Loonie strong to really strong

The Canadian dollar has recently enjoyed record highs, currently trading nearly on par with the US dollar. What does this mean for Canadians? It can influence whether they purchase domestic or foreign-made products, or whether they vacation abroad or in Canada. Although a strong Canadian dollar makes exports more expensive, it also brings the cost of living down, allowing Canadians to purchase imported goods at lower prices. No excuse not to eat your broccoli now.