Sunday, November 4, 2007

The loonie's flying high!


According to The Toronto Star, "the loonie set a new modern-day high yesterday." It closed at slightly above $1.07 US!

Holy Loonies and Twonies!!

I have a $10 bill with a pic of King George VI on it. From, like, 1937. What's it worth?


Here's a problem: book covers haven't changed. So, even though the Canuck buck is worth more than its American counterpoint, you still pay more for a book in Canada. Just another example of how slowly the publishing world can move.

5 comments:

Sherry said...

Oh tell me about it!! The dollar is higher than it has been for a LONG time...but gas prices are going UP...we still pay more for a book...but it's the time to buy online..there's no "over payment" for the rate of exchange. Woo Hoo!!

Barrie said...

And there's still shopping in Buffalo!

Maureen McGowan said...

Walmart is supposedly changing to US retail prices in Canadian stores... Hopefully that will put pressure on other canadian retailers.

Now, the publishing industry... That's a whole other kettle of fish and tied into cultural protectionism etc. I'm not holding my breath for book prices to come down.

I fear for the Canadian economy right now. We're flying high... But the dollar being so good can't be good for Canadian businesses in the long run (as nice as it is for we consumers). I have this dreaded feeling that 3-4 years down the road we'll be paying for all this current prosperity.

(How'm I doing in turning your blog more political? Sorry. :-)

Barrie said...

Hi Maureen! Actually I was reading something online (the Star, the Globe??) that was saying something similiar to your comment. Hope you've recovered from your "hike"!!

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