The Canadian Dollar Occurrency

Canada is one of the most developed countries in the world, with a bolstering economy. With the U.S being Canada’s biggest trading partner and a central part of the world economy, exchange rates for many countries have been calculated by the U.S dollar. The Canadian dollar relative to the U.S dollar has fluctuated dramatically over the last half century, with the Canadian dollar for the majority of that time being weaker. Canada’s dollar reached an all time low, “January. 21st, 2002 at 61.79 cents U.S.”(http://www.cbc.ca/news/business/macquarie-loonie-forecast-1.3401644). Recently over the past few years the strength of our dollar is has been failing, looking after the great fall in 2008, due primarily by the recession, we have seen a bit