(Canadian dollar) rises above 90 cents US--30 year high

[tuvor]

The Canadian dollar soared over the 90-cent US mark in international trading on Tuesday, its highest level in nearly three decades.

The loonie breached the 90-cent barrier for the first time since November 1977, reaching a high of 90.3 before settling to 90.11 cents US.

On Monday, the currency closed at 89.83-cents US on the eve of the the federal government's budget. The dollar had just missed the 90-cent mark, reaching a high point of 89.98 cents during the day's trading.

Rising commodity prices are helping to keep the Canadian dollar at the 28-year high against its U.S. counterpart.



http://www.cbc.ca/story/business/national/2006/05/02/canadian-dollar060502.html

[oldtime dfl_er]

1. CBC (Canadian news) this morning told the story

by saying "It hasn't been this high since Jimmy Carter was president. Ouch.

http://www.cafepress.com/scarebaby/1386797

[Strawman]

2. Maybe I should cash in my Casino Windsor chips now

Just kidding. I don't actually have any.

[meegbear]

3. Thankfully I'm not doing my yearly Canadian trip ...

not even worth it with that exchange rate.

[danalytical]

4. I'm going to Montreal for the jazz festival

in June-July. WIth the exchange rate and gas prices soaring, I don't how I'm going to make it work.

[meegbear]

6. I goto Montreal Pride at the end of July ...

it's gonna be a zoo with the Gay Games there at the same time, so it may be for the best.

[ClintonTyree]

5. It'll mean a lot more Canadian shoppers for the U.S. though.

I live in western NY and Canadians come in by the bus-load for shopping trips. Now that their money is worth even more I imagine they'll be buying more. It may be good for outlet malls and border town merchants. Some good may come of it.

Tell any red-meat, troglodyte, neo-con that things haven't been this bad since the Carter Administration and watch their freaking heads explode! :rofl:

[SidDithers]

7. We're gonna take the kids to Disneyworld...

maybe we should book now, the trip has been getting less and less expensive over the last few months.

Yes, yes, I know Disney is the epitome of corporate whoredom, but kids don't care about that stuff when they're 6 & 8 years old.

Sid

[Lisa]

8. wow. I was too young to have an allowance, the last time this happened

November 1977!

[mmonk]

9. And I'm heading to New Brunswick, P.E.I., and Nova Scotia

in little than over a month. I guess by then, the exchange rate will be equal.

[MazeRat7]

10. Its a matter of perspective. Looks to me like the US Dollar fell in value.

;) Which of course could be reported as a rise in the loonie value. (sorry just funning around today).

Speaking of which. Why do you guys get a great name like the "Loonie" ? Thats rich. :)

MZr7

[tuvor]

12. I take it you haven't seen a Canadian dollar lately :)

[MazeRat7]

13. No I havn't... now I understand - THANKS!!!! (n/t)

[Viva_La_Revolution]

11. does this mean the grocery store will now take that Candian quarter

that's been rattling around in my pocket for 10 years?