I’ll give up shadenfreude for Lent, I promise.
Loonie hits modern-day high above $1.06 US
The Canadian dollar surged to a modern-day high against the U.S. dollar late Wednesday after the Federal Reserve cut interest rates again and oil prices surged to another all-time high.
In after-hours trading, the loonie went as high as $1.0617 US, eclipsing the previous 50-year high of $1.0614 US set on August 21, 1957.
That's the highest the Canadian dollar has climbed since it was allowed to float in 1950.
So, at what point am I allowed to start asking my noble American counterparts to recalculate their prices in real money? Please advise.