“In Europe, it now costs just $1.09 to buy one euro, down from $1.37 a year ago and almost $1.50 four years ago”.
That’s because the Euro has lost its value. It’s still stable against other world currencies.
“That’s because the Euro has lost its value. It’s still stable against other world currencies.”
Our biggest trading partner is Canada. Less than five years ago, the US and Canadian dollars were at parity. Now, the US dollar is at a 25% premium over the Canadian dollar; i.e., C$1.25 = US$1.00