CDN $ > US $
Thursday, September 20, 2007
The price of the Canadian dollar hasn't been at par with the US dollar in 30 years,
they say. This, of course, is good news and bad news. On the one hand, importers will buy, relatively, cheaper US raw materials. On the other hand, exporters will have a hard time selling their finished products.
In the end, the US dollar will eventually appreciate, but for now we can look forward to paying more for already marked US merchandise that is in the country. For example, books are said to be priced months ahead of time: the same book in the US is worth $35, and in Canada $42. That's quite a difference, and I don't like it, so I recommend importing.
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