The Canadian dollar is weakening in comparison to the US dollar, and the slide doesn't appear to be slowing.  However, the latest downturn may be a result of the US dollar's sudden comeback; a result of a surprise rise in June home sales.  For certain Canadians, this slide may actually be of benefit, as many internet businesses get paid in US dollars, and a sliding Canadian dollar yields larger pay after the exchange.  Canadian companies who sell to American customers in Canadian currency may also benefit, as the US dollar will now go a little farther for those consumers.


 


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