The Loonie is on Par!

By
Real Estate Agent with RE/MAX Real Estate Advocates

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 ... "



loonie

Posted by

Rayna McKay

Certified Condominium Specialist

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