The Canada/U.S. Exchange Rate
Before 1976, the exchange rate between the U.S. and Canadian dollar was typically not far from one. The U.S. dollar appreciated significantly against Canada’s in 1976–85 and again between 1991 and the present. The reasons behind these appreciations, especially the present one, are a puzzle.
Suggested citation: "The Canada/U.S. Exchange Rate," Federal Reserve Bank of Cleveland, Economic Trends, no. 01-03, pp. 09, 03.01.2001.