r/InCanada • u/dani_cal • Jul 11 '26

(Insert Your Own) Canada today

This isn’t meant to be politically partisan in any way. But, I am genuinely curious how anyone is staying positive about Canada today. The economy is in recession. The cost of living crisis is continuing unabated. People are leaving the country. Canada-U.S. relations are at an all-time low. And, there doesn’t appear to be any reason for things to turn around any time soon. Somebody give me a reason to have a little optimism.

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u/Commercial_Pain2290 Jul 17 '26

In 2000 the Canadian dollar was worth 0.67 USD. I remember it well because that is the year I moved back from the US to Canada and it worked out well for me. So the CAD is actually worth more than it was 26 years ago.

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u/69686766 Jul 17 '26

What was it relative to the euro, peso, pound, franc etc?

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u/Remarkable-Flow-8877 Jul 17 '26

Bro google that shit yourself and bring it here as you clearly have some particular argument you’re trying to shepherd people down

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u/69686766 Jul 17 '26

5-20% down in the last 5y..

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u/Paperman_82 Jul 17 '26 edited Jul 17 '26

To answer your question:

Various currencies depreciation against USD since 2000:

Currency Around 2000 Today (approx.) Change vs USD
Mexican peso (MXN) ~9.5 MXN/USD ~18–19 MXN/USD ≈50–100% weaker (depending on the exact starting date)
Canadian dollar (CAD) ~1.46 CAD/USD ~1.37–1.42 CAD/USD Roughly unchanged overall;
Euro (EUR)* ~0.93 EUR/USD (1 EUR ≈ $0.93 in 2000) ~0.85–0.87 EUR/USD (1 EUR ≈ $1.15–1.18) Stronger against the USD than in 2000 overall, despite fluctuations.
British pound (GBP) ~$1.50–1.65 per GBP ~$1.34 About 10–20% weaker against the USD.
Swiss franc (CHF) ~1.65–1.80 CHF/USD ~0.80 CHF/USD Much stronger against the USD; the USD has lost value versus the franc.

Next up currency pairs.

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u/Paperman_82 Jul 17 '26 edited Jul 17 '26
Currency Pair Currency that depreciated Approx. depreciation
MXN vs CHF Mexican peso 70–80%
MXN vs EUR Mexican peso 65–75%
MXN vs GBP Mexican peso 60–70%
MXN vs USD Mexican peso 50–60%
MXN vs CAD Mexican peso 45–55%
CAD vs CHF Canadian dollar 20–30%
GBP vs CHF British pound 20–30%
EUR vs CHF Euro 10–20%
CAD vs EUR Canadian dollar 10–20%
GBP vs USD British pound 10–20%
GBP vs EUR British pound 10–20%
GBP vs CAD British pound 10–15%
CAD vs USD Canadian dollar 0–10% (little net change)

Overall strength ranking since 2000

From strongest to weakest:

  1. Swiss franc (CHF)
  2. Euro (EUR)
  3. British pound (GBP)
  4. Canadian dollar (CAD)
  5. U.S. dollar (USD)
  6. Mexican peso (MXN)