Quote:
Originally Posted by afc wimbledon
The average over the century is around .98, the artificial lows of the 90's weren't the norm either, and the state of the loonie vs US is determined by US and Canadian economies, whatever the state of our economy it pales into insignificance compared to what is looking likely to come down the pipe in the US. At which point the US dollar is likely to lose value heavily.
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You can't use rates from when the exchange rate was pegged or under the gold standard for purposes of comparison. You can only use rates from 1970 onwards when the dollar was allowed to trade freely. That average is much below 0.98! You're right the 90s was low, but today is high.