But in 1995, the lagging value of the Canadian dollar forced owner Marcel Aubut to sell.
Well the Canadian dollar, AU dollar, and many other currencies have shot up as a result.
Wall Street analysts have ripped the deal, citing the weak Canadian dollar and Bay's second-tier equipment.
The Canadian dollar, having dipped sharply, is back up to rough parity with the greenback.
Meanwhile, the Canadian dollar edged over 90 American cents, its highest level for 28 years.
Because of the weakness of the Canadian dollar, clashes also loom with Canada on lumber and wheat.
With the Canadian dollar running near parity with the U.S. dollar, currency exchange is presently not a factor.
Between the years 2006-2009, for example, the correlation between the Canadian dollar and oil prices was approximately 80%.
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The British pound, Swedish krona, Swiss franc and Canadian dollar are also trading well above their burger benchmark.
Canadian Dollar Trust shares are currently trading down about 1.1% on the day.
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This may help, but part of the trouble is the strength of the Canadian dollar, which is dimming America's appetite for Canadian imports.
The index reflects the strength of the dollar against a basket of six currencies: the euro, yen, British pound, Canadian dollar, Swiss franc and Swedish krona.
And the pleasant kicker is that t he Canadian dollar may just remain more stable and attractive aq currency to own if t he dollar keeps descending.
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The index measures the dollar against a basket of other major currencies, including the euro, yen, U.K. pound, Australian dollar, Canadian dollar, Swiss franc and Swedish krona.
This is a startling departure from the governor's previous policy of benign neglect, and signals that the central bank wants to keep the Canadian dollar somewhere above 65.5 American cents.
While the Japanese yen, Canadian dollar and the euro have risen 33%, 43% and 73% against the dollar since mid-2001, all have registered major declines against the more objective measure, gold.
Currency traders, confident that interest rates would not rise while inflation hovers at only 1%, bet against the Canadian dollar and drove it to a series of record lows in July.
The USDX futures contract is designed to replicate the performance of being short the US Dollar against the following currencies: Euro, Japanese Yen, British Pound, Canadian Dollar, Swedish Krona and Swiss Franc.
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On a day-to-day basis, the correlation can break, but over the long term it has been strong because the value of the Canadian dollar has good reason to be sensitive to the price of oil.
FORBES: Use This Currency To Short Oil, Another One To Buy Gold
The cosy, historic 65-room St Regis hotel underwent a major, 12-million Canadian dollar renovation in 2008 and re-emerged as a business traveller favourite, with marble bathroom finishes and walls sheathed in rich, pale blue leather.
Commodity currencies including the Russian rouble are responsive to expectations of a rise in commodity prices fuelled by Fed easing, while investors view the Mexican peso, along with the Canadian dollar, as a play on any economic recovery in the US because of their strong trade links.
The USDX measures the value of the US dollar against a basket of currencies that includes the euro, yen, pound, Canadian dollar, Swiss franc and the Swedish krona exactly the currencies that China is most likely including in its own basket and which are now appreciating as a result.
In the industrial heartland of Ontario and Quebec, the American descent into recession is an additional worry on top of the pain in the car and lumber industries, which export to the United States and were already suffering from a strong Canadian dollar and weaker demand south of the border.
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The Canadian company has built a billion-dollar business selling premium yoga gear at high prices, but the glitch with the recalled pants marks yet another recent stumble with products on its store shelves.
This year, the Supreme Court threw out a multimillion-dollar mining lease awarded to a Canadian-Chilean joint venture, calling the agreement illegal.
Michael Woeller, chief information officer of Canadian bank CIBC, just concluded a multimillion-dollar upgrade of 20, 000 PCs, plus servers and networking gear at 1, 200 branch offices.
Michael Woeller, the chief information officer of CIBC, a Canadian bank, just concluded a multimillion--dollar upgrade of 20, 000 PCs plus servers and networking gear at 1, 200 branch offices.
At the summit, Mr Harper raised with Mr Obama Canada's concerns that the Buy America provisions in the multibillion dollar US economic stimulus plan could shut out Canadian companies.
Currencies from the Aussie and Canadian dollars, to the euro and the British pound all crushed the dollar once George W. Bush began his presidency, but the strength of those currencies was a mirage.
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