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FRIDAY, NOVEMBER 27, 2009
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NEWS ABOUT: loonie

loonie stories: 2 news summaries

Canadians Invade US as Loonie Climbs

Exchange rate nears all-time high, sparking spending—and gloating

Oct 29, 07 11:47 AM CDT
(Newser) - The commodity-heavy Canadian loonie rose above US$1.04 this morning—just short of its 1957 all-time high of $1.06—on news that Mexico would cut oil production 20%, reports the National Post. Now that the currency tables have turned, Canadian shoppers and vacationers couldn't be happier, the Guardian... More »

MORE ABOUT:
tourism • Canada • deficit • US dollar • loonie

Loonie Catches Up to Dollar

First time Loonie equaled greenback since Nov. 1976

Sep 21, 07 3:33 AM CDT
(Newser) - The Canadian dollar reached parity with its US counterpart for the first time in over 30 years yesterday. As recently as March 2002, $1 American bought $1.60 Canadian, but the struggling US economy and the recent interest rate cut have pulled the greenback down, while increased demand for Canadian... More »

MORE ABOUT:
exchange rate • Canada • currency exchange • US economy • US dollar • loonie

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