US$1.10 for a Loonie
Yikes! When is the Canadian dollar going to stop rising? It hit US$1.10 in trading today.
For the first time (in my 38 years) I deposited a US cheque in my Canadian bank account only to realize that it was worth less in Canadian dollars. I never thought the Canadian dollar would be this strong. I’m used to treating US money like it was gold and now our Loonie is worth more than an American dollar?
I don’t know why, but I feel nervous about our dollar being so strong. This ride can’t last forever and I can’t help but wonder if some global economic catastrophe is just around the corner.
Posted in News at 1:34 PM