Ok, so I am writing about the soaring Canadian dollar, affectionately known up here as the loonie. Today the loon just reached parity with the U.S. dollar. You have to go back to your BeeGees albums to find the last time the Canadian dollar was this high. Just five years ago it was at $0.62. If it weren't for the taxes, I might think I was living in Switzerland!
So what does this have to do with wine? Everything. I am paid in C$, yet 72% of wine sold in Canada (and 99% of my cellar) is imported. I am jumping up and down in my chair - WAHOO! Over the past few months the price tag for my upcoming trip to Sonoma has fallen by 15% - now that's savings! While I am not holding my breath for the local monopoly to cut prices (at least in the short run), I think my upcoming trips down south will be more...fruitful?
Soon I may have to take back my comments about American wine "value for the dollar".