Friday, September 21, 2007

Canadian dollar - now 1:1 with greenback

After 31 years, Canadian dollar (CD) is now back to 1:1 with greenback!

Yesterday, U.S. dollar was traded on a par with CD, meaning one U.S. dollar was exchanged for one CD.

As I shared in my blog days ago, this scenario was long anticipated due to weakening greenback and strengthening CD.

Is CD poised to climb some more? Yes! The current circumstances are conducive to appreciation for CD.

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