Comments on: Canadian Dollar Finally Eclipses US Dollar http://btr.michaelkwan.com/2007/09/21/canadian-dollar-finally-eclipses-us-dollar/ Freelance Writing, Personal Development, and Making Money with Freelance Writer Michael Kwan Wed, 08 Feb 2012 16:38:52 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: How to Open a US Bank Account as a Canadian Citizen || Beyond the Rhetoric || http://btr.michaelkwan.com/2007/09/21/canadian-dollar-finally-eclipses-us-dollar/#comment-23924 How to Open a US Bank Account as a Canadian Citizen || Beyond the Rhetoric || Sat, 06 Oct 2007 23:37:42 +0000 http://btr.michaelkwan.com/2007/09/21/canadian-dollar-finally-eclipses-us-dollar.aspx#comment-23924 [...] get dinged with a ~3% exchange fee and that’s on top of the US-Canada exchange rate. With the currency parity, the Canadian dollars I’d receive would be less that their stated value in US [...] [...] get dinged with a ~3% exchange fee and that’s on top of the US-Canada exchange rate. With the currency parity, the Canadian dollars I’d receive would be less that their stated value in US [...]

]]> By: Bloggers Form Union, Go On a Gospel Mission || Beyond the Rhetoric || http://btr.michaelkwan.com/2007/09/21/canadian-dollar-finally-eclipses-us-dollar/#comment-23337 Bloggers Form Union, Go On a Gospel Mission || Beyond the Rhetoric || Wed, 03 Oct 2007 17:18:32 +0000 http://btr.michaelkwan.com/2007/09/21/canadian-dollar-finally-eclipses-us-dollar.aspx#comment-23337 [...] hard keeping up with the lifestyle when you eat $60 hamburgers on a regular basis. Now that the Canadian dollar is at par with the US greenback, our Adsense cheques have effectively shriveled up several percentage points [...] [...] hard keeping up with the lifestyle when you eat $60 hamburgers on a regular basis. Now that the Canadian dollar is at par with the US greenback, our Adsense cheques have effectively shriveled up several percentage points [...]

]]> By: Michael Kwan http://btr.michaelkwan.com/2007/09/21/canadian-dollar-finally-eclipses-us-dollar/#comment-21281 Michael Kwan Sun, 23 Sep 2007 23:43:34 +0000 http://btr.michaelkwan.com/2007/09/21/canadian-dollar-finally-eclipses-us-dollar.aspx#comment-21281 You're wrong, Matt. I am still losing money and the reason is that I am living in Canada. If I were living in the States, then the lower exchange rate would make less of a difference to me. The reason is that most things that I have to pay for are in Canadian. When I go for lunch, buy clothes, pay my cell phone bills, etc., I pay in Canadian. In this way, if I earned $100 from an American client who paid via Paypal, I would have received $114 Canadian if I cashed it out last year. The same $100 today is worth $98 Canadian. That $16 is very much real. By contrast, if I lived in the US, I could continue to purchase <em>everything</em> in US dollars. You’re wrong, Matt. I am still losing money and the reason is that I am living in Canada. If I were living in the States, then the lower exchange rate would make less of a difference to me.

The reason is that most things that I have to pay for are in Canadian. When I go for lunch, buy clothes, pay my cell phone bills, etc., I pay in Canadian.

In this way, if I earned $100 from an American client who paid via Paypal, I would have received $114 Canadian if I cashed it out last year. The same $100 today is worth $98 Canadian. That $16 is very much real. By contrast, if I lived in the US, I could continue to purchase everything in US dollars.

]]> By: Matt http://btr.michaelkwan.com/2007/09/21/canadian-dollar-finally-eclipses-us-dollar/#comment-21155 Matt Sun, 23 Sep 2007 05:23:59 +0000 http://btr.michaelkwan.com/2007/09/21/canadian-dollar-finally-eclipses-us-dollar.aspx#comment-21155 I'd rather buy in Canada, and not the US. But you can't compare some things. Domains, for example. In the US, at GoDaddy, you can get a .com for about $9. In Canada, a .com is anywhere from around $10-20. You can't compare somethings. Yes, I know it's only a couple of dollars of difference usually, but when you don't have a job and you're in high school, saving a couple of dollars is a good thing... You're not losing any money. Lets say you made exactly $20 USD from Adsense. That's still $20 USD no matter what the exchange rate is. No matter if you exchange it for CAD when the exchange rate is 0.99 or 0.50, it's still $20 USD. You haven't lost anything. Understand? I’d rather buy in Canada, and not the US. But you can’t compare some things. Domains, for example. In the US, at GoDaddy, you can get a .com for about $9. In Canada, a .com is anywhere from around $10-20. You can’t compare somethings. Yes, I know it’s only a couple of dollars of difference usually, but when you don’t have a job and you’re in high school, saving a couple of dollars is a good thing…

You’re not losing any money. Lets say you made exactly $20 USD from Adsense. That’s still $20 USD no matter what the exchange rate is. No matter if you exchange it for CAD when the exchange rate is 0.99 or 0.50, it’s still $20 USD. You haven’t lost anything. Understand?

