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Old 01-27-2015, 10:16 PM   #11
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When I search the Canadian/US exhange rate I search Dollar/ Loonie. Is that wrong?
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Old 01-27-2015, 10:23 PM   #12
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When I search the Canadian/US exhange rate I search Dollar/ Loonie. Is that wrong?
No. The Canadian Royal Mint even secured the copyright for the name.
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Old 01-27-2015, 11:32 PM   #13
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So, if I read the original description correctly, the finance company wanted the owner to have 20% equity (20% of USD$310000), and didn't notice that due to a falling cost (due to the changing exchange rate) the owner now has closer to 10% equity. They're not too bright, are they?
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Old 01-27-2015, 11:46 PM   #14
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Well if Exchange rate stays in favor of the US dollar this summer it will make a good time for us Americans to visit are northern neighbor. I grew up in St. Clair Michigan which is just across the St. Clair river from Canada. I have many fond memories of camping in Canada with my parents when we where young.
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Old 01-27-2015, 11:57 PM   #15
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How much is gas there? Checked Nelson on Gas Buddy and it said $99.99/litre. So is that $3.79/ US gallon?
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Old 01-28-2015, 12:16 AM   #16
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How much is gas there? Checked Nelson on Gas Buddy and it said $99.99/litre. So is that $3.79/ US gallon?
Probably, but you just drive across the border and fill up for less, like many Canadians, who can't seem to figure out that sitting in a border line-up, idling, isn't profitable.
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Old 01-28-2015, 12:44 AM   #17
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Here you go:

The history of the dollar is a story involving many countries in different continents. The word dollar is much older than the American unit of currency. It is an Anglicised form of "thaler", (pronounced taler, with a long "a"), the name given to coins first minted in 1519 from locally mined silver in Joachimsthal in Bohemia. (Today the town of Joachimsthal lies within the borders of the Czech republic and its Czech name is Jáchymov). Thaler is a shortened form of the term by which the coin was originally known - Joachimsthaler.
Later on the English version of the name (dollar) was also applied to similar coins, not only ones minted in central Europe but also the Spanish peso and the Portuguese eight-real piece. Both these large silver coins were practically identical in weight and fineness. Today we are familiar with the phrase pieces of eight from tales of pirates in the Caribbean.
Those coins, particularly the Spanish peso or dollar circulated widely in Britain's North American colonies because of a shortage of official British coins. That is why, after the United States gained its independence the new nation chose "dollar" as the name of its currency instead of keeping the pound.

So, it would appear, we had it first.


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Old 01-28-2015, 01:20 AM   #18
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Yeah I just realized its a Dollar there too...lol
I hear there is talk of renaming our monetary denomination a peso, if it keeps dropping in value.
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Old 01-28-2015, 06:47 AM   #19
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So, if I read the original description correctly, the finance company wanted the owner to have 20% equity (20% of USD$310000), and didn't notice that due to a falling cost (due to the changing exchange rate) the owner now has closer to 10% equity. They're not too bright, are they?
Correct. I guess from their perspective though, the price was set in stone when ETI provided them the BOS in USD. As far as I'm concerned, I have 20% equity - and I'm sticking to my story! Never mind that I'll really use the 'extra' money (savings) to pay the sales tax. Shhhhh....
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Old 01-28-2015, 07:01 AM   #20
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Post of the month.
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