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Is money in Canada worth more than American money?


Question Posted Friday July 1 2011, 3:58 pm

Every time I buy a book or something from walmart or target the barcode sticker thingy that's on the back of it would say something like US $12.99, Canada $14.99. How come things in Canada cost more than things in America?

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Razhie answered Friday July 1 2011, 7:32 pm:
Well, for a very long time the Canadian dollar was worth nucg LESS than the American dollar. For a long time each Canadian dollar was worth about 70 cents in American money.

That is why is costs Canadians more to buy the same thing.

However, for the past few years the Canadian dollar has been doing very well, and the American dollar has been getting weaker.

Right now, 1 Canadian Dollar is worth 96 cents in American money. Many Canadians are very upset that stores still charge them the mmuch higher 'Canadian price' even though our dollar is now worth much the same as the American dollar - sometimes it has even crept past the American dollar and been worth more.

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YoungMommy answered Friday July 1 2011, 7:26 pm:
Actually the canadian money is worth less than American money....
[Link](Mouse over link to see full location)

go to that website and you can see the different values in money.


If you wanted to exchange an American Dollar ($1.00) for Canadian money you would get $0.96 back.. things cost more in Canada because American money has a higher value hope I helped

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