The Canadian Dollar is on parity

[hyphenate]

with the American dollar. Right there you can see how fucked up our economy is--back in 2000, the dollar was about 1.53 in comparison. I'm sure we've had parity before, but I've been paying attention for awhile now, and the parity with Canada is continuing, a trend that doesn't bode too well for America in the future. I do however, applaud Canada's economy for getting a strong edge against us. That means my relatives are now worth the same as us US cousins.

[Angela Shelley]

1. Simply stated: Investors trust the Canadian economy more,

and the US economy less.

It´s not rocket science. It´s a matter of trust.

[Toots]

4. I believe Canada has also been running surpluses the last few years

In Stark Contrast with America The world sees this.

[Elspeth]

11. A socialist country running a surplus? Where are the exploding Freeper heads?

Someone's got to tell Rush...

[marmar]

2. Nothing new...a couple of months ago is was almost 10 cents higher than the greenback.

The US dollar is still trading higher than the Monopoly game board dollar, tho. :)

[Angela Shelley]

3. So those are the "reserves" which everyone is talking about.

[PassingFair]

7. Yep. THAT was a shocker!

I've lived NORTH of Canada (Detroit) most of my life
and was SHOCKED when I realized that the Canadian
dollar had passed us by!

They have since reigned it in (I don't know how or why,
but I've read that it IS deliberate....)

I can remember when it was worth .70!

[Romulox]

5. I don't see the problem. Recent history shows that a strong dollar isn't good for workers. nt

[PassingFair]

8. What about savers?

If your dollar is only worth 2/3 of what it
was when you SWEAT to make it?

[JBoy]

9. There some real concern in Canada about this

For the longest time, our lower dollar was a competitive advantage. The recent shift has happened so quickly that there is still fallout yet to come.

[Romulox]

10. Precisely. Canadians (also Chinese, Japanese, and Germans) all fret if their currency is TOO STRONG

A strong dollar merely encourages gluttonous over-consumption of Chinese crap and the continuing off-shoring of jobs.

It's a great deal for corporations, but a bum deal for workers, and the Germans, Canadians, Chinese, Japanese, et al. understand this.

[dsc]

6. We haven't had parity since the 1970's

or about 30 years.