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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"Any Idea Why You Lost, M. Dion?"

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[Liberal leader Stephane Dion offering both a Gallic
and galling reason for the party's poor performance
in Monday's Quebec by-elections.]

* * *

The Liberal Party, Canada's natural governing party and best line of defense against Tory fascism, is failing and failing fast. An election is imminent, and it looks as if the Conservative minority will become a Conservative majority thanks to personality-free Liberal leader Stephane Dion.

The loss of the Outremont riding in Montreal is yet another blow to the embattled Liberal Party - one that could have been avoided had the Liberals chosen a leader with charisma instead of the one they did. Hell, they could have chosen Celine Dion and done better - even if in Quebec she's known as "Sell-out" Dion.

The Tory win in Roberval over the Bloc Quebecois, an unheard-of NDP win in Outremont, and a Bloc Quebecois win in Saint-Hyacinthe-Bagot (in which the Liberals came fourth of four) puts the current game of Parliamentary Chess dangerously close to checkmate.

An election is likely before the end of the year.
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