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Question for fellow Canadians - RE: The dollar

Discussion in 'Misc. Vegas Chat' started by habs0nut, Mar 1, 2015.

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  1. habs0nut

    habs0nut VIP Whale

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    Just wondering how everyone is dealing with the plummeting dollar. My last trip the dollar was at par, now it's at $0.80 which basically means everything is going cost about 25% more when you take into account bank fees.

    I'm still a long way away from my next trip and the dollar could possibly get better or worse between now and then. I'm just wondering if anyone has changed their plans because of it. I remember back when the dollar was $0.65, some vacation destinations were offering some pretty good deals to get Canadians down there. Is this something we might see from Vegas if it gets really bad?
     
  2. Habs

    Habs Tourist

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    Nope the dollar value will not stop us, Las Vegas is a mental getaway, cost be dammed :beer: We also went down when the dollar was around 65 cents. 7 day trip coming up 5 nights comped $550 Freeplay, $250 resort credits. Flights are Westjet airmiles, so only a $200 total for the two of us to fly down, and $400 for the non-comp nights. So for us pretty cheap trip.
    I also wonder if the hotels look at Canadians as a big deal , when you have a State the size of California a few hours drive away, that's population is that of all of Canada.;). All in all can't wait for trip.
     
  3. alexb7

    alexb7 MIA

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    No change for me. I buy US dollars every paycheque so I always have money available. I would hate to be in a position where a 25% increase in price would stop me from going on vacation.
     
  4. Zapisocki

    Zapisocki Tourist

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    My last night in the Fort Mcmurray Super 8 was $289.00,

    The Aria just sent me a $79.00/night offer.... If your from Alberta you understand why this is so.... wrong. All you need to do is post a win!
     
  5. Letsdoit

    Letsdoit Low-Roller

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    No change for my but I may bring a smaller bankroll. What pisses me off is that I was told that the IRS is now taking up to 6 months to reimburse my 2013 W2 winnings. I'm planning a trip in May and I've always gotten my refund prior to my trip. But this year may be different as the company that files my return mentioned that refunds can now take up to 6 months. I can't believe that Canada doesn't have a treaty with the US to avoid the 30% withholding tax. I'm not insulting any of my US friends who do have to pay taxes on their winnings but since we are taxed to the tilt on our payroll taxes 50% and we are currently paying about 5.00$ a gallon for gas and pay 15% taxes on anything we purchase, the fact that we don't pay taxes on gambling winnings is a little plus however we rarely need it. lol....just venting :eek:) Yes our healthcare is free, but waiting times for certain procedures surpass 2 years and I had waited over 24 hours in a hospital for a tetanus shot.
     
  6. cjohnson202

    cjohnson202 VIP Whale

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    I have a similar thread going on this topic with quite a few replies.

    At it's current state, it's not great but I still am keeping the same US dollar bank roll for now. Obviously that's costing me more Canadian but I'm just buying US every few weeks so I don't get hit with the brutal exchange all at once
     
  7. gambler

    gambler VIP Whale

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    Interesting. I was checking hotels for Dawson City, Yukon at $200 a night and thought that was nuts. That price for a Super 8 in Fort Mac is crazy but after hearing stories of some of the restaurant prices up there I'm not too surprised. I guess there is no such thing as a low season there.

    Thankfully we've had a Vegas bank account for years so it's kept in American money. Without that, we might cut back on the number of trips but it would never keep us away. Vegas is still affordable with the lower dollar. I mean you can do a basic hotel in Fort Mac for $289 or the 5 star Wynn for $129, ($161 Canadian). I just booked an overnight budget hotel in Vancouver for $130. In Vegas, I could book a suite at El Cortez for $45 ($56C). There's really no comparison between how far the dollar goes in Vegas and anywhere else. Add in the cost of restaurant food and Vegas is still a true bargain in my mind.

    I would think twice about trips to other US locations though. We committed ourselves to a family vacation in Hawaii years ago and then the dollar dropped to something like $0.55. Our $4000 trip ending up costing $6000. That hurt.
     
  8. flutterball

    flutterball Tourist

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    Still going, only bearing for me is getting my wifes OK.

