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May 16th, 2007:

Just How F’ed Is The U.S. Dollar? I’ll Tell You.

Here’s how F’ed the U.S. Dollar is right now. If you go for a bit of shopping in Montreal over the weekend these days, you probably pay with your credit card to try and get the best exchange rate. When you next get online and look at your credit card statement, you will be shocked to find:

the USD-CAD exchange rate is so poor right now that, after taxes, you pay more U.S. dollars for your purchase than the price tag in Canadian dollars originally said!

Cheers to our northerly neighbors, I guess. (Although it does kind of put the lie to the whining I heard from some Ontario snorkelers when in Florida, that the boat skipper ought to give them a break on account of exchange rates.)