'Canadian dollar could drop to 65 cents US in 2017'

[momcqueen]

Good news for exporters, bad news for importers.

http://www.cbc.ca/beta/news/business/dollar-loonie-prediction-1.3909519

Canadian dollar could drop to 65 cents US in 2017, Macquarie forecasts -

Business - CBC News

After a rough 2016, a currency prognosticator at a major investment bank says he expects more pain for the Canadian dollar next year, predicting a low of around 65 cents US in the next 12 months.

David Doyle of Macquarie Capital Markets Canada Ltd. says two major factors are going to conspire to drag the loonie almost 10 cents lower than its current level of around 74 cents US over the next year: interest rates and the price of oil.....

For more, click the link above. 

[silverpinups]

It's time to jump aboard the eBay.com train and start listing in USD.

[momcqueen]

Nah. Listing on eBay.ca in CAD means I can include domestic postage for free and still be competitive internationally with a low CAD value. Best of both worlds.

[ypdc_dennis]

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@silverpinups wrote:

It's time to jump aboard the eBay.com train and start listing in USD.

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A silly reason to list in US$

One lists in US$ if it is good for one's business, not because of an economic guess of what the exchange rate will do.

...

Historical data points:

* low value for the CA$ vs US$ in 2016 was 68 cents (January 20)

* high value for the CA$ vs US$ in 2016 was 80 cents (April 29)

* all time low was 61 cents in January 2002

-.--

[silverpinups]

Yes, I know... lol! I was just looking for a reaction to my statement and both of your answers were good. 

Happy Holidays.

[cumos55]

The Canadian dollar was very close to this number at the beginning of 2003.

At 65 cents... it is at $1.54 Canadian equal to $1.00 US

[momcqueen]

So much the better reason to shop Canadian. Yikes.