[Newsbot]

Title: Loonie nudges close to parity
Category: Misc CDN
Posted By: tritium
Date: 2010-10-13 08:57:10
Canadian

[tritium]

Going to the USA today to do some shopping... glad the dollar is close to par.

[jeff744]

tritium tritium:

Going to the USA today to do some shopping... glad the dollar is close to par.

Bad for our economy though, less Americans coming up to give us their money

[BartSimpson]

jeff744 jeff744:

Bad for our economy though, less Americans coming up to give us their money

Yep. I recall in 1994 going up to BC and essentially seeing a big 25% Off! sign on the whole country. I came back from that vacation with a lot of great Canadian goods and an empty wallet.

[SprCForr]

Hello, Summit Racing? I'd like to order...

[denmns]

Well, I say we should get use to paridy with the US dollar, but nothing like the 1.10 US for 1 cdn dollar like it was a few years ago. Bargin to eat and get gas in the US, but not much after that!!!!!

[Lemmy]

It was over $1.05 briefly in the fall of 2007, but never hit $1.10. Most economists (myself included) would choose a value in the low to mid $0.90s if asked what the ideal exchage rate would be. But given the US economy's weakness (and debt) and domestic inflationary pressures, I think we'd better get used to an at-par or better dollar. Our exporters need to tighten up their operations because the crutch that a low dollar has given these firms is a thing of the past, at least for the foreseeable future.

[raydan]

Right you are.

The highest before that was (since 1970)...
25 April 1974: Canadian-dollar US $1.0443

[Sapio]

Now is the time to get Christmas gifts online.... time to check out Think Geek!!