Canadian Dollar Continues to Rise

It’s an exciting time to be a Canadian given the strength of our dollar. Our currency has not been this high since July 2008 and some analysts are projecting it will continue to rise well into next year. That remains to be seen, and in my opinion we’re not out of the woods yet with respect to the sub-prime mortgage fiasco.

Alas, why all be doom and gloom when we still have a lot going for us with respect to commodities pricing. With the oil sands buttressing our economy through it all, we’re in a lot better shape to ride out the next bump of Americans defaulting on their mortgages. Also, if  we manage to successfully claim Northern Sovereignty over some of the richest plot of gas and oil (currently with USA & Russia are also trying to get a piece of the pie) also staking a claim, we may even prove to be more than buttressed, but fortified.

All remains to be seen in the future. But I know that the wife and I are already planning a day trip to the states this weekend to take advantage of the strong Canadian dollar.