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Does not make to much sense when our dollar currently cost $1.22 compared to the American dollar. All my mod plans are on hold until the Canadian dollar reaches parity.
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Originally Posted by Ray Spencer
(Post 197833)
Does not make to much sense when our dollar currently cost $1.22 compared to the American dollar. All my mod plans are on hold until the Canadian dollar reaches parity.
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Here's an idea. Set up a US Savings account at your bank and take the opportunity to throw a few bucks every week into it when the dollar is high. Three-fold purpose, it's not such a shock to convert a large amount at once, you take advantage of a stronger dollar, and if the dollar drops, you get a nice return on your investment. Not to mention gradual savings for the mod budget. Had one set up myself for the odd shopping trip across the border, currently sits worth 15% or so more than when I bought it, should I choose to convert back to Canadian. Thank you for using AP Financial Services.
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Originally Posted by Apocalypse Pony
(Post 197841)
Here's an idea. Set up a US Savings account at your bank and take the opportunity to throw a few bucks every week into it when the dollar is high. Three-fold purpose, it's not such a shock to convert a large amount at once, you take advantage of a stronger dollar, and if the dollar drops, you get a nice return on your investment. Not to mention gradual savings for the mod budget. Had one set up myself for the odd shopping trip across the border, currently sits worth 15% or so more than when I bought it, should I choose to convert back to Canadian. Thank you for using AP Financial Services.
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There's another option, that's awesome that your work offers company stock and picks up the tab to boot.
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The way our dollar looks and the future is looking oughbleak, US purchases may be tough.
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