Well the Loonie's brief foray onto the wild side appears to have been short lived. According to XE.com (at the time I'm writing this) the Greenback is now trading at 1.00096 against the Cdn. dollar.
Of course, it might be a while before we actually realize a par dollar (because of the actual exchange profits the bank or PayPal make) but it is kinda symbolic and a positive in what is otherwise a somewhat sluggish holiday selling season. The higher Loonie certainly has had an impact on my US sales this season while my domestic sales have risen.
Of course, it might be a while before we actually realize a par dollar (because of the actual exchange profits the bank or PayPal make) but it is kinda symbolic and a positive in what is otherwise a somewhat sluggish holiday selling season. The higher Loonie certainly has had an impact on my US sales this season while my domestic sales have risen.
Bill
treasure-pot
Co-Author of
LOL @ Moez. I laughed at that too or the ones who thought because the dollar was suddenly worth more they could walk into US stores and have them take our dollar. umm.....not quite!
LOL Most stores in the US and Canada are not equipped to accept multiple currencies. Even places like Walmart or your average grocery store yet these guys felt they could walk in and plunk down Canadian money and it should be accepted. Makes you wonder sometimes.....
The only places I know of that accept foreign currencie on both sides of the border are toursist places because they get tourists. Like Niagara Falls museums, CN Tower and stuff like that. Certainly not your local grocery or department store. sheesh
LOL Most stores in the US and Canada are not equipped to accept multiple currencies. Even places like Walmart or your average grocery store yet these guys felt they could walk in and plunk down Canadian money and it should be accepted. Makes you wonder sometimes.....
The only places I know of that accept foreign currencie on both sides of the border are toursist places because they get tourists. Like Niagara Falls museums, CN Tower and stuff like that. Certainly not your local grocery or department store. sheesh
I frequent Niagara Falls/Buffalo. It depends on how far in you go. Once you get past the Falls area into the non-tourist parts of the area, they don't take Canadian. Even the Walden Galleria which is where a lot of Canadians shop don't take our money. At least none of the stores I go to do. Sephora or Apple or Bath & Beauty, Cheesecake Factory etc...they won't touch it.
I've seen some restaurants, hotels and tourist spots like museums, attractions etc take them but you can't walk into a 7-11 or Best Buy in Tonawanda and hand over Canadian money. They'll look at you like you have 8 heads. Heck even places near the Seneca Niagara Casino won't take Canadian money.
I've seen some restaurants, hotels and tourist spots like museums, attractions etc take them but you can't walk into a 7-11 or Best Buy in Tonawanda and hand over Canadian money. They'll look at you like you have 8 heads. Heck even places near the Seneca Niagara Casino won't take Canadian money.