]]> By: Michael Kwan http://btr.michaelkwan.com/2007/09/21/canadian-dollar-finally-eclipses-us-dollar/#comment-21094 Michael Kwan Sat, 22 Sep 2007 21:34:13 +0000 http://btr.michaelkwan.com/2007/09/21/canadian-dollar-finally-eclipses-us-dollar.aspx#comment-21094 I want to complain. You have to start thinking about the bigger picture. With the exchange rate being what it is, you're correct that you want to buy more stuff in the US. What does this really mean, though? It means that you're <em>not</em> spending that money in Canada and the Canadian economy suffers. Also consider it from a tourism standpoint: American tourists are less likely to visit Canadian destinations. The trickle-down effect is huge. See, this is a much bigger issue than just me and John (and everyone earning money online) losing income. I want to complain. You have to start thinking about the bigger picture. With the exchange rate being what it is, you’re correct that you want to buy more stuff in the US. What does this really mean, though? It means that you’re not spending that money in Canada and the Canadian economy suffers. Also consider it from a tourism standpoint: American tourists are less likely to visit Canadian destinations. The trickle-down effect is huge.

See, this is a much bigger issue than just me and John (and everyone earning money online) losing income.

]]> By: Matt http://btr.michaelkwan.com/2007/09/21/canadian-dollar-finally-eclipses-us-dollar/#comment-21079 Matt Sat, 22 Sep 2007 19:58:43 +0000 http://btr.michaelkwan.com/2007/09/21/canadian-dollar-finally-eclipses-us-dollar.aspx#comment-21079 I sure hope you're not going to start complaining about the exchange rate like John Chow... This news is sweet! I hope the Canadian dollar keeps rising. It'll sure make buying stuff in US dollars a lot cheaper (like domains). It's too bad I didn't pay in USD when I signed up for BlueFur, I'd be saving money... I sure hope you’re not going to start complaining about the exchange rate like John Chow…

This news is sweet! I hope the Canadian dollar keeps rising. It’ll sure make buying stuff in US dollars a lot cheaper (like domains). It’s too bad I didn’t pay in USD when I signed up for BlueFur, I’d be saving money…

]]> By: TheFunnyTv.com http://btr.michaelkwan.com/2007/09/21/canadian-dollar-finally-eclipses-us-dollar/#comment-21063 TheFunnyTv.com Sat, 22 Sep 2007 17:55:58 +0000 http://btr.michaelkwan.com/2007/09/21/canadian-dollar-finally-eclipses-us-dollar.aspx#comment-21063 time to buy some stuff on ebay lol time to buy some stuff on ebay lol

]]> By: Etienne Teo http://btr.michaelkwan.com/2007/09/21/canadian-dollar-finally-eclipses-us-dollar/#comment-20908 Etienne Teo Sat, 22 Sep 2007 03:50:38 +0000 http://btr.michaelkwan.com/2007/09/21/canadian-dollar-finally-eclipses-us-dollar.aspx#comment-20908 Paypal is never accurate, but it is good to see that the canadian dollars goes higher than the US dollar! Paypal is never accurate, but it is good to see that the canadian dollars goes higher than the US dollar!

]]> By: Leo http://btr.michaelkwan.com/2007/09/21/canadian-dollar-finally-eclipses-us-dollar/#comment-20875 Leo Sat, 22 Sep 2007 00:50:07 +0000 http://btr.michaelkwan.com/2007/09/21/canadian-dollar-finally-eclipses-us-dollar.aspx#comment-20875 Oh darn, I totally forgot about my Paypal balance. I guess I should have cashed it a while ago :( Oh darn, I totally forgot about my Paypal balance. I guess I should have cashed it a while ago :(

]]> By: Gdog http://btr.michaelkwan.com/2007/09/21/canadian-dollar-finally-eclipses-us-dollar/#comment-20849 Gdog Fri, 21 Sep 2007 22:25:36 +0000 http://btr.michaelkwan.com/2007/09/21/canadian-dollar-finally-eclipses-us-dollar.aspx#comment-20849 This is absolutely crazy...I would never have thought that. You know what this means? iPhone time baby!! :) This is absolutely crazy…I would never have thought that. You know what this means? iPhone time baby!! :)

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