    Side note : next trip for 2nd week of March Madness, booked a direct flight from Toronto on Westjet for $370, then half hour later, rebooked for $170 return, $135 of that was for taxes. Crazy price for the same flight, then add in a comp suite for the weekend, my total cost is $150 CND, so exchange will have no bearing on this next one. Without comp rooms and cheap flights I would be adjusting my betting, and having a harder time selling in to the wife..........
     
  9. Julie888

    Julie888 High-Roller

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    The pain isn't with the room or food costs, it's the gambling. Great if you win, how many of us win?
     
  10. pac1971

    pac1971 Tourist

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    The dollar was 59 cents American when I went on my first Vegas trip years ago. Money was tight in the first place but that really hurt! Still had a great time though!
     
  11. Auggie

    Auggie Dovahkiin

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    For us it is what it is...

    The whole dollar at parity thing was great and we took some great advantages of that, not just for vacations and trips to Las Vegas but investing and future planning as well. But for most of 30 years, 1977 to 2007, the dollar was trading around where it is now - the mid 70s to low 80s cents US.

    So I look at it like: where the dollar is now is pretty much where I know it having been almost my whole life so where the dollar was at parity was great and all that, but where it is now is pretty much back to "normal" for me.

    Something else to consider is that the dollar is heavily tied to the price of oil and other commodities so when the Canadian dollar is at par with the US dollar it usually means the price of oil and gas are up there and while that impacts the cost to fill up your car, it has a trickle down effect to everything you buy.

    That might not be that comforting, but in some ways with the dollar down where its at now you do save money elsewhere, like at the gas station across the street from here it wasn't too long ago that a liter of gas cost $1.55... now its around $1.15-1.20
     
  12. ruralhipster

    ruralhipster Low-Roller

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    Yeah but with oil at $50 at least you won't have to sleep in your truck (when driving out to work that is, if it keeps up like this for another year or two I might be sleeping in my truck and calling it home). I remember 2008 when a room in a dive motel in Grande Prairie cost more than 2 nights at the Bellagio.

    Once again there;s only a few differences if your ATM minimum was 1000 bucks you used to be able to pull out 900 at a time now its just 700.

    Is it just me or has Visa upped their commission on exchange rate (it seemed like a year ago it was about 0.5 of a percent above posted rates and now it seems to be around 1-2%)
     
  13. lionelhutz

    lionelhutz Low-Roller

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    it definitely makes a difference.
    when the dollar is trading at $0.80, the greenback is selling for about....$1.25, give or take.
    exchange your money for cash at the bank, they end up taking a vig of about another 3 or 4 cents, so it ends up costing about $1.28 or so for $1 USD.

    I'm not making much more money than I'm making my last trip, my cost of living definitely hasn't decreased, but now, on every $1000 CAD I'm exchanging, I'm losing almost $300 into thin air.
     
  14. breanna61

    breanna61 Super Moderator

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    I have a US bank account with enough to fund gambling $'s for 2 more trips so sure hope some winnings come back. Back when the Cdn $ was at 0.65, the only break I recall getting in Vegas was a slightly better exchange rate at the Casino Cashier than at the bank. It didn't stop me from going then and won't now though my bankroll may decrease to ease the pain. Vegas is still a very inexpensive vacation with fabulous rooms, great food, drinks, fun atmosphere and great people.
     
  15. habs0nut

    habs0nut VIP Whale

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    I really wish I had opened as US dollar account and had been putting money into it!!

    I guess if you're going mainly for gambling and can get the comps then it shouldn't make too much of a difference. With me though, I'm a micro roller and the main reason I go is for the entertainment. I spend more on show tickets/activities for a trip then what my bankroll is.

    I don't think it's going to stop me from going, just maybe put off the trip a bit while the fund can be topped off a bit more. I also think I might be more inclined to use one of the package deals through WestJet (I have points) or Air Canada where I've seen some great last minute deals.
     
  16. pleepleus

    pleepleus 2016 - The monkey is back

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    Doesn't it make sense to set up a marker then instead of bringing cash and getting burned on the exchange rate twice if you are going to gamble?
     
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