Increase in the Canadian dollar.

On September 17, 2009 the Canadian dollar has reached the highest level in 11 months! The Canadian dollar is now equal to 94 cents in American. One reason for this increase is because of the increasing prices of oil. On Wednesday morning the Canadian dollar made a huge jump! It was at 93.91 cents but, early Thursday morning the Canadian dollar went to an astonishing 94.42 cents American. The main reason for Canada’s dollar value increasing so much is because were comparing it to the American dollar. Compared to countries all around the world the Canadian dollar hasn’t increased very much at all. The reason for this is because were comparing the Canadian dollar value to the United States of America and there dollar value has been decreasing like a rock.

The American dollar has been going down very quickly and so has Canada’s. Americans dollar value is just dropping at a much quicker speed than Canada’s that’s why it looks like Canada’s dollar is going up. I think this article doesn’t show a lot about Canada’s dollar increasing and I think it just shows that Americas dollar is decreasing very quickly. I think that Canada should compare its dollar value to another country.