Quote:
Originally Posted by HarryT
Is that not because, historically, the Canadian dollar has been worth less than the US dollar?
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Only for about 20 years (mid-80s to mid-00s), mainly caused by the first "free trade" agreement with the USA and the introduction of the GST (national sales tax which applies at most stages of goods' production, including the retail level, and which applied to far more things than the existing provincial sales taxes did). ie, it took about 20 years to get back to its natural state of being within about $0.05 of par with the US Dollar.