The Loonie is Looking Good Against U.S. $$$

Lon · Post by **Lon** » Sat Oct 17, 2009 5:52 pm

The Canadian currency, nicknamed the loonie for the aquatic bird on the C$1 coin, appreciated 0.5 percent to C$1.0370 per U.S. dollar yesterday in Toronto, from C$1.0422 on Oct. 9. One Canadian dollar buys 96.44 U.S. cents. The currency climbed to $1.0207 on Oct. 15, the strongest level since July 29, 2008. The loonie and the U.S. dollar last traded on a one-for-one basis on July 22, 2008.

The Oz $ is looking good too. Matter of fact all foreign currencies are looking good against the U.S. dollar. Any currency traders on FG? Bet on your own countries $ against the U.S. Dollar over the next two to three years and you can make a buck or two.

mrsK · Post by **mrsK** » Sat Oct 17, 2009 6:14 pm

Lon;1253222 wrote: The Canadian currency, nicknamed the loonie for the aquatic bird on the C$1 coin, appreciated 0.5 percent to C$1.0370 per U.S. dollar yesterday in Toronto, from C$1.0422 on Oct. 9. One Canadian dollar buys 96.44 U.S. cents. The currency climbed to $1.0207 on Oct. 15, the strongest level since July 29, 2008. The loonie and the U.S. dollar last traded on a one-for-one basis on July 22, 2008.

The Oz $ is looking good too. Matter of fact all foreign currencies are looking good against the U.S. dollar. Any currency traders on FG? Bet on your own countries $ against the U.S. Dollar over the next two to three years and you can make a buck or two.

Having a bit of a play Lon,not much just a little flutter.

I am waiting for the next crash though.

AussiePam · Post by **AussiePam** » Sat Oct 17, 2009 11:22 pm

Yep, it's a good time for Aussies to visit the US of A.

Odie · Post by **Odie** » Sun Oct 18, 2009 8:16 pm

Lon;1253222 wrote: The Canadian currency, nicknamed the loonie for the aquatic bird on the C$1 coin, appreciated 0.5 percent to C$1.0370 per U.S. dollar yesterday in Toronto, from C$1.0422 on Oct. 9. One Canadian dollar buys 96.44 U.S. cents. The currency climbed to $1.0207 on Oct. 15, the strongest level since July 29, 2008. The loonie and the U.S. dollar last traded on a one-for-one basis on July 22, 2008.

The Oz $ is looking good too. Matter of fact all foreign currencies are looking good against the U.S. dollar. Any currency traders on FG? Bet on your own countries $ against the U.S. Dollar over the next two to three years and you can make a buck or two.

-those damn loonies and toonies are extremely heavy to carry around...why they took away the dollar and two dollar bill out is beyond me...just more waste of money.:rolleyes::-5:-5

and our looney that looks so good now......won`t be for long.

Richard Bell · Post by **Richard Bell** » Sun Oct 18, 2009 9:09 pm

Odie;1253622 wrote: -those damn loonies and toonies are extremely heavy to carry around...why they took away the dollar and two dollar bill out is beyond me...just more waste of money.:rolleyes::-5:-5

and our looney that looks so good now......won`t be for long.

Actually, the one dollar and two dollar bill had a lifespan measured in months. I have a loonie in my pocket dated 1987, and though it's no longer shiny and pretty, it's perfectly fine.

Switching to loonies and toonies* that last for decades saves a lot of money.

The longer term outlook for the value of the Loonie is quite optimistic, as we have a stable banking system and lots of oil and metals.

*Toonie: a two dollar Canadian coin that features a portrait of Queen Elizabeth II with a "bear behind"

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qsducks · Post by **qsducks** » Sun Oct 18, 2009 9:56 pm

Richard Bell;1253624 wrote: Actually, the one dollar and two dollar bill had a lifespan measured in months. I have a loonie in my pocket dated 1987, and though it's no longer shiny and pretty, it's perfectly fine.

Switching to loonies and toonies* that last for decades saves a lot of money.

The longer term outlook for the Loonie is quite optimistic, as we have a stable banking system and lots of oil and metals.

*Toonie: a two dollar Canadian coin that features a portrait of Queen Elizabeth II with a bear behind :

And then you have to remember how much the U.S. spends on making dollar bills every year & worrying about conterfeiting, etc. Was in Ireland over the summer, thought the coins were way more efficient and easier to handle.

Odie · Post by **Odie** » Mon Oct 19, 2009 6:21 am

Richard Bell;1253624 wrote: Actually, the one dollar and two dollar bill had a lifespan measured in months. I have a loonie in my pocket dated 1987, and though it's no longer shiny and pretty, it's perfectly fine.

Switching to loonies and toonies* that last for decades saves a lot of money.

The longer term outlook for the Loonie is quite optimistic, as we have a stable banking system and lots of oil and metals.

*Toonie: a two dollar Canadian coin that features a portrait of Queen Elizabeth II with a bear behind :

I would say at least 80% of the paper bills had a lifespan of well over 10 years. I've had ones given to me that were years old.

These new coins are extremely heavy to carry around and quite annoying.

- and why do we need the queen on the toonie?

