Well, it is almost here and quicker than I expected. This morning, the Canadian dollar is trading over 99 cents to the American dollar. The Globe and Mail have an article on the Loonie today.

It also strengthened against the euro, so it isn't just the U.S. currency falling this time. Canada will have definitely lost the cheapness it has with its imports, both products and services. It will definitely bode well for travelers and those monopoly products we have, but who knows what will happen for the other sectors over time. They will have felt it for the past few years leading up to this anyways.

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Category: Finance

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