The Canadian dollar hit 99 cents today as oil prices soared and gold remained strong. The dollar rose as high as 99.18 cents before coming back to 98.15 cents following a report that inflation was at an eight month low in Canada. The last time the loonie was this high, it wasn’t even called a loonie, November 25, 1976. Now the wait is on and perhaps the bets begin to see just how long it takes before we are on par with greenback.
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