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  • lady_zgaga 07.04.10, 16:24
    April 6 (Reuters) - 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.

    Following are some key dates in the history of the Canadian dollar, nicknamed
    the loonie for the water bird depicted on the one-dollar coin.

    September 1950 - Canada allows the Canadian dollar to float against other
    currencies. The currency was previously tied to the price of gold under the gold
    standard.

    May 1962 - Canada brings back a fixed rate for a period, valuing the Canadian
    dollar at 92.5 U.S. cents, with a fluctuation band of plus or minus 1 percent.

    May 1970 - Canada returns to a floating rate, which it has used since. The
    currency climbs about 5 percent to about 97 U.S. cents and moves above the U.S.
    dollar by 1972.

    April 25, 1974 - Canadian dollar hits what was then a modern high of US$1.0443

    Feb. 4, 1986 - Currency falls to a low of 69.13 U.S. cents, a record at the
    time, on soft commodity prices and concerns about Canada's economic prospects.
    It then begins a march higher for the rest of the decade.

    September 1998 - The last time the Bank of Canada intervened in foreign exchange
    markets to affect movements in the Canadian dollar.

    Jan. 21, 2002 - Canadian dollar hits a record low of 61.79 U.S. cents, according
    to Bank of Canada data, undermined by weak resource prices and a robust U.S. dollar.

    Sept. 20, 2007- Canadian dollar returns to equal value with the U.S. dollar for
    the first time since the 1970s.

    Nov. 7, 2007 - Currency rises to a modern-day high of US$1.1039, according to
    Reuters dealing data.

    July 22, 2008 - Canadian dollar trades above parity with the U.S. dollar for the
    last time in 2008 as global financial crisis drives commodity-linked currencies
    lower.

    April 6, 2010 - Canadian dollar returns to equal value with the U.S. dollar for
    the first time in about 20 months.

    (Source: Bank of Canada, Reuters data)

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