The little Loonie in my pocket is now worth close to $1.02 of the US kind. That seems quite amazing. When we first arrived here the local dollar was fetching around .80 and I remember, not so very long ago when it sunk to .64 only.
We were somewhere in Central Europe when we caught CNN say something about parity. I no longer have any US dollar-based assets, so, at the moment, I feel not richer nor poorer. This is all about the weakness of the greenback on the world stage. It will take a while for balance to be restored.
Canadian retail prices for most imported products were set long ago under the assumptions that are different from current circumstances. Just log on to www.BestBuy.com and www.BestBuy.ca to see how the twists have made US products now appear so much cheaper. The malls across the border ought to be ringing up lots of sales this weekend. Hordes of us will be heading south in search of bargains.
It's unfortunate I have little surplus cash after three weeks of travel in Central Europe. The Euro, unfortunately, is suffering from the opposite problem that the US dollar is presently having. It's dangerously overvalued.