Dollar Tumbles to Another Low Against the Euro and to 1-To-1 Parity With the Canadian Dollar. That's right folks, a Canadian dollar is equal to a U.S. dollar for the first time in over 30 years. That means we have to use more U.S. dollars to buy stuff that is imported--which, unless I am mistaken, would be almost everything since our biggest export is manufacturing jobs. What does this mean? Well, Canadians won't have to put up with ugly Americans who point to various Canadian products and loudly proclaim how much they cost in "real money." There's that. But it looks like I may have to rethink that European vacation.
I was thinking recently about how good I have been about saving my pennies over the last few years. I don't have enough to buy a fabulous apartment or start my own business, but it's a start. Now, I can't help but want to kick myself for not opening up a savings account denominated in Canadian dollars like I was thinking about doing that a few years back. Instead, I put most of my savings in a Vanguard treasuries account. The interest isn't much, but it's tax free at the state level and treasuries are supposed to be one of the safest investments around. Yes, the account statement slowly grows, but when I think about how much each individual dollar has slipped in value over the last six years.....ouch. Oh well, live and learn. If, as I hope and assume, the dollar begins to rebound after the chimp and the other miscreants slither out of office, well, maybe in a few years my savings might actually be able to do something. Yes, I am feeling a bit glass half-full today.