Canadian Dollar

[TiminBC]

Travelling when our dollar was 60 cents, now that hurt. It does not stop me from doing so but it hurts

[shlomo]

Would have bought some Genios, possibly BRC during the current sale, but no chance with a 20% add on. Cigar purchases so far this year have been only some REs when the opportunity arose. So, I suppose the tanking dollar has been beneficial in a backhanded sort of way.

Travel plans for spring and or summer are very much affected as well.

[Pilsner14]

Very true. Any estimates on how far it could fall?

[JohnS]

Very true. Any estimates on how far it could fall?

I would say forecasts would be similar for the Australian dollar for the next 12 months, which analysts say would be US75c by the end of 2015. The truth is that no one knows what the CAD will be in 12 months. Forex trading is incredibly difficult, 95% of traders lose because there is a lot of short-term gains and losses along the way.

[Fuzz]

I would say forecasts would be similar for the Australian dollar for the next 12 months, which analysts say would be US75c by the end of 2015. The truth is that no one knows what the CAD will be in 12 months. Forex trading is incredibly difficult, 95% of traders lose because there is a lot of short-term gains and losses along the way.

Whaddya mean by the end of 2015? I'm expecting the AUD to tank to US70c by the end of March!

[Diamondog]

BOC will drop rates by another .25 on Mar 4, watch for it, watch it tank further! US will hold patience language tomorrow no change at least until June maybe even as late as Sept.

[JohnS]

Whaddya mean by the end of 2015? I'm expecting the AUD to tank to US70c by the end of March!

Oh definitely...that would probably be the case. I find financial institutions hedge their bets with forecasting so their estimates tend to be conservative.