We haven’t seen an exchange rate of about 78 cents to the US Dollar (as of Friday 10/24) in more than three years. Getting into all of the ramifications of this shift is beyond my understanding, but here are a couple ways in which it’s not a bad thing: first, all things being equal, it can help the competitiveness of Canadian commodities on the world market by making them more affordable; second, for those of us traveling from the US to Canada right now, we get a more favorable exchange rate, with meals, hotels, and many other goods (not all, however) available at a “discount.”

Speaking for myself, I spent a lot of money in Montreal last year, when the Loonie was at parity with the US Dollar. If the rate holds, I look forward to saving some money and also spending some more at the businesses I patronize in the city.