The Canadian Press: Canadian dollar moves close to parity with staggering greenbackFirst Faved : Sep 20 2007 by mohitFaved : 2 times (1 with note)Viewed : 2 timesFave It!
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Wow. I remember when I first visited Seattle in 1999, we'd go to Canada to save money.
Quoted: The Canadian dollar moved decisively above 99 cents US Thursday morning, coming within a hair's breadth of parity against the faltering American dollar for the first time since November 1976.
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I would think this is due to the Bush economic policy.
- Run-away deficit spending
- Continuation of an expensive (and unpopular) war
- Implementation of massive tax cuts (even in light of the above)
What you thought was a dollar, is now devalued some 30% from when Bush first took office. This represents a hidden tax on all Americans.
Also look at what's happening to the price of Gold.
http://goldprice.org/gold-price-history.html#5_year_gold_price
In Oct 2000, gold was under $300/ounce. Today - it's climbed to over $700. That more than doubling in under 7 years represents an annual price inflation of over 10% (though most of this increase has hit us since 2005).
When Bush questioned the tax cuts, Cheney chanted "stick to principles", but they've only got it half right. These "principles" say cut taxes AND cut spending. Instead, they've cut taxes and massively, MASSIVELY increased spending. Cheney says deficits don't matter, and focuses only on its positive impact on exports.
Real conservatives should be as fed up with this administration as the smelly hippie libs.
man i miss the days of Can$ .65 to US$1.00---that was the best part of going to BC as a freshman and sophomore in college.
@derek - hippies are smelly?