The tornadoes that ripped through Kansas, Missouri, Arkansas and Tennessee were the lead story on the late evening news on CBC-TV and CTV. (I didn’t check Global/CanWest.) And I have absolutely no problem with that. It’s a big story, a catastrophe deserving top billing even though its impact on our “homeland” is practically nil. Last summer’s devastating floods in Europe also got top billing.
I think I probably don’t have to state what I’m thinking, though. You’re all two steps ahead of me, right?
Starting to Be Worth Somethin’ Again
The Canadian dollar is at its highest point in more than 5 years, trading at 70.82 cents U.S. today. Apparently, despite the SARS outbreak which tainted the reputation of the country’s economic engine, the Canadian economy is still projected to grow. And it would also seem that part of the Canadian dollar’s recent strength is occuring because the U.S. greenback is falling in value.
Economists say that a stronger Canadian dollar can be both good and bad. A weak dollar makes purchasing services and goods manufactured in Canada a bargain for foreign buyers. But it also means that whenever Canadians buy services and goods from U.S. providers, the bite is meaner. Those entries on the VISA bill for $X.00 @ 1.62CND are real “ouches.”
Personally I’m not sure what to think, just as I’m not sure what to think about the price of gas falling to $0.699/litre today from a pre-war high of nearly $0.90/litre.