Canadian Dollar insanity - How has it affected you?
5/30/2007 at 4:14 PM
You'd have to be living under a rock to have not heard a bit about the CDN Dollar's skyrocketing over the past while. Right now it's bouncing around 93 cents to the US Dollar, the highest in 30 years. In this article:
http://www.canada.com/nationalpost/financialpost/story.html?id=ce5ef837-604c-4da6-92fb-d6676585338a&k=87372 RBC predicts it could still climb to 96.
For me personally, it's been a bit of give and take. I do a moderate amount of purchasing in US dollars.. so it has technically saved me a couple hundred dollars recently. On the other side, from time to time we make sales to US clients. Lets just say it isn't as worthwhile today as it was when it was 20+ cents lower a few years ago.