Canadian Dollar averages above par in 2011

Note: This section contains information in English only.
Source: Bloomberg
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Canadian currency traded on average close to parity last year, reaching strongest mean value since 1976. The Loonie averaged C$0.9892 per US Dollar in 2011. Canadian Dollar experienced its highest annual closing price against the Euro since 1999. The strength of national currency is provided by long-term conservative practices and regulations, said C.J. Gavsie, forex trading unit executive at Bank of Montreal. The Loonie finished 2011 at C$1.0213 against its US peer. 

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