Thursday, September 20, 2007

$1 USD = $1 CND

It is worth noting that the eternal joke of how much more the US Dollar is than the Candian dollar has suddenly become obsolete. As of today, one US dollar equals approximately 1 Canadian dollar. This has been long in coming, as the Bush administration has been allowing the decline of the dollar against other currencies to faciltate paying off debt and bringing about more trade equity (a cheaper dollar means more of our goods being bought by foreign currencies). However, I have to admit that this policy has crossed a psychological barrier for me. I could really use one of our economically-minded Mod-Blogger to explain to me why THIS MUCH devaluation is desireable.

1 comment:

Anonymous said...

It does make buying a house easier with falling interest rates.