Well folks, the Canadian Dollar is worth the exact same as the US dollar. Is this scary or what? For all of us Michiganders, we used to make fun of our neighbors to the north for having such a laughingly cheap dollar. When I was in high school, you could routinely get $1.50 Cn for $1 US. So this idea that it is all the same is quite strange.
The reported reasons for this vary from the recent interest rate cut here, to the value of Canada's oil and gas reserves. I am going to go out on a limb and say that it is because they maintain a crack team of Canadian Mounties ready to invade the Us unless we make our currency weaker. See the picture below for verification of this theory.
1 month ago