Tuesday, October 30, 2007

O Canada! Loonie tunes being sung



It's history making.

For the first time in 47 years, the Canadian dollar has hit an all time high.

Yesterday it was valued at US$1.05, something that hasn't happened since 1960.

Read the complete story in the National Post.

Although not a good deal for Americans traveling north of the 49th parallel, it does have its upside.

I have several Canadian clients and now when I get paid in Canadian dollars -- I actually make out even better.

Sure beats the days when a $500 Canadian check meant about $350 US.


So is a Canadian penny worth anything in US funds?
Photo by Sue Frause.

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