Don't you have that backwards? if 1 USD = 1.06 CAD, then it is a good thing your income isn't in CAD. Your USDs are worth more. Unless you got that rate backwards.
No, I don't have it backwards--my point is that it wasn't that long ago that the exchange rate was about 1 USD = 1.5 CAD. For that matter, the exchange rate with the Euro has pretty well inverted, and the dollar has lost about 35% of its value relative to many currencies over the past five years or so.
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