TORONTO - How high will the loonie go?
The Canadian dollar's meteoric rise accelerated this week, rising two cents in less than 24 hours. The loonie broke through the US$1.10 barrier in overseas trading Wednesday, initially hitting the 110.02 cents US mark. It dropped back down to 109.6 cents US, before taking off again and landing well above US$1.10. This comes on the heels of Tuesday's rise of 1.34 cents US and modern-era record close of 108.52 cents US.More on the story.
1 comment:
Times changes things so fast. Peaches and I were in Canada and they loved the American dollar. This was May of 2007, 6 months later the dollar is worth the paper it's printed on. I gamble and they gave me more money for the US dollar now their money is worth more. We can all thank Bush/Cheney and their criminal team for this.
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