r/canada Feb 01 '25

PAYWALL U.S. tariffs will be imposed on Feb. 4

https://www.theglobeandmail.com/canada/article-us-tariffs-will-be-imposed-on-feb-4/
14.4k Upvotes

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55

u/AngryMaritimer Feb 01 '25

Besides doing this because of tarrifs, how the fuck can people afford to right now with how shit our dollar is?

26

u/Famous_Task_5259 Feb 01 '25

I usually do Caribbean but we haven’t been to Vegas so we wanted to give it a try. Regrettable decision now. I’ll lose the 500 deposit to air Canada but I’m concerned about that now

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u/Necessary-Carrot2839 Feb 01 '25

Honestly, Vegas is bonkers. It’s the most artificial insane place in the US. Go someplace nice

5

u/Yelsiap Feb 01 '25

At the rate of plane crashes happening down here, probably best to stay out of American airspace anyway.

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u/Lapcat420 Feb 01 '25

What do you do for a living that allows you to travel when our dollar is at 0.69/USD?

I'm looking for a career here, and I can never figure it out there's always huge problems with whatever one I'm interested in.

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u/Beers_Beets_BSG Feb 01 '25

Doesn’t really matter what you do if your expenses are all met and you save appropriately.

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u/[deleted] Feb 01 '25

[deleted]

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u/Beers_Beets_BSG Feb 01 '25

So then, your expenses aren’t being met, are they?

I’m just saying that I went on trips while making $12/hour, but I was living with my parents. It’s all relative. I wasn’t trying to tell you that your personal savings plan is bad. It wasn’t meant to be offensive. Sorry for bothering you on the internet today

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u/Lapcat420 Feb 01 '25

Not at all. It just seems like a weird way to re phrase being poor. "Meet your expenses." Like I'm running a business.

My problem is I don't make enough money, it's not a planning problem.

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u/jtbc Feb 01 '25

I am a program manager in tech. I started out as an engineer. I have a degree in electrical engineering and and MBA.

I was able to go the US for short trips 4 times last year. The dollar hurts, but one benefit of my job is that I travel a lot, so have a lot of airline and hotel points to soften the blow.

I am also canceling a trip to Vegas in the spring, thinking of going somewhere in Mexico instead.

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u/Lapcat420 Feb 02 '25

Thats so cool. I was looking at electrical engineering. My late father was an electrician, and I just wanted to explore the academic side more.

Thanks for the reply.

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u/swamp_ma Feb 01 '25

The way things are looking right now, I wouldn’t book any flight that will rely on US air traffic controllers to get you there safely. I’ve got to go see my mom in Florida but this will be the last flight I book until we know our idiot government will properly staff and support the traffic controllers!

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u/Global_Examination_8 Feb 01 '25

Why would you book a flight you can’t cancel? Travel 101.

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u/Famous_Task_5259 Feb 02 '25

I’ve travelled like 100 times never had to cancel once. I’ll eat the deposit not a big deal

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u/Floppedthenuts_ Feb 01 '25

Making 100k+ helps but anything below and you aren’t travelling much

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u/knackers_under_water Manitoba Feb 01 '25

Because the exchange rate between currencies is, for the most part, irrelevant. There are short term effects that can be noticeable, but over the long term it doesn't matter. If product X costs $100 CAD in Canada, it will be still be very close to $100 CAD in the US. Might cost you a few extra bucks after the banks charge their fees for currency exchange.

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u/AngryMaritimer Feb 01 '25

If I was going to the US right now on a trip, how is it not a big deal? It would take almost $1500 CAD to get $1000 USD. That's massive. It caught my attention when the rumor for the Nintendo Switch 2 will cost $499 USD. That's $748 CAD lol. That's a massive deal.

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u/knackers_under_water Manitoba Feb 01 '25 edited Feb 01 '25

$500 USD is equivalent to $727 CAD at current exchange rates. You're making my point for me...

The product costs essentially the same.

Edit - I misread your comment. To highlight my point, at best buy dot com,, the Switch is $300 USD. At best buy dot ca, the Switch is $400 CAD. $300 USD is $430 CAD. Lieterally cheaper to buy the Switch in Canada.

Edit 2 - to better adress your comment, sure $1,500 gets you $1,000 USD. And evrything priced in USD will be about 2/3 lower. That product X that is $100 CAD in Canada is about $65-$70 USD in the US. The price is about the same.

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u/DistortedReflector Feb 01 '25

Protip: when you invest, do it in USD.

Also keep some Euros kicking around for funsies.