Article/Newsbit of the Week: Loonie surges past 108 cents US

So if you didn't check out yesterday's video blog about how Money is Debt you should.

The following article (which is the end result of the above documentary video) can not be easily found on my favorite News source - CNNMoney.com

Instead, I had to look to the often over-looked Canadian media - i.e., Canoe.ca for the interesting article:

Higher commodities, earnings boosts stocks; Loonie surges past 108 cents US

That's right the title says it all, the Loonie (aka the Canadian dollar) is now worth 108 American cents.

Or, put another way, Those magazines that used to say $3 American/$4 Canadian are no longer accurate - it's more like $3 American/$2.76 Canadian...those worthless Canadian pennies don't seem so worthless anymore.

Bow down to your Canadian overlords....

well not quite but, maybe in the not-so-distant future.

It appears that the Canadian Dollar is no longer as worthless as yesterday's newspaper.

I was listening to this article on NPR today and it appears that the Canadian Dollar is about equal to the American Dollar and quickly approaching a value slightly above the American Dollar.

A quick lookup on an Exchange rate site shows that every Canadian Dollar is worth 99.82 cents of every American dollar as of today. So basically a dead-heat as far as the exchange rate goes.

Here's another article about the recent change in fortune -

While this may be pretty depressing to us Americans and delightful news to bordering Canadians, the U.S. still remains ahead of Zimbabwe in currency. In fact it's with mixed feelings that I can say I'm easily a Multi-millionaire ...in Zimbabwean Dollars.

The mixed feeling being the fact that the American in my African-American background is very proud of this fact.

The African in my African-American background is somewhat despaired and melancholy about this fact.