Date: 2007-09-21 07:36:00
dollar parity
Within a negligible epsilon, today USD$1 equals CAD$1. As far as I remember, this is the highest the Canadian dollar has been during my lifetime.
... the highest that the Canadian dollar has been in relation to the U.S. dollar.

A bit of that can be explained by the US Dollar's falling value. (Though it looks like the CAD has gained against at least the Euro lately as well.)

Canadians most often compare the CAD to the USD, because the USD is somewhat of a de facto standard currency (or at least has been in the past).

Apparently one reason for the rising CAD is the promise of Canada's rich mineral resources.
Crazy that books still cost a couple of dollars more.
You can bet that there are lots of Canadians stepping across the border to do a bit of shopping these days. Though that's not really anything new, except when the CAD was way down.
(anonymous) : Your lifetime?
Aren't you only 1 year younger than me? If so, you were alive in 1974 when the dollar hit $1.04 something USD. You may not have been paying attention though.

(Aren't bankers a pain in the arse?)

BTW, hi!

[info]ghewgill : Re: Your lifetime?
Ha! I thought somebody might call me out on that little detail, but I had no idea that it would be you. :)
(anonymous) : Re: Your lifetime?
I can be tricksy that way. Always popping up when least expected. Much like the Spanish Inquisition. :-P

[info]ghewgill : Re: Your lifetime?
Go check your facebook!
Greg Hewgill <>