Changes

The '''Canadian Dollar''' is the official currency of Canada. In October 2007, the Canadian dollar became slightly more valuable than the [[United States of America|American]] [[Dollar]] for the first time since the 1960s.   

The '''Canadian Dollar''' is the official currency of Canada. In October 2007, the Canadian dollar became slightly more valuable than the [[United States of America|American]] [[dollar]] for the first time since the 1960s.   

The increase in the value of the Canadian Dollar is in part due to a decrease in the value of the American dollar, and in part because of the economic situation in Canada, with the election of a Conservative Party Prime Minister, and the ensuing supply-side economic policies. The Canadian Federal Government has consistently run large, net [[surplus|surpluses]] of tax revenues over expenditures, and is paying down their [[national debt]] (currently still at 457 Billion Canadian Dollars). The value of the economy also grows because of the wealth in the natural resources including oil, and other minerals. This appreciation of the Dollar has caused difficulties for the manufacturing areas of the economy. The Canadian dollar has stayed relatively steady against the [[Euro]] and other major currencies, while the US Dollar has fallen.<ref>[http://www.fin.gc.ca/budtoce/2007/ec07_e.html 2007 Economic Statement]</ref>

The increase in the value of the Canadian dollar is in part due to a decrease in the value of the American dollar, and in part because of the economic situation in Canada, with the election of a Conservative Party [[Prime Minister]], and the ensuing [[supply-side economics|supply-side economic]] policies. The Canadian [[federal government]] has consistently run large, net [[surplus]]es of tax revenues over expenditures, and is paying down their [[national debt]] (currently still at 457 billion Canadian dollars). The value of the economy also grows because of their wealth of natural resources, including [[oil]] and [[mineral]]s. This appreciation of the dollar has caused difficulties for the manufacturing areas of the economy. The Canadian dollar has stayed relatively steady against the [[euro]] and other major currencies, while the US dollar has fallen.<ref>[http://www.fin.gc.ca/budtoce/2007/ec07_e.html 2007 Economic Statement]</ref>

==References==

==References==