Par Value

Wow, it looks like it’s for real.  Yesterday the Canadian dollar reached parity with the U.S. dollar, and today it stuck. No dead cat bounce here.  The last time the dollars were at par, I was in diapers and the oil sands of Alberta were a distant gleam in the eyes of Pierre Elliot Trudeau. As a friend of mine at RBC so eloquently put it, we can now look forward to “Canadians strutting through the streets of Buffalo and Plattsburgh like sheiks with their petrobucks.”

Here are yesterday’s graphs, for posterity:

5 yr trend (5yr)

2yr trend (2yr)

1yr trend (1yr)

3mo trend (3mo)

 5d trend (5d)

 1d trend (1d)

Watch for continued snapping up of those U.S. real estate assets by international investors.  As for me, I’m hanging onto my loonies and twoonies.


About danspira

My blog is at: My face in real life appears at a higher resolution, although I do feel pixelated sometimes.

Posted on September 21, 2007, in Business. Bookmark the permalink. Leave a comment.

Leave a Reply -- for humans only, no spambots

Please log in using one of these methods to post your comment: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: