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Jack Mintz: A sinking Canadian dollar is Trudeau's latest legacy
By Jack Mintz
National Post, Toronto
Friday, January 3, 2025
A sleeper election issue is our sinking dollar, which fell this past year by 9% against the U.S. dollar, reaching its lowest level since April 2003. It now takes $1.44 in Canadian dollars to buy one U.S. dollar.
Flipping it over, $1 Canadian dollar costs just 69.4 U.S. cents.
... Dispatch continues below ...
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Last new year it took "only" C$1.33 Canadian to buy an American dollar (or 75 cents U.S. to buy C$1). So if you imported a US$30 video game last year, you paid only C$40 plus tax. This year, if you paid the same U.S. price, you'd better be ready to dole out C$43.20 -- plus tax when the gimmicky holiday is finished next month. ...
... For the remainder of the commentary:
https://financialpost.com/opinion/jack-mintz-sinking-dollar-trudeaus-legacy
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