Tue, 31 Jul 2012 08:35:50 GMT
The Loonie moves closer to parity with the U.S. Dollar
Canada's Dollar hit the highest in almost 11 weeks against the U.S Dollar on beliefs that Federal Reserve will act further to boost U.S. economy and ECB will undertake extra monetary stimulus. The Loonie increased 0.2% to C$1.0016 per U.S. Dollar, it buys 99.84 U.S. cents. The last time parity between the two occurred was May 15, when the Loonie