Doc just experienced in buying a 88.60 Canadian for $100 US what I experienced my whole life but the other way around.
I wrote this a few weeks ago…the day after “it” happened. When I was growing up in Canada the American Dollar was always worth significantly more then our dollar. Some time it cost as much as 1.35 Canadian to buy one US dollar. Recently the dollar has fallen to parity. I really never thought this would happen in my life. It is happening for two reasons. Demand for natural resources is going up in the global economy – Copper, Nickel, Lumber Oil etc. all are things Canada has in large quantities and exports. The other reason is the decline of the US because of …. well we don’t have to get into all those reasons here.