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TORONTO 0 The Canadian dollar jumped above 79 cents US on Thursday -- its highest point since May 1993 -- fuelled by strong demand for Canada's exports.
The loonie closed up 0.51 of a cent at 79.26 cents US, after trading as high as 79.42 cents during the day.
The currency's surge is caused by weakness in the U.S. dollar and demand for Canadian exports, said George Davis, chief technical analyst for global foreign exchange at RBC Capital Markets.
Be careful, only 22 cents left and our dollar will be worth more. I'll be going on a shopping spree at newegg and other US sites. Thing is though the border taxes will probably make it just as expensive as it would be here. Whoever puts those taxes sucks. (It's probably us LOL)
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Red Squirrel wrote: Be careful, only 22 cents left and our dollar will be worth more. I'll be going on a shopping spree at newegg and other US sites. Thing is though the border taxes will probably make it just as expensive as it would be here. Whoever puts those taxes sucks. (It's probably us LOL)
And then we can freeload off of your economy for a while
Archived topic from Anythingforums, old topic ID:1106, old post ID:14127
sintekk wrote: I think both countries enforce border taxes to make sure you 'buy locally, support the economy, wah, wah, wah'
Yeah the US taxes our lumber, then we probably tax tech stuff that we don't have the technology to produce anyway. Or maybe the US taxes it to make sure we hardly get any products. LOL
What I don't get is that ATI is based in Canada, but yet prices are rediculous here compared to the US for video cards.
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Do you think that maybe it is American based, but for tax purposes they are located in Canada. There are loopholes that allow companies to be american, while locating a large portion of their companie somewhere else without paying the fees associated with nation to nation commerce (taxes).
Archived topic from Anythingforums, old topic ID:1106, old post ID:14145
The company has more than 2,200 employees across its headquarters in Markham, Ontario, and offices in the Americas, Europe and Asia. ATI has research and development facilities in California, Florida, Massachusetts, Ontario and Pennsylvania and manufactures its products in Canada and Taiwan. In 2003, ATI recorded revenues in excess of US $1.3 billion. Member of the NASDAQ 100, ATI common shares trade on NASDAQ (ATYT) and the Toronto Stock Exchange (ATY).
They have factories in Canadia and America, so I think they aren't trying to take advantage of a loophole
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A lot of time those companies specialize in certain areas that are most cost-effecient, it could be parts manufacturing in one and assembly in AMerica, that's how most do it. Again though, I have no idea about ATI.
Archived topic from Anythingforums, old topic ID:1106, old post ID:14149
Or maybe the US taxes it to make sure we hardly get any products. LOL