Canadian Dollar Reaches Parity with US Dollar

twenty_canadian_dollar_bills.jpgI could still remember when we drove up to Niagara Falls and the exchange rate was like $1.35-1.40 in favor of the US dollar.

Today, after 31 years, the Canadian dollar reached parity with the greenback. It hit $1.0064 in favor of the Canada dollar, but later fell down to 99.56 U.S. cents.

More canadians are coming across the border to shop in the U.S. because of their stronger currency and that product prices in the U.S. are usually lower than those in Canada.

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