RTFA: http://www.bloomberg.com/apps/news?pid=20601082&si…
Canada’s dollar traded equal to the
U.S. currency for the first time in three decades, capping a
five-year run on the back of booming demand for the nation’s
commodities.
The Canadian dollar rose as high as $1.0008, before
retreating to 99.87 U.S. cents at 4:16 p.m. in New York. It has
soared 62 percent from a record low of 61.76 U.S. cents in 2002.
The U.S. dollar fell as low as 99.93 Canadian cents today. The
Canadian currency last closed above $1 on Nov. 25, 1976, when
Pierre Trudeau was Canada’s prime minister.
The move to parity marks a milestone for a currency dubbed
the loonie for the bird that adorns the nation’s one-dollar coin.
Parity also symbolizes Canada’s emerging clout in a world economy
increasingly short of the energy, grains and metals the country
produces.
Things are going GREAT.

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