Loonie Fever

The Canadian dollar hit 91 cents U.S. today. The last time it was at that level was back in the middle of January, 1978. Coincidentally, the movie Saturday Night Fever was released around that same time. The thing is, the dollar was in the dumps for a long time before this sudden upsurge in value, and I wondered what is the true cause of the gain? Avoiding all that macro-economic mumbo-jumbo talk, I attribute it to the popularity of retro-nights around Canadian dance clubs and music halls. The dollar is high in value, because we THINK it's a different era. If this is true we may be able to get Bank of Canada Governor, David Dodge, to use monetary intervention measures to completely ban any potential late 90's revival nights. I could do without hearing another Ricky Martin, Jewel, or Britney Spears song.