The Canadian dollar topped 94 U.S. cents for the first time in the 30 years this week, and the currencies could reach parity this year.
There are plenty of reasons to be concerned about the economic impacts of the loonie’s rise. But I’m still worried about the confusion over which coins to use where.
Comments
2 responses to “Canadian dollar soars, confusion ahead”
Are you all too young to remember the 1980’s when Canadian coins often circulated (i.e. treated as US coins) in the Seattle area? It was just a sort of unofficial courtesy. Most stores just did it. The two currencies were close to parity then, the Canadian ones being worth a little less.
The idea finally fell apart when an ingenious citizen got lots of Canadian coins and started using them for all her transactions (I think s/he was a her).
Maybe the quaint old custom will resurface, eh?
Andrew
Oh, I remember. It was a shock when the Safeway in suburban Seattle stopped taking Canadian coins!
But now with all the bison and birds on new U.S. quarters there will be rampant confusion.