Time to pack yer bags and head down south for all the sale items you can pack into you truck!
Ok, maybe physically heading down to the states is a bad idea. But, it is true that the US dollar and the Canadian dollar are getting pretty darn close again! As of this writing, the loonie was trading at 99.26 cents US.
Sweet! Well, sort of… there are people that really like this idea of parity – and there are those that don’t. Farmers and generally exporters in general aren’t going to like the idea of parity due to the fact that it means they’re getting less for the same amount. But hey, I think there’s enough good reasons to like it.
How about all those people buying cars in the States? I’d imagine the importing of vehicles is going to pick up again – and I can’t say I blame them.. especially after the gouging of prices we were subjected to the last time our dollar was worth more than the greenback.
Actually not that long ago I thought I read an article about things in Canada actually being cheaper than in the States? Obviously not a lot of things I can’t imagine.. but hmm.. maybe I can find that article. *update.. looked.. couldn’t find it.. must have dreamt it.
I tell you though, it is nice to know that if I was to buy a smoking fast 128 gig SSD drive for $248.36 from an online source like buy.com, that’s pretty much exactly what I’d pay. Whereas here in Canada that same drive would likely cost me $400 at least, and that’s on sale! That’s a pretty great deal as far as I’m concerned.
Go Loonie Go!
UPDATE
Just as I was posting this I noticed an article posted at the Vancouver Sun which serves as a warning that the sudden rise of the loonie may not be a good thing at all. I guess it’s all how you look at it.
Yet TD Economics issued a report Wednesday warning that the dollar’s rapid climb, as much as its higher value, could put a dent in the country’s rosy economic performance, which has been marked by gains in gross domestic product, manufacturing, productivity and employment. The latest economic indicator came Wednesday in a report showing Canadian wholesale sales surging three per cent in January to $44.4 billion, the biggest increase in three years.