Several indicators of a strong economy are causing the rise Canadian dollar.
Something strange has been happening to gasoline prices. For the first two weeks of September, it only fluctuated between 96 and 98 cents per litre, despite crude oil prices exceeding $80 per barrel and only a few dollars from the all time record of $84. Moreover, the price was identical in all stations around the city.
This last week, the price fell to as low as 92.5.
This is all good news, but why was gasoline 130 cents when Hurricane Katerina hit?