The Poor Old Loonie (and its rise to even more confusion).
It's obvious that patriotism will be in quite a high recently, given that our humble Canadian Dollar has soared into the sights of rates we haven't seen since "King of Kensington" was still on television. It's not very shocking at all for some, but others are worried of a possible death knell to an important part of the Canadian economy. But that's life in a capitalist society like ours.
Canada has been known to be cheap. So cheap, a lot of economic life depends on us being cheap. And other than those "No Name" brand generic products you see in the supermarket, it's quite a good thing to have. That means more employment for people all around, from moviemakers who have moved their craft to Spadina Crescent for a good vigorous filming to carmakers who like their parts being a bit cheaper to produce.
But the heydays of a booming Canadian economy leading from the 90s are ending, quite soon perhaps. We have been in quite the limbo when you think about it. Economic resources and unusual politics have given us some more wealth, but the manufacturers and city governments who used to cherish those dollars coming in are worried they would cease to exist in advantage to other places because our loon has flew up near space.
Should we be worried? In my opinion, no. Back when the Canadian Dollar was worth less than the Canadian Tire dollar in morale and spiritual principle, residents were complaining of how much their money isn't worth so much in places like ahem... south of the border.
Maybe that spending from companies outside the country will be headed back to where they originated? We all don't know.
But we remain envious of Alberta's flower gardens; remember, they have no debt anymore!

