Wow.
Globe and Mail says:
The Canadian dollar has broken through parity for the first time since Nov. 25, 1976.
The first official trade at parity took place at 10:58 a.m.
“Strong currency. Proud currency,” said Stephen Butler, director of foreign-exchange trading at Scotia Capital Inc., who said he's seen a slew of buyers from corporations to speculators, today. “All the fundamentals point to Canada right now.”
[...]
The loonie since retreated from the $1 mark, trading recently at 99.90 cents (U.S.). The highest the currency has reached so far today was $1.0002.
Now if only it were easier to order from Amazon.com...
The Canadian dollar has broken through parity for the first time since Nov. 25, 1976.
The first official trade at parity took place at 10:58 a.m.
“Strong currency. Proud currency,” said Stephen Butler, director of foreign-exchange trading at Scotia Capital Inc., who said he's seen a slew of buyers from corporations to speculators, today. “All the fundamentals point to Canada right now.”
[...]
The loonie since retreated from the $1 mark, trading recently at 99.90 cents (U.S.). The highest the currency has reached so far today was $1.0002.
Now if only it were easier to order from Amazon.com...