Canadian Dollar Higher Than American Dollar?
Is it true?
Link to currency conversion would be great!
Thanks. ♥
BTW are you Canadian or American?
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Yes, it is true.
http://www.xe.com/ucc/convert.cgi
It changes almost every day so you might want to check often.
(Daily Update)
Hope this helped! ♥
BTW I am Canadian.
Check the bank rate and you’ll have your ‘precise’ answer.
Here are latest rates:
http://www.forbes.com/currencies/
Read off the CAD vs USD box.
Here is a video from Forbes.com with background on the Canadian vs U.S. dollar.
http://www.byliner.com/story/?id=172886
I’m Canadian.
Yes it is true, its about $1.02 Can to $1US today.
Do a Google on "Exchange rates"
I just looked at the $Can vs most other international currencies today and was surprised to see that it has gained dramatically against all of them in the last 120 days.
My opinion only of the reasons are…
Instability of the major oil producing countries, such as Iraq, Iran, Venezuela.
China buying up oil reserves and carrying US debt.
Islam extremism and no end in sight.
Huge Canadian oil sand reserves in Alberta which rising oil price per barrel have made the previously expensive extraction process much more attractive.
The whole sub prime mortgage thing in the US. 20% of US mortgages are sub prime vs 5% in Canada.
The Euro has made huge gains vs other currencies in the last 5 years. It appears to have peaked and settling back to reality.
Salaries and real estate values in Europe have exploded and resulted in large increases in consumerism. My son in London England makes 3x what his brother in Toronto makes. Go figure.
To net it out. The Loonie appears to offer stability, oil vs resetting of other currencies to real values.
Hope that helps, I tried not to be ethnocentric, but we all are eh!