The American dollar is sinking like a rock

Recently, I renewed my subscription to Mechapixel, a cool web site where people create strange and wonderful images with Photoshop and talk about all sorts of interesting stuff. The site is in the United States, so I have to pay in U.S. dollars.

When I renewed today, the Canada/U.S. exchange rate was 1 Canadian dollar = 0.933799 U.S. dollars. At the start of April, 2007, when I last renewed, the exchange rate was 1 Canadian dollar = 0.842931 U.S. dollars. This means that the Canadian dollar has gained 10% against the Yankee buck in less than three months. Whoa.