I hate to be a dick, but remember when everyone was talking shit on the U.S. dollar when the Canadian dollar reached parity and then outpaced our currency? Well, it turns out the Canadian export economy is tied almost entirely to the fact that its currency is supposed to be inferior to the dollar, and therefore exported resources are cheaper for U.S. producers than buying domestically in the states. Additionally, the tourism and consumer sales industries are taking a big hit because it's not as cheap to go to Canada or buy from Canadian retailers online any more. The early numbers indicate that the Canadian economy loses 3-4 billion dollars for every CENT that the Canadian dollar gains against the U.S. dollar, and the prime minister has even declared this sudden shift in the exchange rate a "troubling, troubling time" for the Canadian economy. So even though the dollar sucks right now and I can't really afford to travel, I'm still getting a pretty good laugh about this, especially considering how many Canadian kids were giving us crap after their dollar reached parity.
Pretty ironic that your dollar has to be shitty in order for your economy to run smoothly.Â
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