Real estate blog entries tagged with canadian economy by Rayna Mckay (RE/MAX Real Estate Advocates)

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Home : Blogs : Rayna Mckay : Rayna McKay's blog. Calgary Condominium Information : Tag "canadian economy"

canadian economy: The Loonie is on Par! - 10/14/10 02:28 PM

Good news for everyone that is travelling to the states!

The Canadian dollar reached parity with the U.S. dollar this morning.

The loonie was at $1.0001 U.S. at about 8 a.m. ET

This is the first time since April the Canadian dollar has traded equal to or greater than U.S. currency.
"The main driver again today is underlying weakness in the U.S. dollar," said Douglas Porter, BMO Capital Markets deputy chief economist. "However, firmer (prices for) commodities are also playing a role ... "

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Rayna Mckay

Calgary, AB

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RE/MAX Real Estate Advocates

Address: #202 124 East Chestermere DR, Chestermere, AB, T1X1M1

Office Phone: (403) 207-1776

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Information on Calgary Condominiums and the Calgary Condo market by Rayna McKay a Certified Condo Specialist with CIR Realty.

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