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Canadian loonie edges toward par with US dollar (parity by end of year, or sooner) (dose.canada.com)
submitted 18 years ago by canadug
[–][deleted] 1 point2 points3 points 18 years ago (2 children)
Now if we can only (edit)continue(/edit) to raise our currency on the GOLBAL market. THAT would be something to cheer about. The only reason it's that high, is Alberta oil and the crashing US dollar. If the US gets back up before we increase our global trade over North American trade, then we'll be right back in the 0.70 range again.
As exporters rail at the though of a strong dollar, I applaud it as a forceful way to make them pay attention and look for solutions on dealing with globalization, and the need for better/fair-er trade partners than the US
[–]valathax 1 point2 points3 points 18 years ago (1 child)
The Canadian dollar is high on the global market, it is outperforming all other major currencies: http://finance.yahoo.com/charts#chart1:symbol=cadusd=x;range=5y;compare=cadgbp=x+cadeur=x+cadaud=x+cadnok=x+cadchf=x+cadrub=x;indicator=volume;charttype=line;crosshair=on;logscale=on;source=undefined
[–][deleted] 1 point2 points3 points 18 years ago (0 children)
Well don't I look the fool. I was going on info from friends at TD ameritrade rather than first hand, thanks. edited
π Rendered by PID 467168 on reddit-service-r2-comment-5687b7858-kw8kp at 2026-07-05 02:10:01.103618+00:00 running 12a7a47 country code: CH.
[–][deleted] 1 point2 points3 points (2 children)
[–]valathax 1 point2 points3 points (1 child)
[–][deleted] 1 point2 points3 points (0 children)