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2007/09/20

Doomed, I Say! Doomed!

Remember the days when the US dollar was worth something? Like, 2000? Then the BEP decided to make the dollar look like Monopoly money, and now it's worth about the same.

The Canadian dollar reached parity with the U.S. dollar on Thursday for the first time since November 1976.

Known as the loonie because of the bird pictured on the one-dollar coin, the Canadian dollar has been gaining ground on its American counterpart since hitting an all-time low of 61.79 U.S. cents on Jan. 21, 2002.

This week the loonie rose sharply against its U.S. counterpart after the Federal Reserve announced a dramatic half-point cut in its benchmark interest rates. The Bank of Canada, meanwhile, has kept its equivalent rates stable.


Well, at least we finally know Bush's plan for stopping illegal immigration.

1 comment:

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