Quote:
Actually they are not equal. The exchange rate for today was US $1 = CA $1.25
Wrong. It was once $1 CAD to $1.03 USD. And that was the highest.
http://finance.yahoo.com/q/bc?s=CAD...n&z=m&q=l&c=And then the USD roared back because we moved from an inflationary oil-cost-commodity-push driven market mode to a recessionary one. And whenever there's a recession, cash is king. That's right. Not gold, not corn, not oil. Cash. Good ol' United States Dollars. And nothing else (or perhaps a rifle or 2 couldn't hurt...)
Edited by wd1040
01/16/2009 9:17 pm