewhere in Florida.. wait.. when is Hurricane season?
*UPDATE* just noticed the following.. 15 minutes into market open.. we’ve broken 1.08… 1.05 here we come

