Last Updated: Thursday, September 20, 2007 | 12:39 PM ET
CBC News
The Canadian dollar reached parity with the U.S. greenback on Thursday for the first time since November 1976.
The loonie briefly reached $1.0003 US on foreign exchange markets shortly before 11 a.m. ET, the Bank of Canada said. The loonie's stint at parity was brief, however, as it later slipped back to just under $1 US.
Some financial data providers reported that the loonie had reached parity shortly after 9 a.m. ET. But the Bank of Canada said the data its trading room was looking at did not show parity at that time.
"Currency trading is an over-the-counter market," a Bank of Canada spokesperson told CBCNews.ca. "It's not like the TSX." So there can be small discrepancies depending on the trades the data source monitors.
At any rate, all data sources are now showing that the Canadian dollar did reach parity.
U.S. dollar falters
The dollar's latest rise comes as the U.S. dollar falters against major currencies and commodity prices continue to gain strength.
Source: http://www.cbc.ca/money/story/2007/0...iandollar.html