Saturday, September 15, 2007

Canadian dollars highs making imports even cheaper

The loonie gave the greenback a spanking yesterday ending the day at a new 30-year high of 97.04 cents US. Six years ago the dollar hovered around 63 cents US. It doesn't take a rocket scientist to figure out that as we inch towards parity - it's probably not a matter of "if" but "when" now - the prices on those US car lots are going to look even better.

Custom House Currency Exchange is currently quoting 1.0259 for converting the US dollar to Canadian. That means a US$20,000.00 car will cost CAD$20,518.00.

The currency calculator is on the home page, so use it and gloat!

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