Articles Archive for February 2016
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Within the course of my PhD I have seen the dollar go from just above parity at 1.0297 on September 14, 2012 to a low of 0.6865 USD per CAD on January 19th, 2016 – a 33% decline in value. I’m not sure if it says more about the state of the Canadian economy or just how long I’ve been doing this PhD gig.
The faltering loonie rate has a lot of implications for different Canadians:
The grocery shopper sees higher prices for imported fruits and vegetables – most notably expensive cauliflower.
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