stupe Posted January 27, 2015 Report Share Posted January 27, 2015 Just bought an updated Trakmap card for my GPS today and the exchange rate was 1.24. Woohoo! Quote Link to comment Share on other sites More sharing options...
mikerider Posted January 27, 2015 Report Share Posted January 27, 2015 I just paid my 12 night RDL stay yesterday when I checked out. Had I stayed a couple more weeks I think the stay would have been free. I just hope this rate isn't hurting our Canadian neighbors. mike Quote Link to comment Share on other sites More sharing options...
wulsock1 Posted January 27, 2015 Report Share Posted January 27, 2015 I hope not either Mike. Hey I just noticed your from the coast of Maine. What part? My wife is from Damariscotta. Quote Link to comment Share on other sites More sharing options...
mikerider Posted January 27, 2015 Report Share Posted January 27, 2015 West Bath! Quote Link to comment Share on other sites More sharing options...
wulsock1 Posted January 27, 2015 Report Share Posted January 27, 2015 Sound like you might have a LITTLE riding snow at home eh? Quote Link to comment Share on other sites More sharing options...
600IQHO Posted January 27, 2015 Report Share Posted January 27, 2015 Exchange rate at the border Saturday morning was only 1.16 but they are always a few cents lower there. Quote Link to comment Share on other sites More sharing options...
viper2 Posted January 27, 2015 Report Share Posted January 27, 2015 Got 1.199 today at the Caisse Populare in St. Gabriel du Rimouski today Quote Link to comment Share on other sites More sharing options...
NJSkidoo Posted January 28, 2015 Report Share Posted January 28, 2015 The U.S. has signaled an end to Quantitative Easing and because of economic strength (or at least the prettiest girl in an international ugly girl pageant) plans to raise interest rates in 2015. International money then flows to the USD making it stronger currency. On the other hand, Canadas economy is largely resources related and the recent drop in oil prices is having a negative impact on oil sands business as US fracking is more profitable at these and lower oil levels. Last week, the Canadian Govt, due to this weakness, surprised markets and CUT interest rates and the belief is there maybe more cuts which lowers the attractiveness of Canadian dollar. My expectation is we see 1.30-1.40 exchange rate by December 2015 and 1.50 in 2016. Yes I do this for a living. Quote Link to comment Share on other sites More sharing options...
wulsock1 Posted January 28, 2015 Report Share Posted January 28, 2015 WOW..... Good info. I have been working for a man that deals with a lot of different financial institutions and he said pretty much the same thing. The conversation came up when I was telling him about our upcoming trip. Quote Link to comment Share on other sites More sharing options...
NJSkidoo Posted January 28, 2015 Report Share Posted January 28, 2015 Yes this year is less expensive for Americans to visit Quebec not only due to the favorable exchange rate but also the decrease in the price per liter of gas. When the rate gets back to 1.50, I will hedge out the exposure and convert 4-5 years worth of sled trip costs equivalent at that time. If rates go back to 1:1, then I'm the only smart one in the room "still" getting 1.50. Obviously, you have to have the cash to do that, but it pays for itself if you're like me and go to QC every year. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.