By Jody Chudley As a Canadian, I’ve spent almost all of my professional life working for businesses that pay me in U.S. dollars.
Early in my career, I was briefly taking my U.S. dollar paychecks and converting them into Canadian dollars at an exchange rate of 1.6 to 1. That meant that for every $1 I was paid, I was actually receiving $1.60 in my home currency.
For a young man just starting his career, it was fantastic!
Five years later in 2007 though, my currency bliss was gone.
Then, on the back of $100-per-barrel oil, the Canadian dollar was trading at a premium to the greenback. …read more
