The Mudcat Café TM
Thread #104924   Message #2165666
Posted By: Little Hawk
07-Oct-07 - 01:50 AM
Thread Name: BS: Cd $ reaches parity with US $
Subject: RE: BS: Cd $ reaches parity with US $
Yeah. ;-) You've got an extra four Lincoln pennies on that deal...or you would if the banks didn't steal at least 3 cents on the dollar from you every time they convert a foreign currency.

And that means that when I cash a US $ at my Canadian bank I will get about 95 cents Cdn for it, instead of the 98 cents Cdn it's really worth now.

Jesse James had the right idea when it came to bankers.