Well hell, first the Italians get rid of the Lira, now the Canadian dollar reaches parity with us. What the hell are we going to use as the default currency when trying to make jokes about how 4 million of theirs equals about $3.49 here in the states?
Just for shits and giggles, $1 American is worth: Now -- (5 years ago) 1.15 Australian dollar (about 1.85 dollars 5 years ago) 0.50 British pounds (about 0.65 pounds) 1.00 Canadian dollar (about 1.60 dollars) 7.52 Chinese Yuan (about 8.30 yaun, government mandate IIRC) 0.71 Euro (about 1.25 Euro) 114.95 Japanese yen (about 124 yen) 1.17 Swiss francs (about 1.50 francs)
For comparison, $1 Canadian is worth: 1.15 Australian dollar (about 1.16 dollars 5 years ago) 0.50 British pounds (about 0.41 pounds) 7.51 Chinese Yuan (about 5.25 yaun) 0.71 Euro (about 0.65 Euro) 114.88 Japanese yen (about 80 yen) 1.17 Swiss francs (about 0.95 francs)
Give Ben and his fed crew a few more months and we'll be looking up to the peso on the currency board. By bailing out a few people and attempting to stave off what was developing into a mild recession, the Federal Reserve might be driving us into something between the late 1970's and October of '29. Get out of your debts now while the dollar is cheap and interest rates are low, because when, not if, the government decides the dollar should be worth more than toilet paper, watch the interest rates skyrocket.
It was a happy dance time at my workplace; A good number of people who work in my area started to cheer when parity was announced on the radio.
Now, I work for a US based company, it'll be interesting to see what will happen should the loonie continue to grow stronger.
(edited by Oliver on 20.9.07 2025) I've seen 15 movies so far this year: Because I Said So - (2*); Borat - (5*); Children Of Men - (4*); Die Hard 4 - (5*); Evan Almighty - (3.5*); Fantastic Four 2 - (4.5*); Hairspray - (5*); Harry Potter 5 - (4*); Knocked Up - (4*); The Last Mimsy - (4*); Mr. Brooks - (4*); Shrek The Third - (3*); Spiderman 3 - (3.5*); Superbad - (1*); Transformers - (2*)
If it gives them enough time to drill the relief wells then we should be in good shape. I have heard that the wells might actually be up at the end of the month. Four months later and hopefully, we can get some end in sight.