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Originally Posted by RazM
Yeah, the high Canadian dollar isn't as good as *some* think. You can't expect dealerships, who purchased vehicles at the old exchange rate, to drop prices to a point where they won't have a profit margin. It won't happen. The only benefit the high CAN dollar has is on cross border purchases, but you're gonna get royally screwed at home.
The dollar inflation situation is becoming really dangerous. A large portion of our population is employed through companies that deal with the US. Why should those US companies continue to contract out work to Canada when it's more expensive than simply dealing with their own? On top of that, add the hassle of cross border BS and it's just a losing situation.
I heard on the radio folks who no longer deal with local stores to purchase items, they just go accross the border and get what they need. Yeah, this is GREAT for the Canadian economy!
The government has to step in one way or another, this dollar won't last long as it is, it can't.
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Even Canadian made products are 40% cheaper in the US than buying it in Canada.
A fully loaded BMW is around $70K Canadian here in Canada where the EXACT vehicle is $37K US in America.
Oh the US know exactly what they're doing. That's why they're not sweating the temporary US dollar fluctuation.