Saturday, September 22, 2007
On Thursday, the Canadian loonie (our dollar) surpassed the U.S. dollar for the first time in 31 years.
And on Friday, “The Canadian dollar opened dead even with the United States dollar…and despite a slight pull back early on moved back above the $1 mark.”
I’m not getting into the economic pros and cons as to this momentous occasion but I will say this:
I feel like a kid whose allowance finally caught up to that of an older sibling’s!
It’s almost worth taking a trip to the U.S. so that upon my return, I’m not floored by my Visa balance due to the exchange rate. Those years when the Canadian dollar was worth about $00.68 U.S. were brutal.
Not sure how long this will last (and things are still more expensive here) but I’d love to figure out a way to benefit from this historical fiscal moment!