Wednesday, June 20, 2007

Canadians get screwed by supposed level exchange rate

Although the Canadian dollar exchange rate has increased by about 25% compared to the American dollar, Canadians at home aren't seeing the benefit and are being ripped off by middlemen.

I can certainly attest that goods and food are much cheaper here in the U.S. compared to when I go home each month. Especially gasoline. Fuel in Edmonton is about $4/gallon (~$1.05/litre), where in Kansas it's hovering around $2.85 right now (~$0.77/litre).

At Denny's restaurant, the popular "Moon's Over My Hammy" and other breakfast slams are about $6.50 here in Topeka. In Edmonton, $8.99.

The list goes on.

Read more about it here.

1 comment:

MUD said...

I don't have a clue why the US and Canada don't just put the whole shebang together and call it America. There could be a "America" dollar like the Euro By the time we figure out that we eat the same ham and eggs the rest of the world will be eating steak and the rest of us won't be able to eat at Denny's.