No Better Time to Do Trade in the United States
Having just spent 7 weeks in Hawaii, I can tell you that American goods and services have never been more affordable for Canadians.
Look at what a Miami realtor is saying about Canadians investing there:
…says the amount of business he's doing with Canadian clients is up about 20 per cent over the past six months.
"There's always a number of factors that influence the spurts in business that we see – interest rates, property taxes. Currency has definitely had a substantial impact on Miami real estate," said Mr. Zilbert, the 43-year-old president of Zilbert Realty Group. Via Report on Business
Back in 2000/2001 I remember getting $1.58 CDN per U.S. Dollar. Which is great when you are living in Canada, not so great when buying U.S. goods and services.
I was surprised at being able to get a U.S. dollar for just $1.09 CDN. I kind of did a double take because before I left I converted a bunch of cash at $1.16 CDN for one U.S. dollar.
Despite the low exchange rate, I found the cost of living in Hawaii to be still to high for my tastes.
So if you need to buy inventory, equipment, or supplies from a U.S. vendor, they should be tripping all over themselves for your business plus the exchange rate has not been this good in decades.
November 5th, 2009 at 11:41 pm
The market conditions in USA is better now, people now buying business back that they have lost before