A Strong Economy

Canada:

For the first time in a generation, Canada's dollar is staring eye to eye with its American counterpart after reaching parity briefly with the world's dominant currency.

Boosted by high commodity prices and a weakening greenback, the loonie rose Thursday to an intraday high of US$1.0008, a level it has not hit since November 1976 - great news for the energy and import sectors and Canadian travellers but another sombre milestone for the country's industrial heartland.

Sounds reminiscent of stagflation to me. Thankfully we have a strong Fed chairman who's willing to keep interest rates steady in order to straighten out the economy.

Ugh. I need to write about the economy some. I'll see if I can manage it. Later.