Dollar parity sends Canadians south for homes
About 27,000 Canadians bought vacation homes in the U.S. last year as their currency strengthened against the greenback, and it looks like that influx is slated to continue through 2010.
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Timeline: Key dates in Canadian dollar’s return to parity
The Canadian dollar rose to one-for-one footing with the U.S. currency on Tuesday for the first time since July 2008, boosted by rising commodity prices and expectations for higher domestic interest rates.
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Canada’s Currency Targets Parity for First Time Since July 2008
March 15 (Bloomberg) — Canada’s dollar traded near parity with its U.S. counterpart for the first time since July 2008 as the nation’s accelerating economic recovery attracted investors.
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Canada Dollar Targets Parity With Greenback as Crude Oil Rises
March 16 (Bloomberg) — Canada’s dollar traded near the strongest level in almost two years versus the greenback and touched a 25-year high against the pound as crude oil and gold advanced and stocks gained.
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Canada Dollar Targets Parity as Fed Pledges to Keep Rates Low
March 16 (Bloomberg) — Canada’s dollar reached its strongest level in almost two years versus the greenback as the Federal Reserve’s pledge to keep interest rates near zero for an “extended period” boosted stocks and commodities.
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Loonie Approaches Parity on Bets Central Bank to Increase Rates
March 13 (Bloomberg) — Canada’s dollar came the closest to parity with its U.S. counterpart since July 2008 as traders bet faster-than-forecast job creation increases odds that the central bank will raise interest rates.
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