Skip to main content

Posts

Showing posts from November, 2007

Parity Problems

Time certainly flies by. Thanksgiving passed in a blink - as did Halloween. Now, the festive holiday spirit is descending upon us. With the holiday spirit comes shopping. All around the world, retailers and merchants are gleefully adorning their stores with decorations to lure wallets to cash registers. The infectious spending is hard to avoid, especially with the Canadian Dollar at such a high against the US greenback. I think the close of business today brought the number to $1.09. I figured I'd stick in a mention about this historical event (even though it is a bit of old news), this promising parity, that has finally come after more than 30 years. In my lifetime, prior to this period, I had always assumed buying anything State-side would cost me more as a Canadian. Evidence was everywhere - the dual pricing for North Americans appears on books, cards, music, etc. Over the past year, the gap between the rival dollars diminished until they met on even ground. Despite the ...