Canadian Dollar - down down down

[Eber]

Hold on to your hats for the next couple weeks because my crystal ball tells me that the yen is going to drop like a fcuking stone!

[dah_hunter]

I hope so.. LoL.

[VicSkylines]

me 2.. sucks when you have to pay a fifth more for vehicles now lol

[Bruizer]

78 cents to the american dollar and we're still supplying them with the most oil compared to other countries lol. Funny world. More countries are going into remission, I don't suggest buying any parts, investments or anything right now. Things will get really bad before it gets better. Most of the companies here are starting to lay some people off. I also heard there's a shortage of diesel in alberta from some of the trucking companies, more layoffs. Save your money, you'll need it soon.

[mwracing]

Live Rates:

CDN to USD:

Live rates at 2008.10.25 05:53:19 UTC
10,000.00 CAD

=

7,827.18 USD
Canada Dollars United States Dollars
1 CAD = 0.782718 USD 1 USD = 1.27760 CAD



CDN to YEN:

Live rates at 2008.10.25 05:54:19 UTC
10,000.00 CAD

=

737,515.61 JPY
Canada Dollars Japan Yen
1 CAD = 73.7516 JPY 1 JPY = 0.0135590 CAD

[JzGarage]

Hold on to your hats for the next couple weeks because my crystal ball tells me that the yen is going to drop like a fcuking stone!

No it wont, nor will the cdn dollar go up.

CDN dollar cutting interest, and its a comodity currency, oil and natural resources goes down so does our dollar.

Yen on the other hand, injecting large amount of currency, raise it... just like

the USD.

[starboy869]

I was about to hit up Darly again for some stuff from JPN however 48,000 yen is like $650+ .. Ouch

[DeviantRebel442]

Heres what my expertise is telling me...

Currently Cash is King...right now your credit score means fuc7< all

You will have to be *******! Warren Buffet to get a loan, and theres a good chance non of this will blow over soon..

Apparently it will take about 4 years for the banks that have been bailed out to fully own themselves again, and the whole subprime mortgage hasnt hit rock bottom yet. The current expectation is for the housing problems to bottom out in March for the US...which means the worse is yet to come...

Now as JZ said, Canada is a commodity Market...oil, gold, silver, etc etc... we are a natural resource market, the go up we go up...thats why the canadian dollar was so strong...

So back to m advice...HOLD ONTO OUR MONEY...right now is not a time to start a project build unless you have chump change lying around...Right now is a smart time to be patient and hold on, you may have lost alotta money... DO NOT SELL...especially if your in mutual funds... stay in it for the long term.. 5-6 years from now you will be right back at where you were...

Now for those with the cash and sense for some risk, and also some major profit...Throw some money into the market in i would say about another month or so...After the american election which is in 2 weeks give er take, they future will be much more predictable in terms of the war, and where the world will be heading...

Follow people like Warren Buffet, watch their investments, and try to systematically duplicate their investments...When they invest they go big, and there is a chance for a huge profit margin do to the over priced predictions large investments tend to project on small companies...

Be smart, and like i said before start to watch the market in a month...As of right now, best bets to make money are investing in the small and big ETF shorts for the S&P 500, and DJIA...with how up and down the market is day trading with those shares could possibly make you between 2-5,000 a day depending on much much your willing to invest, how smart ou play it and the direction the market decides to take on that day...

Anyways...like i stated in the beginning Cash is King, and right now if you have Cash your set...A smart idea would be to limit pleasure spending and focus on necessity, and soon, especially in BC, invest in housing...after 2010 it will be going back up, and as well all know right now it is crashing so watch for a closure on that and where it will balance out...

For those of us IN BC...i wouldnt worry AS MUCH, but i would worry...with several of the large scale projects for the games and such that are going on right now, or economy is much more stable then some others, however we will all start to notice a slow down in would say in about 4-5 months...

In terms of the market i predict that it will take about 9-12 months for some trust to be given back into the market and investors to start investing again...I AM NOT SAYING THE CRISIS will be over, however we will possibly see a positive turn around...

Anways...that is my rant about the market right now...

[SEANISSAN_GTS-T]

The canadian dollar will go back up within about 3 months or so, maybe not all the way but a fare bit because before every american election the canadian dollar drops. its crazy to think what could happen depending on who's voted. stay in Iraq, leave Iraq, independent energy for the us, offshore...wild.

[mcfly]

Yen on the other hand, injecting large amount of currency, raise it... just like

the USD.

What kind of crack are you smoking?
If you inject more currency into any market it devalues what's currently out there.

Print more yen, usd, cad euro etc. and it will go down.

[Browny_R31]

right now is actually not a bad time to buy full cars from japan auctions. You can pick up a steal even at current conversion rates.

Because everyone is so scared about the whole world economy... no one is bidding anywhere close to the price they were around 6 months ago. ALso there arnt as many people bidding so if you have CASH laying around (dont go out and get a loan!!!) and want to buy a japanese imported car, then now is a great time. Prices have dropped in auction sales dramatically!

[JzGarage]

What kind of crack are you smoking?
If you inject more currency into any market it devalues what's currently out there.

Print more yen, usd, cad euro etc. and it will go down.

I'm not smoking any crack mcfly, perhaps you should re word how you speak to other people on this board...

The government and investors injecting liquidity or money into the market does not mean they are printing more money mcfly....

The yen's surge is being driven in part by investors offloading overseas investments to bring their money back to Japan amid the global financial turmoil. In good times, many investors borrowed money at Japan's low rates, and looked overseas in search of better returns. Now these same investors are selling their overseas assets and buying up yen to pay back their loans, driving up the currency.

on a side note, before starting jzgarage I was working at ING Shanghai as well as Canada as a investment manager.

*************************************************

And for all of you, yes it is a good time to buy BECASUE the dollar is not going be rebounding any time soon, not in 2 or 3 months period. OPEC has just cut oil 2.5 billion oil production per month because of the low demand. Oil prices will continue to fall, and so will our currency. Read the news, most experts think it will be at least a year before our dollar goes up back up again to norm.... and what is norm? 80 cents to a dollar is normal so don't be expect 90+, casue that wont be happening any more.

Dollar will fall down to the 60's by this months end or next month... im guessing low point around 70's

[Browny_R31]

so when do u think is a good time for me to buy canadian dollars (converted from aussie $$$). I need to do it before i get to canada in january next year (start work feb)

[dah_hunter]

I just remebered why i like it when the CAD sucks against the US..

I can sell things on eBay and make tons of money..

Hello eBay..

going to put some crap up now..

[JzGarage]

so when do u think is a good time for me to buy canadian dollars (converted from aussie $$$). I need to do it before i get to canada in january next year (start work feb)

Well that really depends on how well aussie is doing against the dollar.