The period of time when the Canadian dollar was worth more than the US dollar was a result of the decision to artificially inflate the value of CAD by doing something like squandering gold held in reserve. It was purely a political decision and did not reflect the reality of Canada's status relative to the US.
Full disclosure it's been years since I learned about this and my recollection of the details is very hazy. I welcome anyone to explain it properly.
pickingrinninspittin 1 points 5 days ago
The period of time when the Canadian dollar was worth more than the US dollar was a result of the decision to artificially inflate the value of CAD by doing something like squandering gold held in reserve. It was purely a political decision and did not reflect the reality of Canada's status relative to the US.
Full disclosure it's been years since I learned about this and my recollection of the details is very hazy. I welcome anyone to explain it properly.