A Dollar is a Dollar
Big news today for us Canucks is the fact that our dollar has reached parity with the US dollar for the first time since 1976. This is doubly cool for myself since on Monday, I'll be traveling to the States for the first time in several years and this will be the first time in my life that I don't have to worry about the exchange rate.
Of course, this isn't so much about the Canadian dollar's strength as it is about the US dollar's weakness, as the housing bubble is bursting, the badly regulated sub-prime credit fiasco is collapsing, uncontrolled spending and the massive budget deficits it created, along with the record trade deficits and inflationary fears are finally catching up to them, as well as a whole host of other reckless financial management practices.
Of course, that doesn't stop some people from thinking that now would be a great time to get rid of the loonie and tie ourselves to an American currency that's sinking faster than Brittany Spear's career.
In related, though less reported news, there's a new idea to help swimming performance by tying people to large sinking boulders.
