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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 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>
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==