Canadian curriency exchange

[Whitmore]

Was just currious about the curriency exchange rate and how it related to the value of a buck in Canada vs. the USA. To put it simple would it be of any value to retire in Canada with the money I made here in the USA ? Kevin

 

[The patriot]

I know someone that did that, but in Mexico.

I think your every day things (food fuel etc) would be comparable to here in the US. Not enough savings to justify it... ... . IMO

Eric

 

[Whitmore]

Where 's all the Canadians... ... ... EH ? So how much of my cash does it take to buy a dollar in Canada???? 78 cents or what ?EH????????????????????? and do they charge me anything to exchange ????????????Kevin

 

[JHansen]

Closer to 65 cents Kevin last time I looked... ... . As for charges for exchange, that's something I'm not sure about... .



Jason

 

[Whitmore]

So, if I took my$ 800,000. oo retirment nestegg and cashed it in for Canadian curriency I would gain 35 % ???

Looks like to me a better deal than anything else I have come across in a while

 

[Joe G.]

Whitmore,



The numbers don't mean a whole lot. It's how much the money will buy. If something costs $. 65 US and $1. 00 CN then what have you gained by exchanging your money?

 

[Whitmore]

I guess if I exchanged I could say I have a million bucks



The reason I ask this is we just had a couple Canadians at our job for some consulting and they think it woulod be a gain to do this. They think the dollar goes further in Canada??? Not neccesarily further but they think a buck is comparible or very close ?



another question would be what would be the complications or gain/loss on taxes ?????

 

[otis]

You would have to be way ahead ,your dollar is worth so much more, although are dollar has gained a little ground in the last month or so (7cents) I'm sure it would be still worth it.

 

[drawson]

Here is a great sight to help you out with exchange rate between countries.

http://www.xe.com/ucc/

 

[Whitmore]

Cool site Drawson

Looks like 1000 USA dollars will convert to 1527 so if I converted a 800 k nest egg it would be a cool 1. 2 mil... ... ..... I could live with that Kevin

 

[carson6]

6for 10

6 u. s. will get you 10 canadian's... even @ the peeler bar's. . :--)