Canada and US Dollar Approach Parity: Good News for John!


Not sure about those of us south of the 48th Parallel (and in North America), though.

Dollar 2.jpg

“<a href="By Matt Townsend

Oct. 17 (Bloomberg) — The Canadian dollar rallied for a third straight week, touching a 14-month high and moving closer to parity with its U.S. counterpart as signs of economic recovery pushed commodities and stocks higher.

Canada’s currency gained as crude oil, the nation’s largest export, surged 10 percent and the Dow Jones Industrial Average surpassed 10,000 for the first time in a year.”

How are you Ozzies doing?

Not far behind Canada, actually.

1989detr

I’d much rather Obama try to achieve parity with the GB Pound Sterling. LOL!

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