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When was the Canadian Dollar worth more than the American Dollar? |
When was the Canadian Dollar worth more than the American Dollar? The last time was 1976. Per Wikipedia: "The Canadian dollar fell considerably after 1960, and this contributed to Prime Minister John Diefenbaker's defeat in the 1963 election. The Canadian dollar returned to a fixed exchange rate regime in 1962 when its value was set at about US$0.925, where it remained until 1970. As an inflation-fighting measure, the Canadian dollar was allowed to float in 1970. Its value appreciated and it was worth more than the U.S. dollar for part of the 1970s. The high point was on April 25, 1974 when it reached US$1.0443. The Canadian dollar has continued to float since then, but it has not been above the U.S. dollar since 1976." Source(s): Wikipedia Personally - I doubt it ever was I know for sure it was in the 1960s. When I went to Canada from the US for the first time, in 1962, the US$ was worth 92 cents Canadian, and it stayed that way (fluctuating up and down a little) for a few more years. take $100 american to canada, and get around 130 canadian back. but dont bring canadian money back here, youll be lucky to find somebody that will do it for .40 cents on the dollar Denace the menace, what are you talking about? It's almost at par. I think I'll be crossing the border to hit Cabellas for the first time this summer, my first time ever going to the states for shopping actually... P.S. HEY DON: send me your email, I still have a reply to the PM you sent me... |
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