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Low loonie not all bad

When I was nine or 10, our Canadian dollar was worth $1.02 compared to the U.S. dollar.

Those two pennies were like gold when you exchanged your dollar into U.S. currency.

During the 1962 election between Progressive Conservative John Diefenbaker and Liberal Lester Pearson, the dollar came under pressure and declined to 92.5 cents vis-a-vis the U.S. greenback.

As an election prop, the “Diefendollar” was created and distributed across Canada. The Conservatives subsequently suffered considerable electoral defeats across Canada.

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