$.70455 03/17/20
 

I have missed the boat a couple times, (happily now) and still have some US cash in surplus. Today it is higher than it has been for months (maybe years) to cashout, looks like it will fall more.

Another penny is a couple hundred dollars more in the jeans, and I have no interest in going to the States right now.

Ride it out or cash it in?

I am leaning towards waiting for a couple more cents, hate the thought of making money off our hurting economy, but thats the way it is working right now.

My partner says US funds are only gonna get better

Thank your partner for me.

I am thinking the same. Another 05c would be huge

$.70 is my sell point. But I may re evaluate depending how fast we get there.

If anything, I think we will hear a "clunk" one day....the sound of the Cdn dollar dropping off significantly.

01/15/16 it hit .69c, been hovering .75-76 since.

It was $1.04 in 2011, I remember paying $985 CAD for $1000 USD.

It has gone from .73 to .74 in 4 hours this morning

And then of course the Banks will institute a 'new simplified fee' for us selling them US$, and we will get less back anyway.

Yup. Lol

The Chinese upped their interest rates about 10 years ago and people thought that would up the US dollar.

Partner bought US $ big time......I think she pulled that off around 2007 or 2008 too.....

I just mattress stuff....Im no investor. Ive got ammo. If I need $, Ill get it....lol

I sold mine, think the US is in for a rough ride ahead

Im predicting a Trump re-election, a war, a weak Canadian government failing to deal with whatever, a Chinese government needing to lower their interest rates and low oil prices

If Canada were stronger Id likely say sell

But Canada is fragile. Unstable. An investment risk.

Pretty spot on

I moved some money around on Friday. moved to cash. My RRSP's are bleeding like mad but I am leaving them for now.

And we won't have an election for another 3-1/2 years, so I don't see Canada gaining any strength before then.

Canada will bleed hard for the next 4 years. Then, a new government will come in and have a lot of "white mold" to deal with

Yep. Think I'm going to move to Ecuador. Very low cost of living, clean and low crime rates (in Cuenca), and temperatures that are between 16-24 C year round. Oh, and a much, much lower tax rate. I knew there was a reason I've been practicing Spanish. Looking better all the time.....

I know, this was completely off topic. I'd say hold till the CDN hits $.70 Ken, this oil war is gonna slay our dollar, as well as the virus panic. It's the low dollar and high tax, anti business government that has me thinking (a lot) about Ecuador.

right now
 

a $1 in hand is better then $2 that maybe coming ??:thinking-006:

Given the current market today, I don't think stabilization will occur at all anytime soon. Pick what you're comfortable with. Personally, I'd just cash it.

We have a 'Minority' government this time around ... in theory, an election could happen at any time.

All it would take, is for the Liberals to lose a 'non-confidence vote', and we'd be off to the polls again.

Once the CPC have selected a new leader (June 27th), the clock will start ticking.

Selkirk

Commodities have Ben low for long time. Going lower ASAP. I am thinking Slingshot starting now. With South America falling apart. Socialism collapse Chile was looking good, not anymore, Venezuela wow! So many Venezuela working in Alberta now. Low prices,on most commodities. Give couple years, bounce back hard, and with all Ill prepared nations just be adding to confusion. Example Canada needs another pipe line, cannot get it done, with all liberal environmental hurdles. This is everywhere to many hurdles.
I am ready for Slingshot......:sHa_shakeshout:

RBF2014, straight U.S. dollar savings account, you can earn .45% interest while it sits. That is the equivalent of it dropping half a cent a year while you are waiting to hit 70 cents. Right now I would be holding onto all the U.S. dollars I had, like the others I don't see Canada's dollar getting stronger over the next year or so.

I suspect Trumps economics are going to do well. protectionism could pay off big in slumping world markets. It could all far apart if Trump was ousted, but I think a lot of people are re-evaluating what it all means.

I plan on continuing to play small on the ‘events’ , securing the bulk for term.

$10,000 gives you $45. I would do better picking bottles out of ditches

Yes you would but but the money is just sitting there anyhow. In all truth, a 3 cent move to 70 cents gives you $300 so you can still do better picking bottles than you can worrying about small changes in exchange rates. You have a real talent for finding god deals on equipment, you could make far more buying sand selling equipment with those dollars than you ever will arbitraging the exchange.

$1.3417 about an hour ago, I'm sitting on about $20K US myself and been thinking of cashing it in ??????????? bought a bunch back in 2011 for .9412 when we had our house in Arizona, so far it's been doing OK in a USD money market fund so kind of torn between cashing it in or leaving it ride ???? if I could always predict what was going to happen I'd be a billionaire :)

this just popped up on XE.com

US Dollar soars to new highsLOG IN
USD has climbed to a new high since 2017 against the Canadian Dollar due to a fall in crude oil prices.

Could now be a good time to transfer?
Log in or sign up to get a money transfer quote

I picked a number- $8,114.00 USD

Been using it for a year now, was as low as 10,460.00 at one point.

8,114USD = 11,073.15
CAD
1 CAD = 0.732764 USD
1 USD = 1.36470 CAD

Thank you!

Thats actually why I do not have anything locked into any account that I can not access. (not that there has ever been much anyway)

Find something worth $50g for $20g- sure here is the cash.

I far prefer that to any risk that lenders bankers mortgage experts investors or day traders have told me is such a wonderful way of making my money work for them.

I'd wait until 70 cents anyway, even if you miss the absolute peak, you won't miss much. As weak as the US economy is, it's still bigger and stronger than the Canadian one with an arguably more business-oriented leadership. I still remember 65 cents and they never had a virus scare back then.

And when the markets appear to trough, you'll probably want to take some bear put spread positions in SDS in a US denominated account which will need US capital deposits, as they are net debit to open.

I am sorry- I read this every way but upside down, and I can not figure that out

https://www.moneysense.ca/magazine-a...y-u-s-dollars/

If link doesn't work, google norberts gambit.