We’re worth more
It has been coming for a while, but it still surprised me to find it happening that soon. For the first time in 31 years, the Canadian Dollar was briefly worth more than the US Dollar!
The Canadian dollar rose as high as C$0.9996 to the U.S. dollar, or US$1.0004, according to Reuters data, before dipping back below the level. At 11 a.m. (1500 GMT), the currency was at C$1.0003 to the U.S. dollar, or 99.97 U.S. cents, up from C$1.0152 to the U.S. dollar, or 98.50 U.S. cents, at Wednesday’s close.
See Reuters for the full story.
The Canadian Dollar dropped slightly beneath the US Dollar again. But exchange rates always go up and down, up and down. The trend for the Canadian Dollar has definitely been to gain on the US Dollar for a while. So, I am guessing that we’ll see the Canadian Dollar rise again and probably stay above the US Dollar for a while.
