My wife Ashley cashed a cheque for $93 USD today (a deposit from a timeshare rental we made for some friends) and came back with less than $93 in Canadian dollars. I was puzzled. Last I checked, there was still a 3% difference. It seems that a lot can happen in a short period of time. Even if, on paper, the US and Canadian dollar has reached parity, the banks alway screw you over just a little bit extra. Here’s what the Royal Bank of Canada has to say about the exchange rate:
Simply…amazing. For the first time in my 32 years on this planet, the US dollar is now the weaker currency. And for someone such as myself that gets paid primarily in US dollars, that’s just depressing. I know Canada’s surging natural resource industry is partly to blame, but there are a lot of things very wrong with the US economy that, if fixed, would make a big difference. This just sucks.