[ROVERNET - UK] price
restore at nbnet.nb.ca
Mon Apr 7 03:10:34 BST 2008
The dollar in the 1970s
Immediately following the government's announcement that it would allow the
Canadian dollar to float, the currency appreciated sharply, rising roughly 5
per cent to about US$0.97. It continued to drift upwards through the autumn
of 1970 and into 1971 to trade in a relatively narrow range between US$0.98
The dollar was at par...or so close it was not funny...I recall the
----- Original Message -----
From: "Eric Russell" <p6rovers at yahoo.com>
To: <rovernet at lyris.ccdata.com>
Sent: Sunday, April 06, 2008 9:49 PM
Subject: Re: [ROVERNET - UK] price
> According to the document you referenced, the Canadian
> dollar was about 92% of the US Dollar. So 92% X 6100
> = $5612.00
> Trusty calculator at his side.
> --- Glen Wilson <rovercar at comcast.net> wrote:
>> Shirley & Barry Lafbery wrote:
>> > Of interest my 1962 Mk 1a 3 ltr that I have the
>> original bill of sale
>> > for, from Mills Motors in Edmonton shows a price
>> of $5,975.
>> Canadian and US dollar we about the same in 1962.
>> Back to the comments Dennis made, the above
>> referenced article seems to
>> show that Dennis was right about the Canadian and US
>> dollars having
>> near-parity in 1971. If that's the case, why would
>> Rover charge $6,100
>> for the car in Canada and only $5,400 in the USA?
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