It wasn’t all that long ago that a $100 cheque from an American newspaper or magazine would pay me over $150 in Canadian currency. But these days, I’m lucky to get $110. So I cannot help but note these sentences from today’s Globe and Mail: “The Canadian dollar hit its highest intraday level in almost three decades Friday, and many strategists believe the currency has further to go. The loonie touched 91.63 cents (U.S.) on Friday after a much stronger-than-expected report on retail sales. The last time the loonie was this strong was Oct. 12, 1977.” Sigh.
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