Jul 26
Time to sharpen your pencils! Dollar over 92 cents U.S.
We would like to take this opportunity to thank all our members and supporters for their input,help, and continued support over the last several months.
As our dollar edges towards parity many Canadians burnt by the last economic downturn are now wisely sharpening their pencils! And so they should.
But beware…currently our Government, the Canadian Car Companies and their lobbyists in Ottawa are working on a program to really fleece you out of your hard earned dollars. Now that the Govt owns part of GM and Chrysler do you think it will be in their best interest to allow you to purchase your vehicle in the U.S?
According to the Canadian Govt this week, our recession is over! ( and Edward Jones has some land for sale in Florida…. )
The article went on to state that the only thing that could kill the comeback is the Canadian Dollar shooting up to par. As the story goes the this would just kill our export business. As we know we can’t compete with the U.S. on a level playing field, so our Govt continues to screw the Canadian Consumer and maintain policies that keep our dollar low. They continue to adopt laws to favor the multinational companies. Right now the boys in Ottawa are trying to figure out a way to kill the dollar and make it go back down.
We would like to hear from you. Are you planning to venture south and save thousands of dollars on a new or used vehicle. Are you waiting for parity? What are some of the good deals Canadians can expect?
Has the RIV become more user friendly? or does it still pander to the car companies?
We have posted the latest RIV listing issued 2009-07-17.
http://www.carswithoutborders.com/resources/riv-lists/
Some smart U.S. dealers have been calling recently. Activity is picking up.
July 31st, 2009 at 12:16 pm
Once parity is reached, I will be opening a US bank account in Buffalo and depositing my money there. Then when the time comes for a car, it won’t matter what the Canadian dollar is at it will be a par.
August 1st, 2009 at 12:01 pm
Smart Idea! Were you aware that the Canadian Govt passed legislation last year in order to allow Canadians to hold U.S. dollars in their RRSP/RRIF accounts. Most Canadian Banks though refuse to make the necessary changes to their software to allow this. So they continue to rip off Canadians charging outrageous fees, especially for those that trade on the DOW or Nasdaq out of their RRSP/RRIF acccounts…
Yes we have very strong banks in Canada and we know whose backs and wallets are behind them…. you and I…. the Hard working gettting fleeced Canadian.