CDN $$ almost exactly par

Quagmire · #1 09-21-2007, 03:34 AM

Currency Chg%
X=1$USD NY Time X=
1$USD X$USD
=1 Gold
Price/oz Gold
Chg Gold
Chg%
US Dollar -- 09/20-23:25 -- -- 733.70 +2.00 up/down +0.27%
Australian Dollar +0.51% 09/20-23:22 1.1535 0.8669 846.32 -2.01 updown -0.24%
Brazilian Real +0.03% 09/20-17:10 1.8715 0.5343 1373.12 +3.38 updown +0.25%
British Pound +0.06% 09/20-23:24 0.4974 2.0107 364.91 +0.78 updown +0.21%

Canadian Dollar +0.20% 09/20-23:24 1.0001 1.0000 733.74 +0.54 updown +0.07%

Chinese Yuan +0.11% 09/20-23:10 7.5013 0.1333 5503.70 +9.00 updown +0.16%
Euro -0.04% 09/20-23:24 0.7106 1.4074 521.33 +1.64 updown +0.32%
Indian Rupee +0.18% 09/20-21:30 39.6200 0.0252 29069.19 +28.02 updown +0.10%
Japanese Yen -0.40% 09/20-23:24 114.9850 0.0087 84364.49 +566.55 updown +0.68%
Mexican Pesos -0.04% 09/20-22:50 10.9910 0.0910 8064.10 +25.27 updown +0.31%
Russian Ruble -0.01% 09/20-23:20 25.0640 0.0399 18389.46 +52.47 updown +0.29%
S.African Rand +0.00% 09/20-12:24 7.0330 0.1422 5160.11 +14.07 updown +0.27%
Swiss Franc -0.05% 09/20-23:23 1.1721 0.8532 859.93 +2.78 updown +0.32%

1 USD= 1.0001 CND

marie · #2 09-21-2007, 04:19 AM

Which is not a good thing...my husband gets paid in US funds

andresont · #3 09-21-2007, 04:53 AM

Good for Canadian wholesalers.

fishmaster · #4 09-21-2007, 04:53 AM

Also bad for tourism,forestry,canadian export to the US of any kind...ect...ect...Not a good thing IMO. Thank god for all the Albertans coming to the Island these days

makes up for the lack of Americans.

andresont · #5 09-21-2007, 04:57 AM

Quote:

Originally Posted by Quagmire

Chinese Yuan +0.11% 09/20-23:10 7.5013 0.1333 5503.70 +9.00 updown +0.16%
1 USD= 1.0001 CND

may be we should start thinking about buying Chinese money eh?

fishmaster · #6 09-21-2007, 04:59 AM

Quote:

Originally Posted by andresont

Good for Canadian wholesalers.

What do you mean? We don't make anything off the dollar

Actually, we change our prices to reflect the dollar we buy at. The retailers are more likely to keep the prices up as long as possible. It will come to bite them eventually as more and more people cross-border shop.
***BTW, not pointing any fingers at any retailers on this site, you all seem to be nicely competitive

Delphinus · #7 09-21-2007, 05:10 AM

It did hit par this morning. This afternoon when I checked it had dropped to 0.9984. I wonder if it goes above tomorrow.

One thing though, I checked a bunch of things I want to buy at some U.S. vendors, and Wendell STILL has them price beat.

I'll still be buying the stuff from Ocean Aquatics. Wendell da man!!!

fishmaster · #8 09-21-2007, 05:28 AM

Quote:

Originally Posted by Delphinus

It did hit par this morning. This afternoon when I checked it had dropped to 0.9984. I wonder if it goes above tomorrow.

One thing though, I checked a bunch of things I want to buy at some U.S. vendors, and Wendell STILL has them price beat.

I'll still be buying the stuff from Ocean Aquatics. Wendell da man!!!

Your Right, I guess it's industry specific. With the competative market out there right now...the bigger saltwater dealers don't seem to be much higher. The few times I've looked at bigger ticket items across the line...I was better off buying from Vancouver. Some items though(not aquarium related) are still selling at retails based on a US dollar from a few years ago...

Delphinus · #9 09-21-2007, 05:32 AM

Oh yes. Very true. I had to buy my Thule bike carrier off ebay. The Canadian retail price of the unit was (and still is) $600, whereas the US list price is $300. Then you have your ebay retailers who sell for even less because of no overhead. I paid $270 plus $60 shipping, taxes etc. to my door. Thule refuses to adjust their Canadian prices, the difference is quite obscene. I'm not sure why they think it's in their better interest to punish Canadians like that. At any rate, their Canadian retailers/distributors lost out on a sale because of that practise.

fishmaster · #10 09-21-2007, 06:15 AM

Quote:

Originally Posted by Delphinus

Oh yes. Very true. I had to buy my Thule bike carrier off ebay. The Canadian retail price of the unit was (and still is) $600, whereas the US list price is $300. Then you have your ebay retailers who sell for even less because of no overhead. I paid $270 plus $60 shipping, taxes etc. to my door. Thule refuses to adjust their Canadian prices, the difference is quite obscene. I'm not sure why they think it's in their better interest to punish Canadians like that. At any rate, their Canadian retailers/distributors lost out on a sale because of that practise.

I find that with soo many products. The thing is, with the dollar changing so much so fast, a distributor has to sell way more to see any growth.(I'm a sales rep for a mid sized ditributor) For example: say on averege the dealer cost of US imported products(like 90% of what we sell) goes down 10%, I have so sell that much more just to be on par with last year. It's like you worked that much harder for nothing! We set our prices based on our landed cost, so we have to live with it. I don't agree with it, but I can understand why some distributors/retailers are trying to keep their prices up. But, there's a very big difference between keeping the prices up & ripping people off!!!!!