Canadian dollar
After several years of heading down to the USA for a couple of months in the late winter, we have more or less decided we will not do it this year due to the poor exchange rate of the Canadian dollar....
Forum Discussion
John&Joey wrote:
IMHO the dollars should have never been at par in the first place. You got spoiled with screaming US deals when oil was way overpriced at $120/barrel. As some would say "you thought the party would never end."
I disagree.... Currency rates and oil prices are based on perceptions and to some degree manipulation. If based on facts, the US and Canadian dollar would be close to par and oil would be somewhere in the $60 - $70 range.
I believe that Canadians and Americans are close cousins if not sisters/brothers. We should work toward moving our dollars back to par, then Canada should adopt the US dollar as our currency. The benefit to both our peoples would be almost unlimited. And I say Canada should adopt the US not because it is better, but because the US is by far the largest population and more importantly, the US dollar is a secondary currancy of choice in so many other countries around the world.