We live in Canada, we should have Canadian artifacts on these.

minks · Post by **minks** » Mon Oct 19, 2009 7:17 am

Lon;1253222 wrote: The Canadian currency, nicknamed the loonie for the aquatic bird on the C$1 coin, appreciated 0.5 percent to C$1.0370 per U.S. dollar yesterday in Toronto, from C$1.0422 on Oct. 9. One Canadian dollar buys 96.44 U.S. cents. The currency climbed to $1.0207 on Oct. 15, the strongest level since July 29, 2008. The loonie and the U.S. dollar last traded on a one-for-one basis on July 22, 2008.

The Oz $ is looking good too. Matter of fact all foreign currencies are looking good against the U.S. dollar. Any currency traders on FG? Bet on your own countries $ against the U.S. Dollar over the next two to three years and you can make a buck or two.

It is almost foreign to us but good.

mikeinie · Post by **mikeinie** » Mon Oct 19, 2009 9:24 am

Like Canada, the Euro is in coins up to the â‚¬5.00 which is when the paper starts.

The back of the Ireland Euro coin:

The Euro is doing very well and they are saying it could go to be on par with the British Pound. Irish people are heading over the border to Northern Ireland by the hundreds to do their shopping and the currency is making it much cheaper there than here.

Odie · Post by **Odie** » Mon Oct 19, 2009 10:04 am

mikeinie;1253721 wrote: Like Canada, the Euro is in coins up to the â‚¬5.00 which is when the paper starts.

The back of the Ireland Euro coin:

The Euro is doing very well and they are saying it could go to be on par with the British Pound. Irish people are heading over the border to Northern Ireland by the hundreds to do their shopping and the currency is making it much cheaper there than here.

are they as heavy as ours Mike?

minks · Post by **minks** » Mon Oct 19, 2009 10:27 am

Odie;1253740 wrote: are they as heavy as ours Mike?

They are about the same Odie, we carried a handful around with us while in Italy I liked the similarities to our toonies

I brought a couple home as keepsakes.

Richard Bell · Post by **Richard Bell** » Mon Oct 19, 2009 11:12 am

Odie;1253674 wrote: I would say at least 80% of the paper bills had a lifespan of well over 10 years. I've had ones given to me that were years old.

These new coins are extremely heavy to carry around and quite annoying.

- and why do we need the queen on the toonie?

We live in Canada, we should have Canadian artifacts on these.

According to the sites I Googled, a US one dollar bill has a life span of 18 to 22 months, and 45% of the paper currency printed in the US each year are one dollar bills.

This site CET - ESL Activities Online - Canadian Corner claims the old Canadian one dollar bill had an even shorter life span :

The introduction of the "loonie" into general use was the first major change to the Canadian coinage system in over 50 years. It was designed to replace the country's supply of one-dollar bills, which was costing the Government of Canada over $16.6 million to replace each year. The thin paper dollars had only a one-year life span, while the coins are each expected to last as long as twenty years.

Loonies/Toonies/Euro coins make sense, as they last for decades. They are also much more practical for vending machines, parking meters, etc.

Odie;1253674 wrote: - and why do we need the queen on the toonie?

We live in Canada, we should have Canadian artifacts on these.

Agreed. A foreign pontentate does not belong on our currency or postage stamps.

Odie · Post by **Odie** » Mon Oct 19, 2009 11:52 am

Richard Bell;1253790 wrote: According to the sites I Googled, a US one dollar bill has a life span of 18 to 22 months, and 45% of the paper currency printed in the US each year are one dollar bills.

This site CET - ESL Activities Online - Canadian Corner claims the old Canadian one dollar bill had an even shorter life span :

Loonies/Toonies/Euro coins make sense, as they last for decades. They are also much more practical for vending machines, parking meters, etc.

Agreed. A foreign pontentate does not belong on our currency or postage stamps.

huh.......had no idea the bills had such a short life span....pity.

agreed on our stamps as well.

I often wonder who's ideas these were for Canadians?:rolleyes:

Odie · Post by **Odie** » Mon Oct 19, 2009 11:53 am

minks;1253762 wrote: They are about the same Odie, we carried a handful around with us while in Italy I liked the similarities to our toonies

I brought a couple home as keepsakes.

nice keepsakes Minks!:guitarist:guitarist

I just find them very heavy and annoying...

mikeinie · Post by **mikeinie** » Tue Oct 20, 2009 7:46 am

Odie;1253740 wrote: are they as heavy as ours Mike?

Good question, not too sure. If I was to guess I would say your's is a bit heavier.

Lon · Post by **Lon** » Tue Oct 20, 2009 8:04 am

New Zealand implemented a one and two dollar coin in 1991. They do weigh up.

Odie · Post by **Odie** » Tue Oct 20, 2009 9:07 am

mikeinie;1254024 wrote: Good question, not too sure. If I was to guess I would say your's is a bit heavier.

You didn't bring back one from Toronto this summer for a keepsake?:sneaky:

OMG.......clicked on your sigy!:yh_rotfl:yh_rotfl:yh_rotfl

I want that!:sneaky::yh_rotfl:yh_rotfl