As of this writing, the exchange rate between the Canadian and U.S. dollar, according to XE.com, is:
This could make trade with the U.S., our largest trading partner (as we are theirs) a little more difficult, but on the personal scale, it’s good — I’ve got a handful of trips down south scheduled in the next couple of months. Why, oh why wasn’t it this way from 1999 through 2002, when I was flying to the U.S. at least once a month and my bank account was getting beaten up on the exchange?
The last time our currencies were at par was back during the Ford and Trudeau administrations, back when I was a still a landed immigrant and Wings’ Silly Love Songs was the #1 song on the Billboard Top 100 for that year.
Related Reading
- Chicago Tribune: Canada dollar heading for parity with U.S. for first time since 1976
- Forbes: Forex – Canadian dollar on the verge of parity vs US dollar
- The Globe and Mail: Loonie tops 99 cents
- AFP: Canadian Dollar Hits 1997 High
2 replies on “That 70’s Dollar”
Now if only the retail supply chain can adjust rapidly enough to do something about the enormous cost difference between big-ticket goods purchased down south, and identical goods purchased here.
@Chris Taylor They’ll do it…but only at gunpoint!