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Thanks to a slowing US economy and a strong Canadian economy, the loonie became equal with the US dollar. The last time the CDN reached parity with the US greenback was in 1976.
This is great news for me, since I am Canadian and spend a lot of my income in the US, either online or by travel. http://news.yahoo.com/s/nm/20070920/...r_parity_col_1
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"The person who has nothing for which he is willing to fight, nothing which is more important than his own personal safety, is a miserable creature and has no chance of being free unless made and kept so by the exertions of better men than himself. " — John Stuart Mill |
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Unemployment in the US is at 4.6% - http://www.bls.gov/news.release/empsit.nr0.htm
Unemployment in Canada is currently 6.0% (and that is their LOW end...the lowest in 33 years) - http://www.statcan.ca/english/Subjec...LFS/lfs-en.htm Median income is also rising: http://www.nytimes.com/2007/08/29/us...er=rssnyt&emc= http://www.whitehouse.gov/infocus/economy/2007/ |
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They are actually the same products. The cost of living in the US is simply lower than in Canada, so its cheaper for people to buy the same goods south of the border.
__________________
"The person who has nothing for which he is willing to fight, nothing which is more important than his own personal safety, is a miserable creature and has no chance of being free unless made and kept so by the exertions of better men than himself. " — John Stuart Mill |
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Quote:
I don't believe the 4.5% unemployment rate. |
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