[quote="ED! Ban #127":78200]
Quote:
Originally Posted by ninty9
Canadian dollar is at its highest in over 5 years thanks to a weak American Economy and a strong Canadian Ecomony.
Canadian dollar is worth over $0.70 US
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As weak as the American Economy is, it's still telling that you can only get 70 cents for the Canadian dollar.
Currently the British Pound is the only currency worth more than the US Dollar.[/quote:78200]
And the Euro.
All i'm saying is that its been a while since we'e gotten this much. If we buy something from teh states its something like 16% less than 4 months ago.
If you take hockey for example, the Canadian teams players are getting paid in American Dollars. I saw an interview with Ken king, who is the president and CEO of the Flames said this will save them 2 million dollars. This helps us out a lot.
But comparing the US dollar to the Canadian dollar and expecting them to be even is ludricrise (sp).
.70 is very good for our dollar in these times.
So now its much cheaper for Canadians to go to the US, but more expensive for you to come here. This can also be bad for Business here.
Things like movies cost more for americans to make in Vancouver and toronto, so they may just stay in the states,
Anyway, the Canadian dollar will never be worth as much as the US dollar. The Us economy is so huge we have no chance.