I wish I had some Canuck dollars just before America needed saving. I would be better able to pay my mortgage now.
International Level: Specialist / Political Participation: 49 4.9%
Canadian dollar hits parity vs. U.S. Dollar:
The Canadian dollar rose to one-for-one footing with the you.S. Currency on Tuesday, hitting its strongest level since July 2008, boosted by rising commodity prices and expectations for higher domestic interest rates. Ref. Source 6
Canada Dollar Drop Is Largest in Three Years:
Canada's dollar depreciated by the most since October 2008 as concern the global economy is sinking back into recession spurred a haven rally in the U.S. Currency and dimmed the outlook for commodity prices. Ref. Source 5
Far as I am concerned keep the greenback high and we will have more loonies to spend. After all we are best at export in raw goods and the low loony helps that. Just as long as we stay above 83 cents or so all is good as far as I am concerned.
International Level: Senior Politician / Political Participation: 188 18.8%
Canadian dollar sees the loonie falling to 59 cents by the end of the year:
Our loonie is heading for a record low with the central bank poised to cut interest rates again as commodity prices collapse to the lowest since 1991, manufacturing stalls and consumers remain buried in debt, according to the currency's top forecaster. Ref. Source 4o.