For those of us who live in America, a long-standing joke has been that $20 equals about $1000 Canadian dollars. Sadly, these days are past us and the greenback is uncharted territories.

At 9:34 a.m. (1334 GMT), the Canadian dollar was at US$1.0465, putting each U.S. dollar at 95.55 Canadian cents, down from Monday’s close of US$1.0496, or 95.27 Canadian cents.

Only time will tell what happens next, but I don’t think investing in gold would be a bad idea.

Source: Reuters