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Sep. 20th, 2007 09:11 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
dolariDollar briefly hits parity, highest level since '76
Updated Thu. Sep. 20 2007 8:44 PM ET
CTV.ca News Staff
Finance Minister Jim Flaherty said a weak U.S. dollar was the cause of the loonie briefly reaching parity with U.S. currency for the first time in 31 years.
"The real story here is the rather dramatic decline in the U.S. currency in recent days and as a result the Canadian dollar is up significantly," Flaherty told reporters. He said he'd just had a conversation with Bank of Canada Governor David Dodge, to discuss the implications of a Canadian dollar even in value to a U.S. dollar.
At 10:58 a.m. EDT, the loonie rose as high as $1.0004 US before closing at the end of the trading day at 99.87 cents US -- up 1.37 cents US from Wednesday.
It didn't do me any good when I went to Canada...but Emily's gonna be living like a princess when she comes down here. At least until our economy completely tanks and we all become lackeys of our Canuck Masters.
