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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."

4 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. 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.
  3. 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

  4. 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/