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Canadian Dollar Reaches Parity with US$

Posted by kdawson on from the who's-loony-now-eh dept.

boxlight writes in to mark the occasion when the Canadian dollar hit parity with the US dollar for the first time in 31 years. The article notes that Canada has run a budget surplus in each of the last 10 years. "This is actually bad for the profits of Canadian corporations that sell their products to the US for US dollars (Canada sells far more to the US that the US sells to Canada); but it means us Canucks will get cheaper Macs as the Canadian prices get closer to US prices with every new release."

9 of 702 comments (clear)

  1. Re:Article is useless without a graph! by jamie · · Score: 4, Informative

    http://finance.google.com/finance?q=CADUSD

  2. Re:Article is useless without a graph! by CastrTroy · · Score: 3, Informative

    Ask and ye shall Receive. Here's the link to the graph and data on Yahoo Finance. As of my posting, it appears that the US dollar has bounced back a bit, and is worth 1.0095 Canadian dollars.

    --

    Anthropic principle: We see the universe the way it is because if it were different we would not be here to see it.
  3. Freefall.... by downix · · Score: 5, Informative

    I find it funny how it is always put "the Euro rsing against the dollar" or "the Canadian dollar rises against the US dollar" when the truth is the US dollar is in freefall, loosing value hand over fist. I wonder how long before the Peso overtakes us?

    --
    Karma Whoring for Fun and Profit.
    1. Re:Freefall.... by Rufty · · Score: 3, Informative

      In terms of being used as a payment for cross-border transactions, the euro is trailing the dollar only slightly with 39 percent to 43 percent.

      --
      Red to red, black to black. Switch it on, but stand well back.
  4. Re:Article is useless without a graph! by Anonymous Coward · · Score: 5, Informative

    This graph might be a little more useful, as it goes back 30+ years:

    http://www.cbc.ca/news/background/economy/loonie.html

  5. CDN book prices are a rip-off by diodeus · · Score: 5, Informative

    I grilled my local independent bookseller on this. She blamed the publishers, which are all in the U.S.

    Complain about it here: http://www.competitionbureau.gc.ca/

  6. Re:About time by ashitaka · · Score: 3, Informative

    Actually the Chapters here in Vancouver has had a sign up for a while that stated the true Canadian price would be given at the till. Maybe they've even started putting price stickers on the books.

    --
    If you don't want to repeat the past, stop living in it.
  7. 1864 the greenback traded at less than 36 cents by JamJam · · Score: 3, Informative

    What goes up usually comes down. Here's a little history: The Canadian dollar has seen some steep ebbs and flows in its history. In 1864, the greenback traded at less than 36 cents (Canadian), an all-time low for the U.S. currency. In 2002, by contrast, the loonie traded as low as 62 cents Quoted from http://www.reportonbusiness.com/servlet/story/RTGAM.20070920.wdollar0920/BNStory/robNews/home

  8. Re:Book Prices? by HungWeiLo · · Score: 3, Informative

    The storekeepers in Bellingham say that the expected surge of Canadian dollars has been subdued thus far, due to the fact that Canadians loathe the long lines at the border. 2 hrs or more of waiting during peak times plus over-inquisitive border patrol agents tend to drive away business.

    --
    There are a huge number of yeast infections in this county. Probably because we're downriver from the bread factory.