Canadian Dollar Reaches Parity with US$

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."

Comments

There goes the "How much is that in Canadian" joke

[CyberSnyder]

And I'll be saving the occasional Canadian quarter. Thanks George Bush.

U.S. Dollar to Canadian Dollar Exchange Rate

[dsmark]

http://finance.yahoo.com/currency/convert?from=USD&to=CAD&amt=1&t=5y

Wouldn't it be more accurate ...

[xednieht]

to make the statement that the US Dollar has sunk to a new low?