Thursday, September 20, 2007

Canadian, US Dollars Now At Par

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Five years ago, the Canadian dollar was at an all-time low, just below 62 cents US; today, for the first time since 1976, the Canadian and US dollars are at par.

Why this is or what it means I really can't tell you. I'm not an economist, and there are clearly forces at work which are well beyond my understanding. I'm not averse to learning, you understand, it's just that whoever explains it to me has to speak really slowly and spell out the big words.

But on a personal note, it means my American friends can no longer come up here and lord it around like the princes they are, and therefore this turn of events upsets me. Gone are the feasts of sushi and nights at the cineplex, the surprise gifts and all the other perks that come with having high-rollers for friends.

On the other hand, it may be time to take some of my sturdy Canadian dollars south and turn the tables on them. In which case the Canadian dollar had better surpass the American one and stay like that for five years at least.

(I didn't mean it Mr. Gagne - I was only joking. Someone call a paramedic!)
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2 comments:

Seumas Gagne said...

You're picking up the next 5 lunch cheques.

michael sean morris said...

I would have picked up the last five, but you always wave me off when I do.