Quote:
Originally Posted by Flames Draft Watcher
LOL. It matters because they live 3/4 of the year in Canada and thus the majority of their living expenses are in CDN$. They buy a house in Canadian $, eat out or buy groceries in CDN$, buy a car in CDN$, etc.
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And every one of those things costs more in Canadian dollars than it does in U.S. dollars, because Canadian dollars are worth less and therefore Canadian prices are higher.
Canadians are STILL shopping in the U.S. to get bargains, because the apparently favourable exchange rate is more than cancelled out by higher prices on this side of the border.