Results tagged “Currency” from Joe Lavin's Humor Column

Don't look now, but the American dollar may no longer be The Dollar of the Americas. Last week, for the first time in over thirty years, the Canadian dollar achieved parity with the U.S. dollar. This is quite an accomplishment. Only a few years ago, the Canadian dollar was worth just 62 cents American. Now, one American dollar is worth one Canadian dollar, though the Canadians will probably just give you a coin for it instead of a bill. They're sneaky like that.

Here's today's trivia question. How much is a nickel worth? If you answered five cents, well, you're wrong. The correct answer, as of today, is eight cents. You see, a nickel consists of 25% nickel and 75% copper, and the price of both copper and nickel have risen enough so that the government is losing about three cents on every nickel made. This, of course, explains much about how government works.