Well, the days of the US calling our money Monopoly money because of its weak exchange are now gone, as our Canadian dollar hit parity with their own greenback.

I wanted to mark this occassion on my blog because it means that Canada is doing well, and the US is doing poorly.

This unfortunately is bad for international online workers like myself though as our wages have to be converted from US dollars to Canadian dollars, and that isn’t as much in my pocket as it used to be.

Here is a quote from a Canoe Money article that made me laugh:

But with the loonie puffing its chest and floating ever near parity with the U.S. dollar once more, the country is still waiting to see any spoils.

Already beleaguered manufacturers and exporters are warning that the more valuable dollar makes their products more expensive, and less competitive, than their competition elsewhere. The tourism industry is struggling to keep their richest foreign market from steering clear of their northern neighbours.

“I think if I open my window I can hear people at Niagara-on-the-Lake screaming,” said Lewis Soroka, an economics professor at St. Catharines’ Brock University.

Seems as though Sabine and I will have to make some trips to the USA to buy our goods, now that our dollar is worth something there, and there are no deals to be found here.

What a crazy world we live in.

Sidenote: I predict that by Christmas $1.10 US will be equal to $1.00 Canadian.