Did anybody noticed that the loonie equalled the greenbuck already? Yes, Matilda! The Canadian dollar hit parity with the US dollar for the first time in 31 years on Thursday and is expected to remain strong, delighting Canadians used to being mocked for their “northern peso.”
And talking about mockie mockie! Well, Americans always do that anyway. Remember one political ad where they erased the Canadian border? Remember that “some” Americans actually think that Canada is just another state of the US? Well, they better not do that no more! You know what I mean?
Now, do you remember when these two currencies were at par? It was in November 1976, the year Montreal hosted the Summer Olympics and Pierre Trudeau was prime minister.
But yeah, with the surging Canadian Dollar? Wow! Pretty soon, Americans would be swarming the Canadian border looking for some jobs out there! Would they start building walls on their border similar to the ones along the Mexican border?!
The dollar indeed took a beating once again!
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Euro broke through $1.41 this Friday
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Canadian dollar reached parity with the US dollar for the 1st time since 1976 on Thursday.
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The dollar slid to $2.0192 against the British pound from $2.0099 late Thursday.
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Though it rose slightly against the Japanese currency to 115.34 yen from 114.44 yen.
Meanwhile, the Feds lowered the interest to 4.75% and there are expectations that they will still lower the interest in the near future. What does this means to you? You should see some lower borrowing costs and a possible reduction in your monthly credit card payments, home equity and car loan payments.
Interestingly the European Central Bank is headed in the other direction with a clear bias towards increasing interest rates further. Guess what, they seem to be echoing the same complaints in the Philippines with their ever rising Euro currency!
The euro’s ascension drew renewed calls from French President Nicolas Sarkozy for the European Central Bank to follow the Federal Reserve and cut interest rates, which would help keep French exports competitive. Sounds family di ba?
But with the continued beating of the US Dollar, is it time to pack up and ahh… well… go home? Or head up to Canada?
This is what I think…
“Eiii! Luis! Que pasa! Vamos! Emilio! Vamos!!!”
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“Eiii! Luis! Que pasa! Vamos! Emilio! Vamos!!!”
LOL!!!
Kumusta na lang at maraming salamat pala. Oo nabasa ko.
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Maiba lang po ako, Inang. Remember yung boyfriend mong gwafung-gwafu na si Barolo Chianti Ballatore? Bertdey po ngayon ng anak mo sa kanya hehehe. Dun ko na lang po siya greet sa payong. 23rd na po kasi dito sa Pinas kasi midnight na eh. Birthday na niya hehehe.
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Ow really?! bea! I didn’t know! Matawagan nga mamya yong Italyanang anak ko! Nag-liliwaliw pa yon ata eh!
Hey Mike! I knew it!
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hmn, i wonder when is it going to be 1US$=1PhP? well, that’s just a dream and dreams are free so why should i not dream big?hehehe
French President Nicolas Sarkozy better do something about his country’s economy. Last year, France registered a slow growth rate, probably the slowest among the member nations of the European Union. France’s 8 per cent unemployment rate is already alarming to economists. E ano pa kaya kung yung unemployment rate ng Pilipinas ang pag-usapan?
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hehehe, opo, birthday niya. oo nga po, panay ang liwaliw nun. baka po may party siya at present yung Italian niyang tatay na si Barolo Chianti Ballatore hehehe.
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@bea,
di ba double-digit yong unemployment natin? hindi kasali yong mga tiga squatters hehehe kasi quadruple digits yon! hahaha!
i was reading the news, pinapalitan ko lang ang “France” nang “Philippines” ayun, tugma. although mayaman pa rin sila! hmpt!
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yep, it’s double digit. ganun katindi. sad to say, some of our kababayans have already turned to eating langaw (in Filipino na lang inang para hindi mabasa ng mga foreigners mong bisita at baka mandiri sila sa atin). nasa isang documentary show po yun ng GMA this week.
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naku di ko nga alam kung matutuwa ako o hindi e..nakakatuwa kasi ang laki ng padala sa pinas dahil sa pag taas ng canadian dollar …. kaya lang habang lumalaki ang palit sya namang pagbagsak ng piso
tsk tsk tsk tsk ..piso di na umangat tsk tsk tsk ulit…
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haaaaaaaayy!! bea, naku napanood ko yan kagabi sa gmanews.tv.. diring diri nga ako.. dahil talagang pinakita pa yung pagkain ng langaw..
I blogged it nga… pero tinago ko kasi nakakahiya…
http://chuvachienes.com/2007/09/22/if-you-have-a-weak-heart-do-not-watch-this-video/
Josko ano va yan>!
Anyway, Reynz, kailan tayo lilipat ng Montreal?? Pareho na rin pala presyo ng mga boylets dito at doon – - mas magaganda naman ang mga boylets dun di ba?
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a-what?! langaw?
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as in LANGAW – - – mas maganda nga raw kung BANGAW… ktd!!!
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di kayang tingnan chuva! galing ako sa bahay! that was unbelievable! grabe na talaga! bigla akong na-depress!!!
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Move to Canada?!?! No Thanks Reyna. Their tax rate is almost 50 percent. Although they do have universal healthcare. Although a lower dollar is bad for US travelers abroad, it’s great for our exports. Just look at Boeing and all the orders it’s received over their competitor Airbus. I just hope that it doesn’t become too weak that China and the Saudis decide to sell off their dollars and trade it for Euros.
Benefits vs. Costs. It’s good for the Philippines to have a higher currency since it would take less time for it to pay down the debt, but since it’s borrowing more and more anyway, I think that argument is moot. It really hurts the Filipino OFWs that send remittances in dollars. I say, buy the Euro, let it appreciate, then send it to Pinas.
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