This is Getting Loonie
Published by Toronto Mike on November 7, 2007 @ 12:14 in My 2 Cents
On September 20th I wrote about our Canadian dollar reaching parity with the American dollar. That hadn't happened since 1976 and I thought it was kind of neat but wouldn't last.
Today our Loonie passed $1.10 U.S. This is getting loonie. How high will it go?
My 9-5 gig, the one that pays my mortgage, bleeds money every time our dollar goes up against the American dollar. It's the same old story, the majority of the customers pay in U.S. dollars while the expenses are paid in Canadian dollars.
This is getting scary.
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Domenic
November 8, 2007 / 09:23
We should all get paid in Euros!