I was away for a bit. I went to "Beautiful B.C.". That's what all the car plates say there and I have to agree. Spent majority of time away on Vancouver Island. A wild and relatively untouched place. Anyway I come back to the world of business news to find the C-buck at parity with the greenback. Mainly down to Bernanke's aggressive cut in rates. Of course oil bubbling along near 80 bucks a barrrel doesn't hurt either. Quite a story for Canadians and the economy. When I first came here almost 10 years ago there were calls for Canada to ditch the loonie altogether and adopt the American buck as their currency.
If Canada was a cat it should be of the cheshier variety. In reality Canadians are a notoriously humble bunch so they're not likey to rub it in anybody's face. But well done at any rate Canada.
3 comments:
Won't this make Canadian goods more expensive in the US? This could harm the Canadian economy, especially as the US is still Canada's largest trading partner.
You're absolutely right. And there has been a fair bit of negative coverage in the Canadian media about this.
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