2007-10-11 03:00:41 · 16 answers · asked by Diversity Girl 1 in Business & Finance ➔ Other - Business & Finance
That is the exchange rate so a Canadian dollar doesn't buy as much in the US
2007-10-11 03:03:44 · answer #1 · answered by Experto Credo 7 · 0⤊ 0⤋
It means that the exchange rate is:
70 USA cents is worth 1 Canadian dollar....
2007-10-11 03:05:36 · answer #2 · answered by kinky_willow 2 · 0⤊ 0⤋
The exchange rate of one Canadian dollar will buy US 70 cents - so should you be Canadian, and converting your dollars to US you lose 30 cents from every dollar you exchange
2007-10-11 03:07:09 · answer #3 · answered by renclrk 7 · 0⤊ 0⤋
It means that for every Canadian dollar you will get 70 cents in US dollars, last time I checked though the Canadian dollar was on par with the US dollar.
2007-10-11 03:04:44 · answer #4 · answered by cimra 7 · 0⤊ 0⤋
It means that with one Canadian dollar you get $0.70 in the U.S. I do not think that is accurate. Maybe you heard euro? One USD will buy 70 cents in euros. Right now, $1.02USD will buy 1 Canadian dollar. That means that Canadian currency is stronger...ie., it costs the US 2 cents more to buy a 1 dollar item in Canada. Not huge, but when you look at the euro then you can see how one would have to have deep pockets to travel in Europe or buy European goods.
2007-10-11 03:29:40 · answer #5 · answered by hondacivicex92 1 · 0⤊ 0⤋
It means that if you take $100 CDN to the bank, you can exchange it for $70 USD.
It also means he's a fool. Canadian dollars are worth MORE than US dollars at present. 1 Canadian dollar = 1.013479 U.S. dollars
Since Dubya took office, the US dollar has lost about 30% of its value. Nobody trusts the dollar with that idiot in charge.
2007-10-11 03:05:25 · answer #6 · answered by Anonymous · 2⤊ 0⤋
The exchange rate. 1 Canadian Dollar = 70 us cents.
or 1 us $ = 1.42 Canadian doll
2007-10-11 03:04:26 · answer #7 · answered by chitrakg 2 · 0⤊ 0⤋
It means that if you exchange 1 Canadian Dollar you will get for it 70 cents US.
As far as I know the exchange rate from 10 Oct. was 1.--USD = 0.98 Canadian Dollar
2007-10-11 03:12:24 · answer #8 · answered by Rain 7 · 0⤊ 0⤋
That something bought in Canada for a dollar is only 70 cents here in the US.
2007-10-11 03:04:42 · answer #9 · answered by Ania & Richard 2 · 0⤊ 1⤋
If you take $100 canadian to a bank or money-changing service, and exchange it for US dollars, you will get about $70, not coutning any fees.
2007-10-11 03:04:24 · answer #10 · answered by juicy_wishun 6 · 0⤊ 0⤋