Market ‘darling’ Canadian dollar near 3-year high as stocks climb

Business | 207111 hits | Jan 22 5:49 am | Posted by: DrCaleb

The Canadian dollar was little changed against its U.S. counterpart on Thursday, holding near its strongest level in nearly three years as global equity markets advanced and after the Bank of Canada left interest rates unchanged a day earlier.

Comments

by DrCaleb
Fri Jan 22, 2021 7:12 pm
I blame Trudeau.
by PluggyRug
Fri Jan 22, 2021 7:36 pm
Took a dip today.
by CDN_PATRIOT
Sat Jan 23, 2021 3:49 am
79.18 cents? I remember back in 2006-2007 when the dollar was at par (or higher) than the
U.S. dollar. 79 is nothing compared to that high, and for someone to get excited over it
is very odd indeed.

Markets have been wonky since the beginning of the year. My own portfolio has been up and down in the last few weeks. Nothing to be happy about just yet until the dollar keeps on rising, and the markets rebound from what's been going on in the past while.

-J.
by Tricks
Sat Jan 23, 2021 6:48 pm
Parity happened in the latter half of 2007.

What else happened in 2007?

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