Canadian Dollar on Par With United States Dollar - First Time in 31 Years

TORONTO - Canadians are expressing pride in their economy but might be more inclined to go on shopping sprees in the U.S. after the Canadian dollar reached parity with the U.S. dollar for the first time since 1976.

Thanks to a sinking U.S. dollar and soaring commodities prices that benefit oil-rich Canada, the "loonie" — named for the Canadian bird depicted on the one-dollar coin — could be exchanged 1-for-1 with the greenback Thursday.

I was shocked in July when I was on Prince Edward Island to see the Canuck buck at 0.95 to the US Dollar. This was quite a switch from the 0.70 to the dollar when that despicable blowjob meister, Bill Clinton, was running the US economy.

Heckuva job, Dubya.