The seemingly unstoppable Canadian dollar traded at a 47½-year high Monday,
hitting 104.69 cents US late in the morning. The currency hit a level unseen
since early 1960 - when John Diefenbaker was prime minister and
Dwight Eisenhower was still in the White House.
The loonie has risen more than 18 cents US this year, as several factors
converged to drive it to parity with its U.S. counterpart and beyond,
including record-high oil prices and a weak greenback. Another element hurting
the U.S. dollar, in relation to the loonie and other currencies, is the likelihood
that the U.S. Federal Reserve will cut interest rates again this week in an
attempt to boost the American economy.
Right now;
100.00 CAD = 104.875 USD
100.00 CAD = 72.7102 EUR
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