A couple of things come to mind.
1. Literally when the C$ hit bottom, Sheri Cooper, Chief Economist with the Bank of Montreal publicly stated that Canadians should adopt the US dollar and bite on the loss before the loonie hit 50 cents or worse.
Ba ha ha ha, what a genius.
But old Sheri wasn't alone, Garth Turner (another genius) said the same thing. And he's an MP now. Then again, he was also touting nortel as buy at 85 a share (or 850 in today's nortel world)
2. We are getting RIPPED off when it comes to big ticket purchases.
For example, Automobiles.
The 2007 version of my car is a full $11,000.00 cheaper in the USA.
If you happen to be in the market for a Z06 Corvette, you can save yourself a full 20 grand buying it in the USA.
Why is it that manufacturers are making like bandits on this?
As far as I am aware, the only big ticket item that has dropped in price is the Harley Davidson.
Other than that, the automanufactureres are RIPPING Canadians blind.
It's actually quite easy to buy a car in the US and bring it back to Canada. There are 5 states that have 0% sales tax, with New Hampshire being pretty darn close to Toronto.
If I was in the market for my car today (instead of when I bought it new in 2005) I'd be buying it from a New Hampshire dealer for sure.
11 grand is 11 grand.
I could get my head around 1 or 2 grand difference, but not 11.
Here is my car in Canda.....
http://www.infiniti.ca/en/models/bui...delCode=G4XG77
Here is my car in the USA, note even the freight is half as much.....
http://build.infiniti.com/configurat...g35&tr=_TE_AWD
What gives with that????