Loonie nudges close to parity

Going to the USA today to do some shopping... glad the dollar is close to par.

Bad for our economy though, less Americans coming up to give us their money

Yep. I recall in 1994 going up to BC and essentially seeing a big 25% Off! sign on the whole country. I came back from that vacation with a lot of great Canadian goods and an empty wallet.

Hello, Summit Racing? I'd like to order...

Well, I say we should get use to paridy with the US dollar, but nothing like the 1.10 US for 1 cdn dollar like it was a few years ago. Bargin to eat and get gas in the US, but not much after that!!!!!

It was over $1.05 briefly in the fall of 2007, but never hit $1.10. Most economists (myself included) would choose a value in the low to mid $0.90s if asked what the ideal exchage rate would be. But given the US economy's weakness (and debt) and domestic inflationary pressures, I think we'd better get used to an at-par or better dollar. Our exporters need to tighten up their operations because the crutch that a low dollar has given these firms is a thing of the past, at least for the foreseeable future.

Right you are.

The highest before that was (since 1970)...
25 April 1974: Canadian-dollar US $1.0443

Now is the time to get Christmas gifts online.... time to check out Think Geek!!