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Par.

From the CBC:

The Canadian dollar closed above parity Friday for the first time in almost 31 years, as the U.S. greenback continued its dramatic fall against major world currencies.

According to Bank of Canada data, the loonie closed at $1.0052 US, up two-thirds of a cent from Thursday’s close.

Expressed another way, it means that a U.S. dollar is now worth a little less than 99.5 cents in Canadian money.

No more calling Canadian money “Monopoly money”, Yanks!

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One Response to “Par.”

comment from Sam
Mon Oct 1 2007
10:31 am

We could call US Dollars “Mickey Mouse Money”.

 

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