Posted on 05/03/2006 6:45:32 AM PDT by wallcrawlr
Canada's dollar rose above 90 U.S. cents Tuesday -- the first time it's been worth that much since the Camp David accord for Middle East peace was signed, the Jonestown massacre took place in Guyana, the Bee Gees topped the pop music charts with "Stayin' Alive" and Guy Lafleur and the Montreal Canadiens defeated the Boston Bruins for the Stanley Cup.
Known as the "loonie," Canada's dollar coin advanced to 90.44 U.S. cents from 89.82 Monday. It touched 90.45 U.S. cents earlier Tuesday, the highest since 90.62 cents on Jan. 24, 1978. One U.S. dollar buys $1.1057 Canadian.
The Canadian economy is growing at the fastest pace in six years, and Canadian exports such as oil and gold are trading near record highs. The Bank of Canada raised its benchmark interest rate to 4 percent last week and suggested more increases may be needed to stem inflation.
(Excerpt) Read more at startribune.com ...
Did it rise or did ours fall?..........
Ours is falling compared to many currencies, the Euro for example and the British Pound. Too much money-printing has been going on for too long.
The world is getting wise to our defecit tricks as well, which is actually close to a trillion dollars this year if you use honest accounting, i.e., no hand-waving that Social Security is "off-budget" and so on.
guess we will go to the euro next
ours is merely falling faster
"Too much money-printing has been going on for too long. "
Didn't "someone" just put a stop to letting the amount of dollars that are printed made public recently?
I booked my vacation to the US last week....This is great...
I can`t wait....
Sorry, we don't take loonies, twonies, pink dollars or monopoly money here. LOL.
Yep - their inflation just outpaced ours for a while.
one world government will mean 1 kind of currency.... it's getting spooky here....
Darn...there's still an outside chance my son may go to Dalhousie University in Halifax. Obviously the exchange rate and discounted tuition is a factor.
Yep, new Fed Chief Bernacke decided that they wouldn't publish the M3 number after March 23. The gold bugs weren't fooled: March 23 is the date tick right between March 14 and Apr 3 below; feel free to conclude that the very day that M3 was no longer published was the same day everything gold-related started shooting straight up.
The old saying comes to mind. I hope your President would bear in mind- "you can't please everybody". You just can't. Already some of our Canadian Chamber of Commerce people are crying. We will lose $2 1/2 billion sez they. Meaning Americans do not have such a big discount.
What some of the surly locals (laughs)think, is that they should join in and be competitive. Some small businesses at one time had huge signs- "25 cents on your American dollar"- way to go. Also act nice to our American visitors.
That's what the entire world is saying about your greenback. Nothing funny about it.
You have to admit your currency is goofy looking, though.
Goofy? Nah. Original. Yes. Looks good to me. I'll take all I can get.:)
We just pretend that it isn't.
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