15/10/2009

What about that Loonie


I am not sure what it is with reporters these days but, the Canadian Dollar isn't rising at an unprecedented rate. The loonie is most likely where it should be, perhaps a bit artificially undervalued to keep the Canadian manufacturing industry happy.

The American Dollar is dropping, and so it should considering the state of the American economy.

If the media were doing their jobs we would be told how our dollar was doing relative to other currencies like the Euro, the Yen or the British Pound. The fact is we are holding our own and more.

So, we are doing just fine. Let's enjoy it and do a bit of cross boarder shopping.

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