The big news in Canada is that with parity comes nothing much for the consumer. We will still have to go to the U.S. to get decent prices. How's that for greed?
>Perhaps we should devalue our currency to be equal to Mexico. That would be a factor of 8 to10 as it fluctuates often. Canada could do the same. Then it would be simple to buy anything between the United States, Mexico and Canada.
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>There is a tour that you can take to Tecate, Mexico, by train from San Diego. It is a very friendly town with some very nice people. One of the places the tour takes you to is a Mexican bakery. So many goodies! The sign over some really interesting cookies was $6.50 each. It really cost 65 cents in US currency, but it did get my attention! I like good cookies but $6.50? :)
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>>>The value of the dollar fell and is now equal in value to the Canadian dollar for the first time since November 1976.
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>>>
>>>I can recall Nixon devaluating the dollar and the explanation that went along with it.
>>>
>>>A short history of devaluation of the dollar:
>>>
>>>• In 1934 FDR devalued the dollar by 41%.
>>>• In 1971 Nixon devalued the dollar by 7.9%.
>>>• In 1973 Nixon devalued the dollar by 10%.
>>>Nixon said he devalued the dollar to make us more competitive with other manufacturing nations. A cheaper dollar meant that more countries could afford to buy goods manufactured in the United States.
>>>
>>>Devaluation for whatever reason is a two edge sword. It also makes it more expensive for the United States to purchase anything beyond our borders. Since little is manufactured in this country we can expect a greater deficit with China, the cost of foreign travel to be greater and so on.
>>>
>>>
>>>
http://cbs5.com/national/local_story_264021408.html>>>
>>>At any rate have a good Friday! :)
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>>Before I was born the dollar used to be worth about £0.25, such that the 2s/6d (2 shillings and sixpence) coin - called "half a crown" used to be nicj=knamed a "dollar".
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>>I can remember the £ devaluing vs the $ over the years and in the 90s at one point they nearly reached unity.
>>At the moment it's c $2 vs £1, both US and Can. Strange!
