Canadian dollar at par with American

http://canadianpress.google.com/article/ALeqM5hSPjtwINMoyVzOzvF2ivVPJMdsww

by kcl • 19 years ago

8 4 19 years ago

canadianpress.google.com

Then falls back to parity

rms• 19 years ago

Kaizyn• 19 years ago

The US dollar has last between 30% and 45% of its value in the last 5 years depending on which currency you compare it against. This is unfortunate, but not too surprising.

kcl• 19 years ago

'Canadian dollar outvalues American' was a much more eye-grabbing title. This is the tidbit people care about. The intraday high was US$1.0008. By anyone's measure, actually Wall Street's, which is the only one that matters, the Canadian dollar outvalued the American. Since this is a news headline, we use the present tense to indicate something that occurred in the past.

Tomorrow when the CAD falls below the dollar are we going to re-edit the title to say 'Canadian dollar well below American'?

ideas101• 19 years ago

This will stay for next couple of years - Canadian economy is strong so even if US$ doesn't depreciate CN$ will keep on appreciating ... also a further rate cut is expected in US this will surely depreciate greenback - unfortunately goods at Canadian retailers are still expensive by 20% to 40% - but net customer can go on canadian websites of ebay, tigerdirect, etc. and buy cheap.

Canadian dollar at par with American

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