This morning, the Canadian dollar opened at 108.17 cents US, up 0.99 of a cent from Monday’s close. The U.S. dollar stood at 92.45 cents CDN, down 0.85 of a cent.
As a proud Canadian, that puts a smile on my face.
At the same time, as someone who lives in the States and intends to long term, it makes me a little uneasy. In the grand scheme of things, it’s probably not a good thing when the pendulum swings this direction.
But again, on the upside, it makes it even nicer when co-workers toss their “worthless” Canadian change my way. Oh, if they only knew.
Too bad it’s so difficult to exchange Canadian change at a US bank… though if the exchange rate gets much higher, I just may have to stop in and ruin an unsuspecting teller’s day!