Becoming Like Canada

While some of us on the conservative side of things are concerned that we are moving toward a future which includes Canadian-style health care, the markets have been anticipating a monetary convergence:

The Canadian dollar reached parity with its U.S. counterpart Tuesday morning, as investors looked to park their cash in the fundamentally-sound loonie amid troubles in Europe.

Also, another rate hike from Australia’s central bank appeared to heighten expectations that the Bank of Canada will soon follow suit.