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Canada Just hiked the Lending Interest Rates and their economy is doing really well. CAD value has been on the rise for sometime now since Investors are investing as much as possible at this moment to get lock down on low Interest Rates!! I hope everyone has sufficient funds to cover if there is more hike in CAD.

I live in India at the moment so conversion of 2 months ago was 1 CAD = 48.60 INR, Currently it is 1 CAD = 51.01 INR

That is a huge Increase. Please see rates according to your country!

http://www.huffingtonpost.ca/salman-sakir/interest-rate-hike_a_23036033/
 
Canada Just hiked the Lending Interest Rates and their economy is doing really well. CAD value has been on the rise for sometime now since Investors are investing as much as possible at this moment to get lock down on low Interest Rates!! I hope everyone has sufficient funds to cover if there is more hike in CAD.

I live in India at the moment so conversion of 2 months ago was 1 CAD = 48.60 INR, Currently it is 1 CAD = 51.01 INR

That is a huge Increase. Please see rates according to your country!

http://www.huffingtonpost.ca/salman-sakir/interest-rate-hike_a_23036033/

Yeah it's a worry for me as Canada gets stronger and our idiot president pushes our currency down.

As of today I will need R234 566.56 and yet only 2 months ago it was R221 522.63 so in two months I've effectively lost R13 043 or in more understandable terms, I've lost CAD$1270

hurts just looking at it :mad:
 
I haven't had Nutella in years. But it's so tasty and now I'm thinking about it ...

Nutella_ak.jpg

Go for it! :)
 
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Yeah it's a worry for me as Canada gets stronger and our idiot president pushes our currency down.

As of today I will need R234 566.56 and yet only 2 months ago it was R221 522.63 so in two months I've effectively lost R13 043 or in more understandable terms, I've lost CAD$1270

hurts just looking at it :mad:
Ouch!!! That is almost your OINP Processing Fee!!
 
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Hello again my dear friends, so here we go, hope this day will be exceptional with draw happening, CRS 425 (+-3). :);) All the best everyone!

PS: We have sill some time for stretching our fingers before F5 refresh party :D
 
Friends, how much time does it take to get PR after receiving ITA?
It depends on your application and the person who is gonna be in charge (CIC officer), but it may take from 3 months to 6 months, sometimes for complicated application it may take up to year. For me, if the application is successful then it's really party no matter the time for evaluation by CIC officer.;) Hope it will be easy for you :)

PS: Refresh party continues, fingers crossed for my friends :cool:
 
Friends, how much time does it take to get PR after receiving ITA?
It depends on when you submit the application. Applicants have 3 months to submit the entire application after receiving and accepting ITA. The SLA starts after submitting applicaiton and receiving the AOR (Acknowledgement of receipt). The max SLA is 6 months, however, every case is different and there are no promises. Some people get their PPR (Passport Request) followed by COPR (Certificate of Permenant Residence) just in span of three months , some are processed somewhere between 4 - 6 months. The occurance of cases which linger longer than 6 months without decisions is very rare but such cases do exist.
 
Yeah it's a worry for me as Canada gets stronger and our idiot president pushes our currency down.

As of today I will need R234 566.56 and yet only 2 months ago it was R221 522.63 so in two months I've effectively lost R13 043 or in more understandable terms, I've lost CAD$1270

hurts just looking at it :mad:


Know how you feel i had to keep chasing the rate when the backside fell out of the £ and even now its $$$'s more than this time last year, its annoying as whilst i have the cash saved the 'real' bulk of funds will come from equity in my property.
 
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