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P©WÉ®T©©LMAN ²ºº
 
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Default WTB Canadian Tire Money


wrote in message
...
On Sun, 09 Nov 2003 20:43:40 +0000, Andy Dingley
wrote:


When i was a young fellow in the navy in the mid sixties some of the
guys passed off Cdn tire money in some of the caribbean islands. This
was really an unfriendly and unneccesary thing to do as our money at
that time was about twice the value. it was also very dangerous to
ones career. I didn't have any Cdn tire money myself as i was only 18
and probably hadn't even been in their store yet. There were many more
places i found more interesting than the Cdn t\Tire stores in Halifax.
Ken


LOL

Canadian Tire money does not have the buying power it once had:

OTTAWA-- Foreign markets, a fluctuating European economy, and a shortage of
barbecue equipment have all been attributed as determining factors in the
recent drop of the Canadian Tire dollar.

The Bank of Canadian Tire, headquartered in Toronto, refused comment.
Analysts say that the decline in the dollar is likely to continue. Until
recently, the bank's strategy for dealing with the dropping value of its
colorful money has been to print more.

The plan backfired.

"I used to be able to buy a mini-socket set with a fist-full of Canadian
Tire notes," said Elliott Whitezit, a customer since 1959. "Now I need an
over-flowing wheel-barrow to get a tin of car wax."

"All the conditions were in place for a weakening of the dollar," said
Reuben Magyeski, currency strategist at Deutsche Bank Securities in London.
"The whole emerging-markets situation may have been the catalyst for a
long-awaited return to reality. This is a market correction not unlike the
Monopoly money crash of 1972."

In 1972 Parker Brothers money was so devalued it wasn't worth the paper it
was printed on.

Safeway's and Save-On-Foods' points cards, not to mention the ubiquitous
Zellers' Club Zed points card have also contributed to the decline of
Canadian Tire dollar. Plastic cards are perceived as being more "sexy" than
paper.

"It's part of the whole 'new economy'," commented Mr. Magyeski. "I mean, who
carries around cash anymore? Everything is paid for by plastic: debit cards
and credit cards, including Canadian Tire's own credit card. Pieces of paper
are perceived as 'old-school', something grandma would carry along with her
sachets of lavender."

Canadian Tire money has also been confused as complimentary bookmarks. "I
thought it was a little odd," said Mathilda Enterwhist, who had just
purchased a set of 4 double-A batteries for her pen flashlight, which she
had also bought at Canadian Tire. "They don't even sell novels. Why would
they give me a bookmark?"

From The Toque (ha ha)

--
© Jon Down ®

http://www.stores.ebay.com/jdpowertoolcanada