How has the rise in Canadian dollar affected consumer spending habits and retail industry as a?
Answers: First off, I don;t think that it is a rise in the Canadian dollar as much as it is a fall in the U. S. dollar.
I don't think that it has played a huge role in spending habits only because there is so much spent by credit and most people are so apathetic about economic issues in general that they wouldn't even know.
The subsequent domino, "credit card default" Will be colossal. Record setting.?
So, what recourse do the CC issurers have? Since they didn'treally loan the "customer" anything? Suppose the barrower granted to pay individual $1,00 per month into infinity? When the auto loan default get into full swing, they come and reposess
the car. (however I have an idea that that the inventory of repossession's
will be so high they may want to negociate. But the CC issuers
don't enjoy colatoral to come after?
JL
Answers: once they get a judgement, they will side dishes your wages. Better to settle for 50% before that happen. They can also put a lien on your home if you have one. Since the BK law have changed, most associates will have to pay packet $100 for life until adjectives debt is paid.
Card issuers will verbs to do what they do now... seize a judgement and garnish wages. Most are competent to get judgements through arbitration. The charges and fees will verbs to skyrocket as the non-payors are supported in a sense by those who get balances and do wages. That is why interest rates are so high already. Defaults are already skyrocketing.
The subsequent big domino to fall surrounded by the credit crisis is going to be commercial credit (business defaults). When the bond insurers are already being bailed out, the problems are exploding.
How much is 500 pounds in canadian dollars?
Answers: 500 British Pound = 995.517 Canadian Dollar
There was a range of values, when I checked:
Bank of Canada: 954.58 or 994.35 / XE.com 997.23
Although this is just an approximate because the exchange rate will change every day.
about 1000 bucks.
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