The Canadian currency exchange rate holds its value
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Despite the difficult worldwide economic conditions the currency of Canada has remained robust relative to the value of the US dollar. Previously the currencies rise was on the back of surging demand for resources and oil. Despite the deflating values of commodities, the Canadian currency exchange rate is holding up relatively well. This is in light of the fact that the US dollar has staged a rally relative to other currencies as US citizens repatriate their overseas investments. This is proving to be an advantage for Canadian citizens who are apt to travel or who are looking for opportunities in overseas markets or to take advantage of the greater purchasing power afforded when traveling.
