Originally Posted by
gglave
The greenback is a 'world currency.' The loonie isn't, plain and simple.
You'll see the same thing in Europe. If you attempt to spend euros at a small town in Wales, they'll likely be accepted. Swiss francs? Probably not.
Why? Because the euro is another world currency.
Agreed. I was in LHR last week. Checked into a Hilton not far from Paddington and the posted rates for USD and CAD showed the greenback worth about 3% more than the loonie in GBP terms when the opposite is true.
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13F