Canadian dollar reaches parity with US dollar

CBC:

So let’s just dispense with the “Loonie is Canadian for quarter” jokes now, if you please.

We needn’t dispesne with them; we’ll just put them in storage for later inversion. :smiley:

$1 Canadian? What’s that, like $1 in real money?

Damn, and here I was just thinking about buying Canada.

FTFY. :smiley:

I think I may have to see about ordering my next iPod online sooner than anticipated. Go Looney, go!

Grrrrrr. Of course, it has to happen when I’m making American money.

This is so… eerie.

It feels like I’ve unlocked this door with the key of imagination, and beyond it is another dimension–a dimension of sound, a dimension of sight, a dimension of mind. It feels like I’m moving into a land of both shadow and substance, of things and ideas.

I feel like I’ve just crossed over somewhere, but I can’t put my finger on it…

The Outer Limits?

Hey, don’t knock it. Though the threat of US inflation looms on the horizon, it’s a good time to do some of that E-Commerce stuff. Of course, it figures that this happens when I’ve got heavy bills to pay off for the next few weeks.

sigh

You young’uns are so funny. When I first came to Canada, waaaay back in the 70’s, the Canadian dollar was hovering around par with the you ess greenback.

Don’t get too high and mighty about your money. The blame lies entirely with your retarded brother to the south.

You haven’t done much against other currencies, or oil, wheat, etc.

It’s just that we’ve thrown the dollar into the shitter in this country.

I don’t have much beyond an Econ 101 concept of it, but this essentially bails out SOME stupid home buyer, and plenty of greedy wall streeters.

Who pays for it? Those of us with savings accounts, and those of us for whom milk, bread, and energy make up a large portion of our daily expenses.

Yeah, the well-invested take the hit on those things, too, but it’s a little easier to bear when your million dollar portfolio just bumped up $20,000.

The fact that we ran out of money to service our personal debt has not gone away. It’s just being paid for in other ways, and being spread out a bit to those who were responsible in the first place.

I’m going to assume the Fed knows what it’s doing, but this seems to me like a kid overspent his allowance, and his parents decided to correct the problem by raising it.

You realize that Canada is a big producer of both oil and wheat, right?

That’s not true. The Canadian dollar is getting stronger on other currencies as well.

In the past 120 days it has grown stronger against;

Euro (.64 > .71)
Pound (.43 > .49)
Swiss Franc (1.04 > 1.17)
Yen (1.02 > 1.14)
Danish Krone (4.79 > 5.22)
Australian Dollar (1.05 > 1.15)
Chinese Yuan (6.70 > 7.40)
US Dollar (0.85 > 1.00)

You can check these figures here.

The US dollar tanking is beside the point.

Canadian dollar reaches parity with US lira.

Fixed that for you.

And when the U.S. dollar, the Canadian dollar, and the Mexican peso all line up in value, the world will essplode! :smiley:

Our next goal :
to ensure parity between the US dollar and this currency :smiley:

Hooray, Alberta!

I wouldn’t say that entirely. Canada is having a smoking hot economy right now, and I don’t think that can be completely attributed to the U.S. being extremely shaky.

Funnily enough, Canada is the biggest supplier of oil to the U.S. :smiley:

I’m going to go buy some money tomorrow.

I’m not exactly delighted about my timing either. I’m almost out of U.S. money, which will, of course, signal a market correction.

You know, if you think about it, it already is.

Saying the US Dollar is par with Canadian Tire Money is more insulting somehow. :smiley:

That line was funnier the first time I read it. Of course, I read it as Canada is having a smoking pot economy right now…