The Canadian Dollar Is Dropping Like a Dead Fly

It’s amazing how things keep changing. Since I work online I deal in American money, for the whole part of this year I was getting hammered when exchanged my U.S checks in Canadian funds. I remember when it was 1.06 Canadian for every American dollar, that really sucked for me as well as all Canadian companies exporting into the U.S.A. Well it seems to be coming full swing, I checked the online currency convertor that I use, and now the rate is way different. The Canadian dollar has really dropped down.

Here is the current exchange rate as of  October 9, 2008, 12:30 PM:

** 1.00 USD = 1.14538 CAD
United States Dollars Canadian Dollars
1 USD = 1.14538 CAD           1 CAD = 0.873074 USD

So for every $1,000 U.S, I will get $1130 Canadian (minus what the banks take of). People talk about the coming recession, but I guess it depends on how you look at it, or where you live. The more the Canadian dollar drops the more I make, there is a flip side to every coin.

Leave a Reply

Your email address will not be published. Required fields are marked *

− 6 = 1

This site uses Akismet to reduce spam. Learn how your comment data is processed.