Does the falling Canadian dollar change anything for you.

[henrysmedford]

Does the falling Canadian dollar change anything for you. I see were the Canadian dollar weakened past C$1.06 per U.S. dollar for the first time since October 2011. We buy Canadian change from the coin shop at a .8 of face. Is anyone still buying at a .9. Also I would thing the PM would cost more in Canadian dollars than before. I would think a US made car would cost more but BC lumber would cost less in the US. Any thoughts.

[JerrySpringer]

Does this mean a Canadian dollar requires more US dollars to purchase? That would explain why people are paying some percentage over face for Canadian coinage on Ebay. And we are talking about common post 1987 Loonies and post 1968 coins, no silver. If it should take less US dollars now to buy Canadian dollars, then I am at a loss why Canadian money is going for a premium on Ebay.

[Know Common Cents]

This is really nothing compared to the dramatic drops of the mid-1990s with the CDN $ vs US $. (I wish I could remember the years exactly, but I was really pleased to get about $1.56 CDN for every US buck I wanted to exchange. It was like everything was on sale. Bought a great set of luggage for my wife, Christmas gifts for everyone on the planet, some framed art and ate like a king on the cheap. That was a time, too, when the PST and GST were more generously refunded at the border without the high spending threshold.)

I, too, purchase CDN currency and coin of the realm. I pay $0.72 US for every CDN $1 face. For the currency, I pay $0.80 US per dollar. I've been able to purchase many of the 1954 series notes (including some of the devil's head ones) as well as some series 1937 at these prices. I get the occasional replacement note, too, which goes immediately into my collection.

With the cast-off currency and common circulating coins, I make a trip to Ontario at least 2X per year. I have an account at the Royal Bank of Canada (balance $17 CDN), but they let me bring in any amount of rolled coin I feel like as well as damaged currency. To the credit of the tellers at the RBC, they referred me to a local pawn shop for the mediocre series 1954 bills and was pleased to get $2-4 CDN for those (paid in CDN cash by the pawn shop...I have an active account there, too BTW).

Again, this drop is nothing. The US$ and the CDN$ are almost always on a see-saw. Just buy when the opportunities present themselves and smile.

KCC

[Bluegill]

Does the falling Canadian dollar change anything for you.

Not at all. unless it is Ag or a numi piece, I have no desire to own Cdn currency or coin. The Cdn dollar is a doomed fiat currency, just like every other fiat currency out there.

[frugalcanuck]

No big deal for us Canucks as well... My province is wishing for it to go lower to help boost the manufacturing sector. Makes no difference for shopping as well... Everything is still cheaper in the states.

If you look at our car prices and communication prices you will start to question if we live in a capitalist society. Capitalism is supposed to breed competition but in Canada every sector has only two or three players.

It took me 20 minutes last week to find a sports store that sells soccer shoes that wasn't Sports Check or Sports Experts. 20 minutes isn't long but I am sure most people wont look that hard.

[henrysmedford]

looks like it keeps dropping.

[Morsecode]

It makes Canadian land all that more attractive, at a 12% discount in US dollars. But nowhere near the historic spreads of 20 years ago.