Sunday, September 23, 2007

Loonie in Canada

The big news here in Canada is the rise of the loonie against the dollar. For the first time since 1976, their currency is worth the same as ours. What it all means is beyond me and my puny knowledge of how economics works, but I get the impression it is bad for us.

Leave it to us to pick the most expensive time in the world to visit Canada. It takes 100 dollars in gasoline to fill our tank, but that may become the norm in the U.S. too, the way things are going.

1 comment:

Wil said...

I filled my 1999 half ton Suburban on Friday -- admittedly it was thirsty, but still -- it cost US$123.00 and I hadn't towed our A/S at all in the ten days prior! So, I feel your pain as it would have been even higher in New Brunswick.